4 car insurance tips that will save you money
Car insurance is an essential part of life. Unfortunately, no matter how careful you are, accidents happen. But we want to make sure that they don't break your budget when they do happen. So whether you're a new driver or a seasoned driver, these car insurance tips will save you money on your premiums and give you peace of mind.
Increase The Deductible
One of the most cost-effective ways to save on your car insurance is to raise the deductible. Insurance companies offer you a range of excesses, but it's up to you which one you choose.
The deductible is the amount of money you have to pay before your insurance company pays out. The deductible is typically calculated as one-tenth of the annual premium. This means that if you have a higher deductible, you'll be paying less every month. However, it also means that you'll have to pay more for the first part of the settlement if you need to make a claim.
Find A Provider Policy with Discounts
One way to save on your car insurance is by doing your research. Then, find a provider that offers discounts for good driving and other incentives. Once you find the right policy, make sure to sign up as soon as possible. You might miss out on these discounts if you let the time-lapse before signing up.
If you're an older driver and want to save on your premiums, AARP car insurance is the way to go. AARP offers exclusive rates for drivers 50 years of age and older who maintain good driving records. So if you're over 50, head over to The Hartford's website to find out if you qualify for the AARP car insurance discounts.
Consider Increasing Your Cars Security
This is a good place to start. There are many ways to make your car more secure, but one of the easiest is investing in an alarm. Alarms discourage thieves and are a deterrent for would-be carjackers. They're also easy and inexpensive to install. Additionally, you could also consider a dashcam to capture footage that could be used as proof of no-fault in the event of an accident.
Limit Your Mileage
One of the most common mistakes we see people make when they get a car is driving it too much. This makes sense; after all, you've just spent a lot of money on your new car, and now you have the freedom to drive it wherever you'd like. But those miles add up quickly, and that can cost you in more ways than one.
If you want to save money on your car insurance, then make sure to drive your vehicle only when necessary. Keeping your mileage low will help keep your risk level low as well. Driving less not only keeps your risk level low but also helps save money on gas, which should be a priority for every driver who wants to save money at the pump.