Driving a car and keeping it in good shape has the potential to cost a lot of money in the long run. So it can be beneficial to look for ways to cut costs whenever possible, such as on a mandatory expense like car insurance. Here are some practical steps that have the ability to lower your auto insurance rates:

Get a quote before you buy

Calling an insurance agent or two before purchasing a new vehicle can give an early indication of potential insurance costs. Insurance premiums can vary significantly based on different makes, models, and age of the vehicle. If insurance on a particular vehicle is likely to be too expensive, it may be more practical to look elsewhere.

Review vintage vehicle coverage

For the older car that is free of financing, it may be worth checking out the collision-only insurance coverage. This is the type of protection that is required if damage occurs to a third-party vehicle. In many cases, this simple step can help save useful insurance costs.

Use a single insurance company

Try to use a single insurance company for multiple policies, such as car, home, travel, etc. One benefit of this is the ability to get a multi-line discount, which is generally in the region of 10-15% of the total annual premium.

Careful driving

There are many insurance policies that offer incentives for a lower premium. One of these incentives is a proven track record of careful driving, which can include avoiding accidents and avoiding speeding. This has the potential to offer an additional discount on the annual premium of approximately 5-7.5%. In addition, avoiding traffic offenses for a period of 3 years; it is possible to obtain an additional deduction of costs.

Increase the deductible

Another simple step to control costs is to increase the deductible amount. This is the first amount paid by the insured when making a claim. By increasing the deductible from $ 250 to $ 500, there is the potential to make a substantial difference. The deductible can even be increased to an amount like $ 1,000, which should go a long way toward controlling your insurance premium. However, it is sensible to only increase the deductible to an amount that is affordable and easily payable in case you need to make an insurance claim.