Insurance is a necessity when you buy a new or used car. Every state requires every driver to have a valid driver license, tags, and insurance. For a lot of people insurance is an added bill that strains your budget. Below are 5 ways to save money on your insurance and possibly let your wallet breathe a little easier.
Get All your Insurance From One Insurance Company - If you have more than one car get your insurance from the same insurance. Some insurance companies to offer you a discount if you bundle your insurance. But more importantly it is easier to have your cars under the same insurance.
Safer and Low Profile Cars Cost Less to Insure - We all have dreams of owning a luxury SUV or sports car but if your budget is screaming a cheaper, low profile car may be best for you. You won't get as many ooh's and ahh's but your pocket book will thank you.
Better Credit Score May Mean Lower Insurance Premiums - This isn't always true but if you go with one of the widely known insurance companies your credit score could play a big role on how much your insurance will cost. A good rule of thumb is to check your credit score before shopping for insurance. When you decide on your company then make sure to tell them you have a good credit rating.
Shop Around Online for Better Deals Before Any Renewal - Even if you love your insurance company it may be a good idea to shop around before renewing. Sometimes you honestly can get more coverage and save money with another company.
Pay Full Amount Every 6 Months to Save Money - Some (not all) insurance companies offer a discount if you pay every 6 months or yearly. It may be easier and cheaper to pay a huge chunk every 6 months than forking out the money each month. That way if an emergency happens you will have some extra cash one month.
Always, always shop around when buying car insurance. Ask about discounts and if you have a teen driver it is very important to try to get the best deal.
