Five Ways to Save on Car Insurance – Today!

If you think you are paying too much for your car insurance policy, you are probably right. There are many ways to save money on a policy, and the following are five of the most significant ways to do it.

Can you drop some of your coverage?
This is obvious, but you need to consider it. If your car is paid for, it is not necessary to have all of the coverage that a lender requires when you are making payments on your car, so if you have paid off your car, you may want to consider dropping your comprehensive and collision portion of your insurance policy. Although you may want to consider keeping theft, even if your car does not have a high market value.

Increase your deductible
If you have a car that you want to keep fully insured, you can still save money on your premiums by increasing your deductible. The higher your out-of-pocket expenses will be when making a claim on your insurance, the lower your insurance cost will be.

Consolidate your insurance premiums
It is possible, with certain insurance companies, to buy your automobile insurance and homeowner’s insurance together. If you do not own a home, you can still save money by purchasing renter’s insurance along with your auto insurance. More than one vehicle can be added to an insurance bundle too, and this includes motorcycles, boats and RVs.

Ask about discounts
It is possible that you qualify for one or more auto insurance discounts, and you are not aware of it. You can call your agent to ask if there are any discounts available. Most good insurance companies will offer a few discounts. If your current insurance company does not, then it may be time to get a new insurance provider.

Get several quotes
If there is a single best way to lower your insurance costs, it is by getting quotes from several companies. Too often, an individual will get comfortable with the same insurance company and assume that the insurance premiums will be no different elsewhere. However, insurance companies will seldom drop your rates. As long as you continue to pay your premiums, they will be happy, but you will be paying too much.

You do not have to wait until your current insurance policy expires to buy a new policy. You can start saving money today. A car insurance van nuys company can get you a low cost policy today, and you can then cancel your old policy and get refunded for the unused balance.

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