Considering the high cost of living nowadays everyone would like to minimize on their spending and still get a quality life. It’s no wonder you will check in more than one Car Insurance companies before you can choose the one with the lowest premiums. Other than just looking out for the cheapest Auto Insurance company to insure you new Car in, there are some other factors that could maker your life a lot more easier and you could save a huge chunk of money every year if you make a few adjustments to your plan. See the tips below:
Be a careful driver
If you have a clean record of being safe on the road, you will easily earn the trust of many Insurers and your premiums will be lower compared to those of a person who has had a record of a few car accidents.
Reduce Your time on the road
It is logical that the more you use your car, the more it wears out and the more it is exposed to accidents. If you only use your car for a few hours to go only to necessary places, you will pay less for your car insurance compared to those who are ever on the road.
Your Career
Some careers are considered more risky than others therefore premiums charged will be different for people in different careers. A journalist for instance will be charged more than a secretary or an accountant because they move around to different places and sometimes attend risky meetings.
Avoid paying premiums in small Installments
You might have noticed that other than the basic premium rate that you pay, there are other administrative costs that might apply therefore you always pay a little more. If you consider these additional fees every month, they will be more compared to if you had paid your premiums annually or semi-annual. You are actually making losses and being fooled by the small size of premiums you pay on a monthly basis.
Make your vehicle safe
Ensure that your vehicle has all the necessary safety devices that might save a situation in the event of an accident. Safety belts, air bags or a fire extinguisher are some of the many things that will make an insurer trust you and reward you with a lower premium rate.
Have more than one cars under one policy
If you own more than one car, insure them under the same policy. Some costs involved in insuring the cars will be shared and you will also get a discount from insurers for it. The premiums in this case are far much lower and with so many other benefits from the Insuring company.
Consider driving a smaller car
The smaller the car engine, the less the costs and so are the premiums. Auto Insurance companies charge more premiums for big cars as compared to smaller ones. Unless it is necessary to drive a big car, just lower your pride and get a smaller one.
Get another policy under the same Company
When you identify your trusted and convenient motor insurance company, insure another of your property with them. You will get a discount for multiple policy.
Your age
You can’t control your age but it is one of the factors that can lower your or raise your premiums. Young and old drivers are charged more while middle age drivers are more likely to be trusted by Insurers. Insurance companies that deal with old people do not consider your age so are the best to try.
Your family status
Car insurers see married people as more responsible than unmarried ones. Bachelors are even charged more than unmarried women sometimes because they are considered more reckless.
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