Do you think that your insurance is too high? If so, then you’re not alone – most insurance companies want to charge you the highest possible premiums, so you’re going to have to work for it if you really want to lower your rates. Fortunately, there are some things you can do right now to get started.
Take a look at your finances. If you’re in debt and having trouble paying your bills, then most insurance companies will think that you have difficulty managing your money appropriately – regardless of what actually pushed you into debt in the first place. On the other hand, if you have an impeccable credit history, then you’ll immediately be thought of as a trustworthy, responsible individual… Which lowers your chances of being at fault in a collision. Keeping your finances in order is a good place to get started if you want to lower your auto insurance rates.
Next, consider excluding drivers from certain vehicles in your household. This service isn’t offered by every company, but those that do will allow you to lower your rates if a high-risk driver (such as any teenager) is forbidden to drive the car. Conversely, if they take it out, they will not be covered if a problem does occur – so it’s your responsibility to enforce the exclusion at all times.
ADVANCED SAVING TECHNIQUES
At cheap auto insurance, we’ve talked to quite a few people about the available discounts companies offer… And some of the offers companies will make are absolutely astounding.
If you possess a college degree in a complex field (Math, Engineering, etc.), you could be eligible for discounts based on that alone – and if you’re in a job with a high level of responsibility, such as anywhere in the medical field, then you may be eligible for further discounts on your personal vehicles.
Military personnel, especially those out on deployment, are often eligible for even greater reductions. Some locations require all vehicles to be insured, regardless of how often they will be driven – but even the stingiest companies recognize that a car left safely inside of a garage or storage unit is unlikely to be damaged, so serving personnel can get reductions of as much as 90% from certain companies.
In short, you may be eligible for more discounts than you realize… But you won’t be able to take advantage of the improved rates unless you know whether or not your insurance company offers discounts for your position.
GETTING THE SAVINGS
The first step to saving on your insurance is comparing offers from different companies. Chances are you’ll have to repeatedly fill out similar forms, so carefully review each form before you submit it to ensure you didn’t forget everything. You may also want to speak with a representative of each company, asking about discounts for education, profession, the intended use of the vehicle, and anything else that may have an impact on the policies.