7 Ways to Lower Your Insurance Rates

The seven steps to lowering insurance rates

We all dread the moment when we have to pay for our vehicle insurance. How can you keep the costs low? Read on to discover our seven best tips on how to save big on your insurance.

Watch your speed!

Moving violations increase insurance premiums. Start by keeping an eye on the speedometer. Then, savor your clean driving record and enjoy paying less for insurance.

Take a course

Many insurance companies will give discounts if you’ve taken a driving course. Ask about the discounts that could be available to you, and consider putting in the time to take a course. The long-term savings will be worth it!

Be careful behind the wheel

Your insurance company will reward you if you demonstrate a pattern of safe driving. Avoid dangerous behaviors that could result in a crash. Have you already accumulated a few tickets? The good news is that driving records get cleared eventually, so it’s never too late to be careful.

Investigate thoroughly

Although you may be tempted to just sign up with an insurance company that a friend or family member uses, take the time to shop around. You can find good rates in unusual places. Also, don’t assume that a company that’s given you the best rates in the past will continue to do so. They may have hiked up their rates, while another company might now have better offers.

Choose your car wisely

Do you have an inclination towards sports cars? Do you want the flashiest, most expensive model on the market? Just remember that, besides the initial cost of the vehicle, those more expensive vehicles will also make your insurance rates soar. When purchasing a vehicle, consider how the model and type will affect your insurance.

Increase your deductible

The deductible on your insurance is how much you will pay before your insurance policy kicks in. For instance, if you raise your deductible from $500 to $1,000, your monthly insurance rates will decrease. Of course, that means that if you have a collision, you will have to pay more out of pocket, but it might be worth the long-term savings.

Stay off the road

Less travel means less risk, and if you drive less than the average person, your insurance company may cut you a break on your insurance rates. If you bike to work or school and only use your vehicle on the weekends, be sure to let the company know.

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