Choosing Insurance You Will Love

4 Tips For Keeping Car Insurance Costs Down

Remaining independent and being able to get where you need to go will depend on your ability to drive. This means having a reliable car you can use. It's also important to have auto insurance in place to help you avoid any financial losses that may occur if you're involved in an accident. This is legally required in most states and can also give you peace of mind. However, automobile insurance can be costly, so it's ideal to know specific ways for you to cut these costs when possible.

Tip #1: Carpool

Insurance companies will charge you less for your coverage if you drive fewer miles each day. This is because you will present a lower risk to the insurance company by being on the road less.

One idea is to talk to your neighbors to see if any of these people work near you. Carpooling with others is a very good idea to save on insurance costs and gasoline, while also preventing excessive wear on your car.

Tip #2: Buy an older car

Insurance companies base the amount of your premiums on the value of your vehicle. Brand new cars are expensive on their own, but they will also cause you to pay more in insurance costs.

Additionally, if you have a loan on the car, you may have to purchase a comprehensive policy due to the lien. This is one of the most expensive ways to keep your car insured, so avoid it if you can.

Tip #3: Add safety features

If you do get an older car, you can update it with certain safety features that will help you save money. Be sure to add anti-lock brakes to your vehicle and air bags if these aren't currently installed.

Additionally, adding a security system that alerts you if an intruder is trying to break into your car can also reduce the costs of your insurance.

Tip #4: Increase your deductible

One of the best ways to instantly lower your auto insurance is by raising the amount of your deductible. This means that the insurance company will pay less for any claims that you do file, but if you are able to avoid getting into an accident, that won't matter.

Keep in mind that you will have to pay the deductible amount before any money is paid to you for a claim.

Being able to pay less for auto insurance is ideal for long-term savings. Take the time to discuss this with an insurance agent from a company like Kesner Insurance Agency Inc and you may be able to reduce your premium amount by the next billing cycle!