Save More On Your Vehicle Insurance Premiums

Millions of drivers are struggling to keep up with the rising costs of fuel and vehicle maintenance, which makes it difficult to spare even a little money for auto insurance. Doing without insurance is extremely risky, especially now that some states will impound your vehicle if you are caught driving without coverage. Your best bet is to find the most affordable coverage available, which allows you to drive safely and legally. Here are some of the most common ways you can save money on your car insurance.

Start by requesting an itemized statement of your current services and options from your insurance provider. You may be surprised at the myriad fees and coverage packages you are paying for, many of which you neither want nor need! If you do not know what a particular item entails, do not hesitate to speak with a representative at your provider’s agency. By eliminating one or more of these unnecessary expenses, you can cut down on your fees and premiums significantly — possibly saving hundreds or even thousands of dollars a year!

If you plan to purchase a new vehicle in the next few months, think carefully about how the make and model may affect your premiums. For example, you can be sure that a convertible or sports car will carry a higher premium than something like a sedan or minivan. This rule of thumb applies to both new and used vehicles. While you might love the idea of cruising around in that candy apple red BMW coupe, bear in mind that your insurance rates might go up significantly. Stylish, yes, but also very expensive!

Safety features and aftermarket add-ons can also have a favorable effect on the price you pay for your insurance coverage. For example, you will pay a lower premium on a vehicle that is equipped with features like airbags and anti-lock brakes. You can also save money by installing an anti-theft system in your vehicle. When your vehicle is safer to drive and less likely to be stolen, your insurance provider views it as less risky to own and operate, and will charge you less as a result.

You can also save money by purchasing multiple policies from a single provider. For example, check with your current agency to find out if they will cover your home, boat and vehicle. Many agencies offer this option, and will reduce your premiums significantly if you switch over all your business to them. This also applies to households with more than one vehicle. If you, your spouse and each of your children have their own vehicle, you are probably paying a huge amount out of your pocket. It is definitely worth your while to inquire about this opportunity!

These steps may seem somewhat time-consuming, but remember that even one or two of these considerations can save you as much as a few thousand dollars in a single year, and much more in time. After all, you work hard for your money and want to get the most from it. If all it takes is spending a few hours on the phone or meeting with your agent, why wouldn’t you take advantage of the opportunity? Use this article as the starting point for finding more affordable auto insurance for yourself and your family.