LOS ANGELES, CA / ACCESSWIRE / September 28, 2019 / Compare-autoinsurance.org has released a new blog post that presents multiple ways of saving car insurance money.
Car insurance costs can reach several thousand dollars per year, depending on the provider, risk profile and coverage options. Insurance rates are determined after analyzing multiple risk factors. Some of these factors are under policyholder's control. Find out more and get free quotes from http://compare-autoinsurance.org.
Bundle policies. Companies with great financial power will ask if the policyholder would like to get more insurance services from them. A person can easily bundle car insurance with homeowners/renters/condo insurance and save big. When completing online questionnaires, the user is asked if he owns the home/apartment where he/she lives. If the user owns it, he will be provided with a bundle option. In some cases, a person can save as much as 20% simply by bundling coverage.
Cover all vehicles under the same plan. Covering multiple vehicles under the same insurer will also be financially rewarding. Multi-vehicle plans also provide a discount. The value of the discount is directly proportional to the number of insured vehicles.
Carefully select the value of the deductibles. It is up to the policyholder to set deductibles. The usually recommended value is $500, for both comprehensive and collision coverage. However, the policyholder can choose higher values and lower the overall premiums. Use online quotes to adjust deductibles and see how much money can be saved.
Drop unnecessary coverage on older cars. If the car is older than 10 years, keeping full coverage is likely to make the owner overpay. Since a car's value diminishes over time, keeping full coverage for cars older than 5-6 years is likely a financial mistake. Visit Kelly Blue Book and check the current value of the car. If it is very low, drop full coverage.
Maintain a spotless driving record. Whenever a person tries to obtain online quotes, he will be asked for claims and traffic violations in the recent 3-5 years. Traffic violations and accidents will not only increase premiums but can also determine a carrier to consider a client "high-risk" driver and eventually, drop him.
Drive a safe car. Consider a car's safety rating before buying it. Look for annual crash-test ratings and NHTSA safety rankings. Lots of new models are fitted with the latest sensors and accident prevention systems. A safe car is cheaper and easier to insure. Medium-sized family cars are usually really safe and cheap to insure, being mass-produced - that means that there are plenty of affordable spare parts.