How to reduce your auto insurance premium.
Motorists of all ages are always looking for new ways on how they can save money on car insurance. While it may be tempting to cut down on coverage to save a few dollars every month, it’s not always the wisest move to make. After all, you may need that coverage should an accident happen. To help you save money on auto insurance without sacrificing coverage, check out these tips.
Choose a safe car. If you don’t need a luxury vehicle or a large SUV, consider purchasing a small, economy-class car. Selecting a car with safety features, that isn’t brand new, and is relatively low-profile will help to keep your car insurance costs down.
Use your garage. Parking your car in a garage overnight helps to protect it from thieves and vandalism. If you park your vehicle off the road in a safe spot, like a garage, you may be awarded a discount.
Restrict your mileage. If you use your car very little and have low mileage, get a low mileage discount. Remember that if you exceed the agreed figure, you could invalidate your cover, but it is well worth making the inquiries.
Raise your deductible. Choosing a higher deductible will mean your insurance premium will be reduced. While the aim is to pay a lower premium, don’t put yourself in a dangerous financial situation by increasing your deductible to an amount that’s too high. Remember that in a claim, you will need to pay this amount of out pocket before insurance kicks in.
Bundle your insurance policies. Do you have health insurance, home or any type of life insurance? If you have other insurances in addition to your car insurance, consider bundling your insurance with one provider. Many insurers may offer a discount to people who take out multiple policies through them.
For all of your car coverage needs, contact C.V. Mason Insurance Agency in Bristol, Connecticut. We will work with you to ensure you have the right amount of auto insurance coverage, all at the right price to fit your budget.