A lot of people pay auto insurance premium blindly because they haven’t given it enough thought. Others sacrifice the cushioning and protection provided by auto insurance in order to keep their premium low. It is unfortunate given the fact that there are a lot of ways one can lower their auto insurance premium without sacrificing the necessary coverage. Here are some tips to help you keep your premiums to affordable levels.
Drive well
It is amazing how so few people actually take advantage of their track records. If the driving record is clean without any traffic violations like jumping signals, over speeding etc. you would be respected by most auto insurance companies as someone who drives risk-free. You will attract a lesser premium because of the lower chances of you making auto insurance claims. Therefore taking care of your track record is a very good way of keeping your insurance premium down in the future.
Use public transportation
It is true that many of us don’t like to give away the comfort of driving our own vehicle to take the public transportation. However, you can keep that one odd day of the week where you take buses and trains instead of your own vehicle, reducing your overall mileage to a considerable extent. Car pooling is another way you can keep your mileage down. The lower your mileage, lesser are the chances of accidents and claims and hence lower will be your insurance premium.
Sign up for pay as you drive schemes
A lot of insurance companies are offering pay as you drive schemes where the insurance premium would be determined by the mileage. This comes with the caveat of having a gadget installed in your car by the insurance company. If you don’t consider this as an invasion of privacy and if you are one those safe drivers who wants to make good habits count, this is your chance to reduce your auto insurance premium to a significant extent.
Get protective equipment
It is incredible to know how much the value of a car and the risk associated with it can affect the auto insurance premium. That is why sedans have cheaper insurance than SUVs. However, if you cannot compromise on the model of the car, at least get protective equipment like anti-theft mechanisms, navigation assistance etc. which reduce the risk involved with your vehicle to a great extent.
