Auto insurance is a dynamic commodity and hence it keeps changing constantly. There is intense competition amongst auto insurance providers as well, which adds to the vagaries of the rates that prevail in the market. In such a scenario, it is advisable for car owners to constantly look out for the best rates possible instead of blindly renewing the policies and paying much higher premiums than are required to be paid. Here are some of the better habits that you can nurture over a period of time to help you get discounts and better auto insurance rates in the long term.
Paying your bills on time
Paying your credit card bills, auto insurance premiums and loan instalments on time wouldn’t directly get you discounts on your premiums. However, they will definitely improve your credit history. Insurance providers tend to provide much better rates to those who have excellent credit history compared to those who don’t.
Not renewing auto insurance policy blindly
Not renewing auto insurance policies blindly is a good habit because in one year, the rates change a lot. If you have gone through a whole year without claims, it is a good idea to look out for discounts which your insurance provider may not provide but other auto insurance companies looking to attract customers from competitors would provide. At least, it will allow you to negotiate a better deal with the insurance company.
Drive less
Surely you don’t need to walk miles and miles every day. But if you could use public transportation wherever possible or go for car pooling with friends and neighbours, you would bring your mileage down. This will save fuel costs as well as auto insurance premiums. That is because the lesser you drive the less risky you are for the insurance provider.
Don’t break traffic rules
Jumping signals or over speeding would cost you a lot more than the penalty you pay. It tarnishes your driving record thereby adding to your auto insurance premium. This is because as someone who is involved in traffic violations, you are considered less responsible and more reckless while driving and hence more likely to be involved in accidents.
Request free insurance quotes often
You are entitled to change policies whenever you want to. Therefore it is a good idea to keep looking for better auto insurance rates. If you don’t want to shift loyalties you will at least know about the market rates and negotiate better.
