Even if you haven’t put through any claims on your car insurance, your rates seem to keep inching up every year. Is there anything that you can do to save money on your car insurance? Check out the following tips that could save you some money on your next policy. If you can incorporate more than one, it all adds up to some major savings.
Knowing exactly what kind of coverage you are required to carry in the state of Nevada is the first step. After that, you may want to acquaint yourself with the other levels of insurance that is available to protect you and your family as well as other drivers on the road. If you are aware ahead of time exactly what your insurance needs are it will help you get the best rate without paying for coverage you really don’t need.
One of the best and easiest ways to save money on your car insurance is to shop around. Get as many quotes as you can because the prices will definitely vary from company to company. And the internet makes it easier than ever to shop. There are sites that will take your information, put it into their database and match you up with the companies that are going to give you the best coverage for your money. If you are still not sure it is best to speak directly with an insurance agent who can guide you in the right direction.
Raising your deductible, even just a little, can lower your rate considerably. Even if you raised your deductible from $250 to $500 you could still realize savings up to 10 percent annually. This simple adjustment could mean some real savings in the long run.
If your older vehicle isn’t worth more than around $2,000, you may want to drop your collision coverage. If you have a vehicle that is still being financed you must keep this coverage, but if your car is paid off, it may be cheaper in the long run to remove it from your policy.
Check for any company discounts. Your insurance agent will be able to tell if there are any discounts for low mileage, safe driving, being a good student, attending defensive driving classes or even for having a safer car. Newer cars have factory installed air bags and some newer ones are installing passenger side air bags. Keyless entry and pre-installed alarm systems also help cut down on liability and will result in lower rates.
Bundling, or putting all of your insurance policies under one roof can usually save you money. Insurance companies give discounts to their customers who use them for all of their insurance needs – car, life, homeowners, rental and health. Plus it makes it easier to keep track of with one insurance agent.
Policies, laws and circumstances change every day. Make sure your information gets updated every time you renew your policy. You may have added a vehicle and qualify for a multi car discount. Or you may not drive as much if you have retired. Go over your policy for errors every time you renew your coverage.