Quick and Easy Ways to Save a Large Amount of Money on Car Insurance
You've heard the commercials before: switch to company X and save a lot of money on your car insurance.
So the question remains; if you save a lot of money on car insurance just by switching to another company, which company do you actually save with? There is a simple way to find out, and that will be discussed in a second, but did you know there are ways in which you can save a lot of money on car insurance without switching your carrier? To start, you should do a complete audit of your insurance policy.
What are your deductibles, your payments, your discounts, and your other cars' policies? You may be surprised as to what you have been paying for without you even knowing it.
By going through and asking the simple question, "do I need that?", you should be able to knock at least five percent off your payments.
One of the best ways to lower your payments is to increase your deductibles.
Your deductible is the amount you have to pay, if you get in an accident, before your insurance company will start paying for the damages done.
Commonly, these values are much lower than they need to be.
The average person has a fear of getting in an accident and breaking the bank.
The reality is that over 98% of policies never get paid out because most accidents are under the deductible threshold anyway.
You should take a minute to analyze how much you have in savings, how much you are able to pay for if a major accident happened tomorrow, and lower your deductible to that value.
If you can go about one year without getting in an accident in which you have to pay over your deductible, the chances are you've saved enough money to make up the difference in deductible values.
The average person can easily save another 5% just by doing this.
If you have not already, you should check to see if the company you are using offers more than one type of insurance.
If they also offer home owner's insurance, for example, they typically also offer multiple policy discounts.
These discounts can be extremely high because they value you and want to keep you as a customer.
Lastly, you should shop around.
One of the ways in which the insurance companies make their money is by offering low teaser rates to begin with, then moving forward and slowly increasing their rates over time.
With today's fast internet speeds, you can easily obtain quotes from multiple companies simply by entering in your information once and then comparing multiple companies' quotes side by side.
So the question remains; if you save a lot of money on car insurance just by switching to another company, which company do you actually save with? There is a simple way to find out, and that will be discussed in a second, but did you know there are ways in which you can save a lot of money on car insurance without switching your carrier? To start, you should do a complete audit of your insurance policy.
What are your deductibles, your payments, your discounts, and your other cars' policies? You may be surprised as to what you have been paying for without you even knowing it.
By going through and asking the simple question, "do I need that?", you should be able to knock at least five percent off your payments.
One of the best ways to lower your payments is to increase your deductibles.
Your deductible is the amount you have to pay, if you get in an accident, before your insurance company will start paying for the damages done.
Commonly, these values are much lower than they need to be.
The average person has a fear of getting in an accident and breaking the bank.
The reality is that over 98% of policies never get paid out because most accidents are under the deductible threshold anyway.
You should take a minute to analyze how much you have in savings, how much you are able to pay for if a major accident happened tomorrow, and lower your deductible to that value.
If you can go about one year without getting in an accident in which you have to pay over your deductible, the chances are you've saved enough money to make up the difference in deductible values.
The average person can easily save another 5% just by doing this.
If you have not already, you should check to see if the company you are using offers more than one type of insurance.
If they also offer home owner's insurance, for example, they typically also offer multiple policy discounts.
These discounts can be extremely high because they value you and want to keep you as a customer.
Lastly, you should shop around.
One of the ways in which the insurance companies make their money is by offering low teaser rates to begin with, then moving forward and slowly increasing their rates over time.
With today's fast internet speeds, you can easily obtain quotes from multiple companies simply by entering in your information once and then comparing multiple companies' quotes side by side.
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