Car insurance can be quite expensive, especially if you have a certain type of vehicle. However, there are ways to lower your car insurance costs which can save you hundreds of dollars in the long run. Here are a few of them to help you get started.
Keep Your Car in the Garage
Whenever you can, park your car in the garage. If you don’t have a garage or carport, try to park your car as close to your house as possible. Make sure it is in an area that is well-lit and in plain sight of surveillance cameras. If you can, put a car cover over your vehicle to protect its paint from external elements and prevent people from seeing inside. It will also give you an additional layer of security if someone tries to break into or steal your vehicle.
Choose the Right Type of Coverage
If you need to lower your car insurance costs, you may want to rethink your coverage. The only time you really need comprehensive insurance is if you have a loan on your vehicle. This is normally required by the lender who holds the title. Once the car is paid off, you can drop your coverage down to collision coverage or PL/PD coverage if your vehicle doesn’t have much value. If you prefer to keep the more expensive types of coverage, you can offset the cost by readjusting your deductible amount.
Raise Your Deductible
One of the easiest ways to lower your premiums is to raise your deductible. However, raising your deductible increases the amount of out-of-pocket costs you will have to pay if you ever file a claim. If you are paying higher premiums with a lower deductible, call your insurance agent and see if you can reverse that and pay more on your deductible and less on your premiums.
Enroll in a Safe Driving Program
Many car insurance carriers are offering a safe driving program. This involves installing a small beacon in your vehicle that monitors your driving habits. The better your driving score, the lower your premiums will be. You can also boost your scores by taking a defensive driving course and turning in your certificate of completion to your insurance agent.
You are required to carry a state minimum amount of car insurance on your vehicle in every state. However, you can lower your premiums by reducing your risk of damage or theft. If you have more questions about how to lower your car insurance costs, contact us at Abatelli Insurance today!
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