According to Randon Morris, companies base your rate on a variety of factors from the kind of car you drive to how long you’ve been insured. By understanding what affects your auto insurance costs, you can get good coverage without breaking the bank.
Here are the ways to help you save money on car insurance.
1. Shop around
Although auto insurers use similar factors like age, driving history and location to calculate your car insurance costs, they weigh these factors differently. That’s why it’s important to compare rates, says Randon Morris.
2. Take advantage of car insurance discounts
Every insurance company offers special ways to save on your car insurance premium. To make sure you’re getting all the discounts you’re entitled to, check out your insurer’s discounts page and ask your agent to review your possible savings.
3. Drive safely
Speeding tickets, accidents and other traffic violations drive up car insurance premiums. If you get a ticket, you may be offered the opportunity to go to traffic school to get it dismissed or reduce the number of violation points that go on your driving record. If you can keep the violation off your driving record, the time spent in class could lower your car insurance, rcommended by Randon Morris.
4. Drop car insurance you don’t need
If your car is a clunker, it might be time to drop collision and comprehensive insurance, which pay for damage to your vehicle. Collision insurance pays to repair damage to your car if it crashes into another vehicle or object, or flips over.
5. Drive a car that’s cheap to insure
Before you buy your next car, compare car insurance rates for the models you’re considering. The vehicle you drive affects your car insurance premium, particularly if you buy collision and comprehensive coverage.
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