3 Things You Can Easily Do to Save Money on Your Auto Insurance
Nearly everyone wants to save money on their auto insurance. There is no reason to overpay, but if you don't understand the basics of car insurance, you can easily spend more than you need to. Here are some things that you can do to save money.
1. Buy a More Affordable Car
When most people go car shopping they don't think about the extra expenses of the car, like the insurance. The auto insurance is calculated based on how new the car is, how many miles it has, and how expensive the car would be to replace. That means if you buy a brand new, foreign-made, sports car, you will pay a great deal of money in auto insurance each month.
Conversely, if you were to choose an American-made, used car, you are likely to spend a fraction in insurance. If money is a issue for you, and if you are looking to save on insurance, buy a more reasonably priced car.
2. Drive Less and Drive Safer
Another factor that goes into your auto insurance is how much you are driving. If you are commuting a long distance to work every day, you are more likely to get in a car crash than the person who drives only a short distance to work. This is simply because they spend less time on the road, so there are fewer chances for an accident to occur. Even taking public transportation or carpooling can save you money on insurance.
In addition, if you have tickets on your record or past accidents, you will pay a lot more in insurance than the person who has a clean record. Thus, follow traffic laws, and if you do get a ticket, do what you can to get it off your record so that the insurance can't see it.
3. Shop Around
Lastly, you shouldn't go more than a couple years without shopping around for a new insurance policy. Although you may love your provider, you need to have leverage to see if you can get a better deal. The way they calculate the insurance should mean that the amount you pay in premiums lowers as the car becomes older, has more miles, and depreciates in value. But you rarely have a premium drop. That is why getting more quotes and comparing them will help you know what you could be paying on auto insurance.
Talk to an agent like those at Mascott Insurance Services LLC for more tips.