Money Girl has 5 savvy tips to pay less for car insurance without sacrificing your safety.
Tip #4: Ask About Discounts
Insurance companies offer a variety of discounts, but they don’t always advertise them. So speak up and ask how you might qualify for a lower premium.
For instance, you typically get a significant discount for purchasing multiple polices with the same insurer, such as your auto and renter’s insurance, or having more than one car insured.
You’ll also get discounts for:
- driving a car with safety features, like anti-lock brakes or airbags
- having a good driving history with few or no accidents
- being a student with a high grade point average
- working in certain occupations, like medicine, education, or engineering
- completing a defensive driving or accident prevention course
- serving in the military
Tip #5: Shop Regularly
It’s important to shop most types of insurance policies on a regular basis, like once a year. So, if you’ve never shopped your auto insurance, or it’s been a while, don’t put it off any longer because you’re probably leaving money on the table.
After comparing quotes, you may find that your current insurance provider is giving you a great deal—but you won’t know until you shop at least several different companies.
The easiest way to shop is online, using a free site like insurancequotes.com or carinsurancequotes.com. They allow you to get multiple quotes at once from the nation’s top insurance providers and save a lot of time and hassle.
Shopping for car insurance probably isn’t something you look forward to doing each year. But since it helps many people cut their expenses, I promise that it’s well worth the effort.
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