Auto Finance Blog

Owning a car is expensive. There’s the initial purchase of the car. Then there is maintenance, both routine and emergency. Don’t forget to add in the cost of gas. At least, when it comes to car insurance, there is some freedom of negotiation. Since car insurance is necessary for remaining on the road, and out of jail, it is perfectly acceptable to shop around before you buy. Here are some things you can do to save money on car insurance.

Practice safe driving. This may sound ridiculous, but it really can help your insurance premiums. Insurance companies will offer discounts for a clean driving record. If your driving record has some blemishes, don’t worry. Insurance companies will also offer discounts for driving records that show visible improvement. That means the fewer accidents and tickets you have, the lower the cost of your insurance will be.

Check your state laws. You can find out what kind of insurance your state requires in order for your vehicle to be legally drivable. While it may cut back on your coverage, it will save you money on your insurance bill. Just remember, your car will be legal to drive, but you may lose out if you are ever in an accident.

If you are a student driver, maintaining good grades is key. Just like a clean driving record, good grades will ensure a lower insurance premium. Along with this, some insurance companies will also lower your premiums if you voluntarily take safe driver courses. If you have established insurance with a company already, see what discounts they offer to lower your payments.

Some employment sectors are also eligible for discounts. There are companies that offer lower rates to members of the military, healthcare, and service industries. The internet may be the best place to start looking into what discounts may be available for you based on your employment.

Age matters. Companies charge different age groups different rates. Seniors may also get an additional discount. If you are a senior driver shopping for insurance, see what kind of discount you may be eligible for based on your age.
The best way to get the lowest insurance rate is to shop around. Take everything into consideration, and start talking to companies. Like so many other companies, you may get a better rate online. Either way,, always call and talk to someone at the company. People can give discounts and make offers that a computer system is not capable of doing. If the insurance company has a local office, pay them a visit. Do whatever you have to do to shop around and make sure that you get the best price possible. You also want to make sure you are happy with the insurance company and its policies. If the price is good, make sure you agree with the policies and guidelines that come with your quote before you sign on the dotted line. Be prepared to pay a deposit as well. Insurance companies usually require one.

Many people do not know that there are several easy steps that you can take to save money on your car insurance. When you follow a few simple rules it is possible to save hundreds of dollars a year. The mistake that many consumers make when paying for cheap auto insurance is that they do not shop for the lowest price. Another mistake is that many individuals make is that they do not ask insurance agents about possible discounts.

There are many facts that you need to be aware of before you purchase automobile insurance. You need to know what your driving records looks like. You can find this information at your local Department of Motor Vehicles office. Another valuable piece of information is your credit score. A good credit score can help to lower your insurance premium. Getting information from various insurance agencies. Use all the tools that are available to you to research potential companies.

Your driving record can have a great effect on your insurance premiums. If you have several tickets or accidents on your driving record, you will be considered a high risk driver. Some companies may decide not to insure you at all. Many people do not know that you can lower the number of points on your driving record by taking a safe drivers education class. Check with the local Department of Motor Vehicles for a list of authorized driving schools. This is a great way to brush up on your driving skills.

Every year you are eligible for a free credit report. There may be items on the report that you can contest. This will help you raise your credit score. A high credit score will help you save money on car insurance.

It is extremely imperative that you use all the tools available to find many insurance companies that can meet your needs. When searching for insurance quotes it is very important that you let the agents you are speaking with that you are researching your insurance options. They may provide you with several options and discounts. Do not be afraid to ask questions. It is the their job to answer all your questions. Many insurance agents will ask you several questions. They may inquire if you have a home, or if you are a student. These questions are usually asked so the agent can provide you with all the available discounts.

If you already have an insurance company and you are just looking to lower your monthly payment it does not hurt to call your current insurance agent and see if there are any addition discounts that are available to you. Some insurance companies offer a discount when sign up for automatic payment withdrawal. Also if you pay six months at a time usually there is a discounted rate. Raising your deductible is the last option that is available to you save money on your car insurance premium. Now you have the knowledge and tools to save yourself money on your car insurance premiums.

How to save money on car insurance is easier than you may think. Planning and doing a little research can save you a nice amount of cash on your car insurance. Discounts are available through most insurance companies if you know what to tell your agent. Did you know that sometimes your job or profession can actually benefit you in regards to your car insurance premiums? Even your age can effect what you pay and of course don’t forget how important your driving record is to your car insurance premiums.

The first tip you should know in regards to car insurance is that the style of car you drive is a major factor in the premium you pay for insurance. They talk about saving money by being more efficient at this blog. That’s right! A two door car is considered a sports model and will cost you more to insure than a four door sedan. You may wonder why a two door car is more expensive to insure. The truth of the matter is that a two door model car is more expensive to fix than a four door model car. Watch buying a car with letters behind the model as they can also raise the car insurance premium you expect to pay. If you don’t need a four wheel drive auto then think twice before buying and insuring one because a four wheel drive can add dollars to your car insurance premium also.

The second tip you should know in regards to car insurance that can lower your premiums would be your age. Many car insurance companies give discounts for student driver’s and if you have a teenager in the house this could save you hundreds of dollars a year. If you are a young man of twenty-five or older your premiums will be lower than your younger counterparts. Car insurance companies often offer discounts for senior citizen driver’s with good driver’s records.

The third tip you should be aware of is that if you own a home or are buying a home you qualify for a homeowner’s discount and that can save you as much as ten percent on your policy. If you don’t own a home you can still benefit from this discount by having a renter’s insurance policy that can be purchased through the same car insurance agent. Best yet you would still qualify for the ten percent discount. Multi discounts are available if you just know how to ask for them.

The fourth tip you should know about is the difference between full coverage and liability coverage. Full coverage includes comprehensive and collision and protects you against damages from an accident that includes bodily damage to your car. Liability coverage does not cover your car’s bodily damage in case of an accident but only the other party. Full coverage is only required if you have a loan against your car of $1500 or more. Do you need roadside service? Do you need rental coverage? Applying the right coverage amounts with discounts can save money on car insurance premiums.

Did you know that you can save money on car insurance by having a good driving record? There are usually programs in place that promote having a good driving record. Having a good driving record makes sure that your car insurance premiums will be lower. Finally, your good driving record will keep you from getting in trouble.

Usually, most states have programs in place for high school seniors to gain some type of reward for maintaining good driving records. Basically, this is because students who have good driving records automatically cost their parents less money when they are added to the insurance. This benefits everyone in a number of ways. Primarily, for all practical purposes, these programs give students the incentive to motivate them to make sure that their driving records remain clean.

People who have good driving records generally pay much, much less for insurance than people who have poor driving records. For example, when an insurance company is looking at whom to insure, they will look at several things. They will ask, “Does this person pose a threat to our insurance company? Are they reliable drivers or fly-by-night drivers who will take risks and endanger the company, by making us pay more out of our pool of eligible applicants for insurance?” Insurance companies take these things into account, and it is no wonder. A staggering percentage of accidents usually happen when drivers with poor driving records are involved. Usually these people have no insurance and they are driving on the road illegally. So, when they get in an accident, they either drive off or do not want to communicate with the other party in the accident due to the fact that they do not have insurance. This isn’t necessarily always the case but it happens a great deal.

Last, but not least, one’s good driving record will definitely not only lower the cost of your insurance, but it will help to serve as a permanent record that shows your good standing within the community. People with good driving records are more likely to be able to do a plethora of things and go more places because they really don’t have any liabilities. People with poor driving records who show up in court are more likely to be criticized by the courts and harangued and harassed in public. They are more likely to involve themselves in crime (although not necessarily), and people who have poor driving records tend to take more risks and be more socially deviant. People with poor driving records take unnecessary, versus calculated, risks, and they are more likely to have accidents. Thus it is not surprising that people with good driving records have much less to fear than people who have poor driving records.

Obviously, there are many reasons why you will save money on car insurance by having a good driving record. Just three of these theories have been proffered here. You can decide for yourself what is the best choice in this regard.