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.