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Saturday, May 11, 2013

How to save money on car insurance

Getting a car insurance can cause you a lot of headache and make you pay more than you planner, so it’s no wonder many people are dreading the day they will have to renew their policy. The best possible advice on choosing the right car insurance comes from experts that work in big insurance companies that agreed to sharing some of the less known tips and tricks to help you save time and money when making your pick. We’ve got you a couple of things to pay attention to when choosing the best car insurance.

Never go for the monthly paying option

Even though it might sound good at first as you don’t have to pay a large amount of money at once, the monthly paying plan has got a lot of disadvantages. First of all, you will be charged an extra amount of money every month that goes from $3 to $5 which ads to a nice sum over the year. If you choose to pay the whole amount of insurance money at once, you will most likely get a discount plus you won’t have to pay for monthly charges.

Shop around online

Comparing car insurance prices has never been easier thanks to the fact that most companies have their info online. There are dozens of sites that offer to help compare and search for the best prices, and even though it will take more time to sit down and go through all these offers, you might save up to a couple hundred dollars by just spending some time on online research.

Boost your driving skills

One of the best ways to save money on car insurance is to apply for a driving course like the Driving Standard’s Agency Pass Plus. This course is aimed at young, inexperienced drivers and proves very helpful, especially with lessons in night driving and motorway driving. The greatest thing about it is that most big insurance companies will offer you a reduction on your premium up to 35% after completing the course. It’s a great investment, so think about killing two birds with one stone and improving your driving skills while saving money on car insurance.

Don’t add inexperienced drivers to your policy

Nothing could affect your premium more than adding a young driver to the policy. The calculation of the policy will be done on the youngest driver, plus they won’t get a no claims bonus, so it’s best to keep them out of the policy.

Go for a mileage restriction

If you don’t use your car very often, picking the mileage restriction is a good idea. A reduction in just 5000 miles per year could save the average driver around $70 in premiums, and if you make a 10000 mile cut you’ll save even more. Unless you use your car to travel to work or for business, this could help save money without affecting your car use. Make a rough estimate in your yearly mileage and pick the policy that fits it.

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