If you’re like most people, you probably keep renewing your car insurance with the same company without too much thought about it. After all, searching for car insurance can be a chore, and it may not seem worth your time. In fact, you can save significant amounts of money, hundreds of dollars or more, by switching your car insurance. That money could go instead to paying off some annoying bills or going on a nice vacation. If you think of it as money you are essentially burning just to spare yourself a little inconvenience, you may be more motivated to find the best money-saving car insurance quotes. While it may seem to be a bit of a chore, setting aside a morning or afternoon to take care of this task will reward plenty of savings over time, putting your hard-earned money to better use.
BUNDLE YOUR INSURANCE
One of the best ways to get significant savings is to find out if you can include your auto insurance as part of a bundle with home and other types of insurance. Don’t stop after calling the insurers you already work with. Keep checking with other companies as well because it may be to your advantage to move all of your insurance over to a new company.
REVIEW YOUR COVERAGE AND DEDUCTIBLE
One problem with automatically renewing your insurance every year is that you don’t take stock of how your needs may have changed. Do you need all the coverage you have purchased? Are some things covered by home or other types of insurance? Can you raise your deductible? While this could end up costing you in out-of-pocket expenses if you are in an accident, it may be worth the gamble. Be sure to look at other elements of your auto insurance plan as well. For example, even things such as driving less, changing jobs or your credit score can affect what you pay.
ADD SAFETY FEATURES
Premiums may be lower with some auto insurance companies if you have a car alarm or certain safety features added to your car. If you are buying a new car, look at what types tend to have lower insurance premiums associated with them. An anti-theft measures you can take is having your vehicle identification number, or VIN, etched onto your windshield. However, you should avoid paying too much for this service. Some dealers will charge as much as $100-$200, but with a do-it-yourself kit, you can do it for far less.
The bottom line in all of this is that you should comparison shop for your car insurance. Auto insurance premiums may fluctuate wildly among different insurers and in different situations. Online tools can help you get information on a number of different insurers at once. Shopping around for car insurance quotes is nobody’s idea of fun, and it can be tempting to put it off until it’s too late and you have no choice but to renew with your usual insurer. However, the savings is worth the headache.
Photo Credit: Copyright 2018 Victor Mosqueda / Car Fanatics Blog