We all need insurance. Even though it can be expensive, going without car insurance isn’t something any driver should be considering because accidents happen. Whether it’s another driver or poor road conditions, there’s a chance that something is going to happen to you and your vehicle at some point. At OWLFI, we can help you find the car insurance coverage that fits your needs. In addition to finding a policy that fits your needs, we can help you find ways to lower your auto insurance rates. Keep reading for six tips from our team to you.
Be a safe driver
A good driving record is the first step to lowering your insurance rates. This is because the more you have to use your car insurance, the higher your premiums will be. This means that smart and safe driving will help to keep your insurance rates low. Some tips for safe driving include:
- Drive the speed limit
- Don’t drive distracted
- Pay attention to your surroundings
- Follow the three- to four-second rule
- Think safety first
Ask about mileage thresholds
You can save on your car insurance if you don’t drive much. This makes good sense because the less you drive means the less likely you are to get in a car accident. Somebody who commutes an hour to and from work every day is going to have a higher rate than someone who works from home. While not all insurance companies provide a daily mileage discount, you can ask your insurance agent about mileage thresholds to find ways to save on your premium.
Consider the type of car you drive
Not all vehicles are created equally. Should you get in a car accident and need significant bodywork done, a Chevrolet Malibu is going to be much more cost-efficient than a Porsche Cayenne. If you’re shopping for a new vehicle, take into consideration your insurance rates. On top of your monthly car payment, your insurance rates will be an added cost.
The amount of your deductible will play a major role in the overall amount that you pay for your car insurance. For example, if you have a $500 deductible, you’re going to have a higher insurance rate than if you have a plan with a $1,000 deductible. This is because your insurance company is going to want to bank more money against what you’re paying each month should you need to file a claim.
Improve your credit
In addition to having a good driving record, your credit score will go a long way to deciding your insurance rates. If you have a track record of making payments early or on time, your car insurance company is going to reward you with a more affordable rate. However, poor credit can lead to a higher rate.
Trim your coverage
Insurance coverage is like a meal. The more you have, the more you’re going to pay for. If you go to a restaurant and order appetizers, an entree, and a dessert, you’re going to pay more than if you simply order an entree. The same goes for insurance coverage. While liability insurance is generally required by law, you can trim down your coverage so that you don’t include things like medical payments coverage or even collision coverage.
To learn more about how you can save on your car insurance rates, contact our team at OWLFI today. We’re experts in insurance coverage and will help you find the best policy for your needs. Our team can provide you with advice regarding insurance plans. Give us a call at our office nearest you or send us a message using our online contact form. We’re here to help you.