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Here are seven ways to help you save money on car insurance.
1. Pick The Right Insurer
The first step is to make sure you’re working with the right insurance company. Some insurers may have lower premiums, but they can end up costing you more because they lowball cost estimates or force you to to pay extra for original-equipment replacement parts, according to Consumer Reports. In a survey from the company, they found that USAA, Amica and NJM were among the highest rated groups for satisfaction.Check out Best Auto Insurance Companies Near Me
2.Inquire About Discounts
Car insurers offer a number of discounts for people who they deem to have low-risk lifestyles. These discounts apply to people such as students with good grades, older drivers who have taken a refresher course, any driver who takes a defensive-driving course, and members of affinity groups, such as college alumni and certain occupations and professions.
3. Adjust Your Deductible
Setting a higher deductible can reduce your monthly payments, as you just end up paying more when you have a claim. If you have a history of safe driving, this option is a good bet for you. Hiking your deductible from $200 to $500 can cut your premium on collision by 15 to 30 percent, according to Consumer Reports. Set a little money aside each month in your savings so that you’re covered should anything happen.4. Cut Down On Driving
Whenever possible, carpool with others, take public transportation or walk. Most insurance companies track mileage, and you get the lowest rates when you drive fewer miles. If your routine has changed and you’ve cut down on your driving, let your insurance company know.5. Combine Your Policies
Insurers offer discounts on car insurance when you also buy other types of insurance from them as well, including homeowners insurance, renters insurance and life insurance. By combining policies, you lower some of the insurance company’s risk, which is what allows them to give you bigger discounts.Check out Best Auto Insurance Companies Near Me
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