5 Secrets to saving money on car insurance
1) Don’t wait for your current policy to expire.
You can shop and switch anytime. Most people shop when the policy renews because it comes in the mail and you get reminded how much it costs, and if it when up or down. You gain nothing by waiting, so the best time to save money is always now.
2) Use an Independent Agency that shops dozens of companies for you.
Calling one company, or any company directly they try to sell you the only policy they have,” their company policy”. Call an Independent agent that offers dozens of companies, they don’t care what company you buy, and will compare them for you. They know the market, know your profile, they can play matchmaker, and get you the company that fit’s you best.
3) Go for a 12-month policy, not six.
This benefit is twofold. First if you get tickets or accidents during your term, the insurance company can only raise your premium at your renewal. Having your renewal (on average) twice as far away with a 12-month policy than a 6, it puts the possible rate increase twice as far away on average.
4) Pay your premium in full, if possible.
Almost every company has a pay in full discount between 7%-15%, and sometimes they won’t even tell you about it, so always ask. Most of the time you even have up to 30 days to pay after the policy starts. If you can pay half, and the 2nd half within 30 days, most of the time you can still get the discount. Always ask, and always pay in full if you can.
5). Early shopper Discount.
This may sound crazy, but insurance companies charge lower rates on those who plan ahead. So whenever shopping for insurance, don’t wait till the last minute. Most discounts are 7-10 days in advance, so 2 weeks, and you would be safe. This means when getting quotes always make sure the start date of your policy is at least 2 weeks in the future. This will get you a lower rate.