We all know that you can save on your car insurance by only buying cars that insurance companies love – but, there are ways that you can save on your premiums no matter what car you’re driving.— in some circumstances. Raising deductibles on collision and comprehensive coverage can save you up to 20 percent on policy premiums. venbsp;older cars. > ily cars is, say, 5 or more years old and you’re still carrying collision on it, you may be paying for coverage you don’t need. Consider dropping collision and even comprehensive coverage on vehicles worth only a few thousand dollars. If the car is in an accident or stolen, your insurance company won’t pay more than the book value, anyway, no matter how much you might think it’s worth. Check one of the used-car price guides for an idea of what your car is worth. If your insurance agent doesn’t have such a guide, you can find many online. feyou’re retired and 55 or over. Some also carry a senior adult discount–an additional saving if you’re over 65.
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- On self-activated alarm systems, you generally get a 10 percent discount, and on others, 5 percent.
If you l ceowner policy along with your car insurance, you can get an additional discount, often 5 percent on each policy.
Pernsent-free” or “careful driver” discount if you’ve had a clean driving record for a certain number of years–usually three to five, depending on the company. You’ll save roughly 5 percent.
Sure, style, feat be of a new car. But you’ll also want to compare safety features and the effect on your insurance premiums as well. If you don’t, you could be paying a lot more than you’d planned long after you’ve handed over the purchase price.
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Most insurance companies haraased on the company’s assessment of what different types of cars cost to repair and which are likely to attract thieves. If the car you choose devours money when it comes to repairs and asks to be stolen, expect to pay higher insurance premiums.
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