Back in September, I went on a trip for two weeks with my sister. We didn’t have much internet access, and during our trip, I remembered something incredibly important that I had failed to do before we left. I forgot to pay for my car insurance.
Bummer! Because of this silly mistake, I lost the loyalty discount that I had with my insurance company. Luckily, that was one of several ways that I had saved money on my car insurance over the past few years. Today, I’m going to share with you three other ways that I save big bucks on my car insurance every year.
1. Maximize your insurance’s safe driving programs. First off, you need to be a safe driver in order to get the best discounts available. Being a safe driver isn’t only accomplished by avoiding tickets and accidents nowadays. Many insurance companies will give discounts if you take classes for safe driving, which is always worth the time you invest in it. Some insurance companies have started utilizing technologies that can track how you drive. These technologies keep track of how quickly you start and stop, how fast you drive, and other various things that could potentially be unsafe to you and those around you. Then, the insurance company receives that information and keeps track of it, which helps the insurance company determine what kinds of discounts to give you.
2. Consider carpools. Or walking, because walking is good for you. What do carpooling and walking have to do with saving money? Car insurance companies will ask you how many miles are on your vehicle every time you renew. The reason? So that they can evaluate how much you drive. The more you drive, the more chance you have of having an accident. They won’t charge you extra if you drive more than the national average (10,000 to 12,000 miles a year), but if you drive significantly less than the average, you may get a nice reduction. So, instead of driving everywhere, consider carpooling, walking, and/or public transportation.
3. Pay for several months at a time. I always pay for my car insurance several months at a time. Many car insurance providers offer a discount for people who pay for 3, 6, or 12 months at a time. My insurance provider offers a large discount for paying 6 months at a time that is essentially paying for four months and getting the other two for free. Sometimes it’s difficult to pay that much at a time, but if you can swing it, do so!
So, as we get to the end of the year, maybe it’s time to reevaluate your car insurance. Is your premium at the price you want it to be? Is there anything you can do during the new year that can help you reduce your insurance premiums? Car insurance is a significant part of your budget, so why shouldn’t you get the most for your money? Have a great week and a happy new year!