5 Ways To Lower Your Car Insurance Premium

5 Ways To Lower Your Car Insurance Premium

5 Ways To Lower Your Car Insurance Premium. Are you looking for ways to lower your Car Insurance Premium? Automatic insurance rates can increase depending on factors that include your age, past driving records, and other factors such as credit history. However, the trick is to find ways to reduce annual payments. We have provided you with the 5 fastest ways to reduce your Automatic Insurance Premium.

5 Ways To Lower Your Car Insurance Premium
5 Ways To Lower Your Car Insurance Premium

1. Increase your deductible
Stop trying to get the 'lowest cut', instead enter to get a higher and more convenient pocket payment package. 'Deductible' is the amount you will pay before your insurance policy enters. This is an easy way to reduce your regular premium amount, however, be warned, in such cases, if something happens to your vehicle - you have to pay more to cover the initial costs, before entering for a claim.

2. Park your vehicle in the garage
One of the simplest ways to reduce insurance premiums is to park your vehicle in a garage, private or commercial company. This helps in breaking down, in some cases, close to 20% of the premium. In the garage, the chances of your vehicle being stolen or hit are much lower. From a transaction perspective, parking in a garage can mean the difference between preferred rates and standard rates.

3. Shop and bargain
Nothing beats the 'traditional shop to bargain'. Make sure you have at least three to four price quotes, before repairing service providers. Make sure you don't shop for the price, but the whole deal.

4. Follow a Defensive Driving Course
Not many people know this. By volunteering for state-approved defensive driving courses, you can take advantage of discounts in premiums of up to 10%. However, cross check with your insurance company about this.

5. Coverage Coverage
Well, downsizing coverage is probably the easiest way to lower your car insurance premium. However, we advise you to be careful and wise when making this decision. This might save money, but, it will also limit coverage.