Hopefully you have renter’s insurance for your apartment in Glen Allen, VA. If you own a car, you surely have car insurance, but are you looking for ways to lower your car insurance costs? Here are some ideas:
1. Don’t pay for more coverage than you need.
If your car is more than 10 years old, and you have collision and comprehensive coverage, you may want to look at dropping that coverage. You may cut your premium by 20% percent or more.
2. Bundle your policies.
Many insurers offer discounts if you buy at least two policies from them. A combination would be car and renters insurance policies. Discounts can be substantial.
3. Ask for discounts.
You may be eligible for discounts based on age, driving record, memberships or other considerations. Drivers who are 55 and older typically qualify for a senior discount. If your household includes teen drivers, they may qualify for “good student” discounts. Online defensive driver courses may also reduce your premium.
4. Be sure your rates are based on accurate information.
Your car insurance company will determine your rates based on factors such as your age, driving record, geographic location and driving habits. But if something has changed that could reduce your rates, you’ll want to make sure your car insurance company knows about it.
You may also lower your rates if you now work from home rather than at an office and are driving far fewer miles each week.
5. Shop for a better deal.
If you think you can get better coverage for the same amount or less with another insurance company, obtain quotes and talk with several insurers. Many consumers fail to look around for lower car insurance rates — and could be paying higher premiums as a result. If you’re displeased with your current insurer, tell the company that you’re considering a switch. The insurer may want to give you a price break to hang on to your business.
6. Guard Your Driving Record.
Points on your license mean higher insurance rates. It’s worth your while to go to court to get points reduced on infractions.
7. Raise Your Deductibles.
Consider a $500 or $1,000 deductible–that’s the amount you must pay when there’s claim–and you may save hundreds.
ABC News Consumer Report