Sales: 888-980-7459    Facebook Twitter Instagram LinkedIn Pinterest
Left Arrow Swipe for more categories Right Arrow

Top 3 Ways to Save Money on Auto Insurance

on July 11, 2018
Top 3 Ways to Save Money - Top 3 Ways to Save Money on Auto Insurance

Top 3 Ways to Save Money on Auto Insurance

on July 11, 2018

Auto insurance is something we all are required to have as American citizens if we’d like to be behind the wheel. It can seem pretty overwhelming as you try to decide which insurance company can provide you with the lowest possible price. Here are the top 3 tips we’ve organized that will save you money on auto insurance:

1. Understand Auto Insurance

Your auto insurance will be either your best friend or your worst enemy in the incident of an accident. As you decide which company to commit to you should take a step back and understand the entire concept of auto insurance itself. It should be understood that like all insurance, auto insurance rates are assessed based on risk. Auto insurance providers calculate your likelihood of making a claim, therefore basing your premium on the level of that risk.

You should understand that auto insurance providers do not only base your risk on your driving history or experience, but also consider:

  • Your credit history (unless your state prohibits this)
  • Your occupation
  • Your age, gender, and marital status
  • Your vehicle’s make, model, year, and color
  • How many miles you drive per month or year

By understanding that the price you will pay is determined by these factors as well, you may be able to make decisions such as choosing a car that is considered “less risky” by insurance providers, or even wait until you have restored your credit score.

2. Raise Your Deductible

If you choose to raise your deductible on your car insurance, you will be able to lower your premium costs! The only downside of this is you will need to have enough cash set aside to pay the higher deductible if you do have to file a claim – but let’s hope that day never comes.

3. Bundle Your Insurances Together

Many companies can provide you with a discount if you purchase two or more types of insurance from them. These insurances can include life or homeowners as well as the auto insurance plan in question. This method can only be applied to those who offer it – so make sure to inquire with potential insurance companies to find out if this is something they offer!

Included Introductory Maintenance
Oil Changes, Brakes, Batteries + more!
Related Smart Buy Articles
on March 7, 2018
Let’s face it, when it comes to professions ranked by how much people trust them, mechanics rank high when it comes to the percentage of...
Read More
on February 11, 2019
When it comes to notable sales in the car industry there are little sales as popular as the Presidents Day Car Sales you will see...
Read More
Or Call 888-980-7459
By submitting this form I am giving DriveSmart consent to contact me by email or telephone at the telephone number(s) provided above even if I am on a corporate, state or national Do Not Call Registry. Note that this may include the use of an automated dialing system. I understand that consent is not a condition of purchase. The DriveSmart privacy policy governs our data collection policy.
×
Please correct all errors before submitting.
By submitting this form I am giving DriveSmart consent to contact me by email or telephone at the telephone number(s) provided above even if I am on a corporate, state or national Do Not Call Registry. Note that this may include the use of an automated dialing system. I understand that consent is not a condition of purchase. The DriveSmart privacy policy governs our data collection policy.
Thank you! An agent will be contacting you shortly.
© 2019 DriveSmart. All rights reserved.
Disclosure: DriveSmart offers Protection Plans or Vehicle Service Contracts (VSC) may be referred as “extended car warranty”, or “auto warranty”. A VSC is not a warranty but provides repair coverage for your vehicle after your manufacturer’s vehicle warranty has expired. The VSC contract is with you and the vehicles owner and the VSC provider or administrator that will state what is covered in each plan.