Ways to Decrease Your Car Insurance Bill

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How to Decrease Your Car Insurance BIllWhen it comes to car insurance, finding the right coverage at the right price can take extensive research and planning. While some car owners may be diligent about researching their options, many find the process and options so overwhelming that they avoid shopping around altogether. If you’re hoping to put a few extra bucks back in your pocket, follow these tips to decrease your car insurance bill.

Shop around. First thing’s first. Take some time to compare rates across a number of car insurance providers. You might find that one offers particularly high rates, while another might offer a great deal. Don’t become complacent with your provider – analyze rates once a year to make sure another company isn’t offering better rates.

Ask for discounts. Most car insurance providers offer discounts for qualifying individuals. For example, your teen driver likely qualifies for a discount if they can provide proof of exceptionally good grades, and many companies also offer a low-mileage discount for drivers who don’t surpass a certain number of miles every year. Also check to see if you qualify for any discounts based on the safety equipment in your car (like anti-theft devices).  Sometimes groups and organizations qualify for other discounts (like veterans and teachers).

Choose a higher deductible. If you can afford to pay more in the event an accident does occur, we recommend opting for a higher deductible. You’ll pay less on a monthly basis, which means you can set some of that extra money aside so that in the event there is an accident, you’ll have the cash to pay the higher deductible.

Visit Edmunds.com to learn more!

Here at Fred Caldwell Chevrolet, we are here to help. If you’re looking for a safer or more affordable vehicle to help bring down your insurance rates, stop by today!

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