5 Quickest Ways To Lower Your Car Insurance Premium

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Are you looking for ways to lower your car insurance premium? Auto insurance rates can spiral depending on factors that include your age, past records, driving and other factors such as credit history. However, the key is to find a way to lower the annual pay-off. We have stopped for you 5 quickest ways to lower your car insurance premium.
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Tip 1: Climb your deductible

Stop trying to get the 'lowest deductible', instead of going for a comfortably higher out of pocket payment plan. 'Deductible' is the amount you will pay before your insurance policy kicks in. This is an easy way to reduce the amount of your regular premium, however, be careful, in such cases, if something happens to your vehicle - you need to shell out more money to cover the initial cost, before going to the claim.

Tip 2: Park the car at the garage

One of the simplest ways to reduce insurance premiums is to park the vehicle in your garage, private or commercial establishment. It helps in the fight, in some cases, nearly 20% of the premium. In the garage, the chances of your vehicle getting stolen or sideswiped very low. From the transaction perspective, parking in a garage could mean the difference between the level of choice and standard levels.

Tip 3: Shop around and bargain

Nothing beats the traditional 'shop around to bargain'. Make sure you have at least three to four price quotations with you, before fixing on the service provider. Ensure that you are not shopping for price alone, but the entire transaction.

Tip 4: Take a Defensive Driving courses

Not many people are aware of this. By volunteering for a state-approved defensive driving course, you can take advantage of discounts up to 10% premium. However, cross check this with your insurance company.

Tip 5: Downsizing coverage

Well, downsizing coverage is perhaps the easiest way to lower your car insurance premium. However, we suggest that you should be careful and prudent, while taking this decision. This may save you money, but will also limit the scope.