American Car Insurance We Can Afford
Car insurance is one of the most expensive costs involved in driving a car, and it’s not something you can avoid – a minimum level of insurance is required by law. However, don’t be fooled into thinking you just have to accept the quote your insurer gives you, as there are plenty of ways to significantly reduce your car insurance costs.
Shop around and buy online. Figures show that many people simply renew their current policies without shopping around. The wonderful world of the internet allows you to easily compare insurance costs of various insurers, so get looking today. On top of that, most insurance companies usually offer a minimum ten percent discount for buying online.
Look at what policy suits your particular situation. For example, if you go for third party, fire & theft, you can significantly reduce your monthly premiums compared to a comprehensive policy. Then, there’s the no claims discounts: Nearly all policies feature a discount that increases for every year you don’t make a claim. The more years you have not made a claim the better. It’s also possible to protect your no claims discount for the life of your policy, so that even if you had to make a claim, you would still be able to maintain your no claims discount level.
What about deductibles? The deductible on a policy is the amount of a claim you have to pay before the insurer pays the rest. Choosing to have a higher than standard deductible level will usually mean lower premiums. How secure is your vehicle is the next question to ask yourself. By fitting a proper alarm and immobiliser it can also reduce your premium. Parking you car off-road, for example on a driveway or in a garage, will also mean a cheaper policy.
Annual payments are the way to go. Many insurers charge you interest for the privilege of paying in monthly installments. Pay annually if you can afford it to avoid this, or look for one of the companies who don’t charge extra for monthly payment. Also, the more mileage you run up every year, the more your insurance will cost. Even if you can’t reduce your mileage, make sure you’re not overestimating how much you actually do drive, and give your insurer an accurate figure.
