Car insurance is a major expense for any American consumer; depending on your driving record, the type of car and how much you drive, it can cost at least $1,500 a year. However, that doesn’t mean that you are locked in at that rate, and there are often plenty of ways that you can get the same car insurance for less. Here are three surprising ways you can save on car insurance.
Look for Discounts
Insurance companies offer many unexpected discounts that can add up to save you a lot of money. For example, many insurance brokers offer a variety of discounts for new drivers, safe drivers or drivers who make multi-year commitments. To determine where you can find such a plan, you’ll need to do a little bit of legwork. Scour internet forums or places like Reddit, do a Google search for “car insurance discount,” and make a few phone calls to local brokers to determine where you can find the best options and whether those type of discounts will help your financial situation.
Bundle Other Insurance Plans
Insurance companies will often give a discount if you use them for more than just car insurance. This allows the insurance company to provide you with a financial incentive to do more than just one type of business with them. In addition to saving you money, it can also make your life easier. With bundled plans, you only have to watch out for communications from one company and make payments to one place.
Ask
As any person involved in sales can tell you, you don’t get the order you don’t ask for. It is often possible to save on your car insurance by calling brokers, asking for their price, and then later calling back and saying that you did comparison shopping and are looking to see if they can match or beat another offer. Remember, the worst they can say is no, and at best, you can potentially save yourself hundreds of dollars a year. Saving on car insurance doesn’t take a degree in rocket science; it just requires you to be a smart and savvy consumer. This means taking the time to make a few extra phone calls, do your research and determine the best strategy for your driving needs and your current financial situation. Thankfully, with a little bit of effort, you can save a good amount of money on your car insurance.
