Car insurance prices can make up a sizable chunk of your overall transportation costs, so getting the best price possible is important. When it comes to Car Insurance Lacey has dozens of companies that can keep your car covered in case of an accident. No matter which one you choose, there are several ways a smart driver can spend less on insurance.
Raise Your Deductible
A deductible is the amount of money you’ll pay out-of-pocket if an accident occurs, and raising your deductible is one of the best ways to significantly decrease your insurance premium. Studies show that raising your deductible by as little as $300 can drop your premium costs by up to 30%. Just make sure you have money set aside to cover your deductible increases in case an accident does occur.
Watch Your Credit Report
Car insurance companies are using credit reports more frequently to determine rates for their customers. If your credit is less than perfect, it could be raising your insurance premium. Taking the time to settle any delinquent accounts and fix any errors on your report can help you save significantly on your Car Insurance. Also, be sure to pay your bills on time. Something as simple as a few late payments can negatively impact your credit score and consequently drive up your insurance rates.
Take a Defensive Driving Course
Defensive driving courses are relatively inexpensive, and they can drop your insurance premium by up to 15%. These courses will reacquaint you with your state’s driving laws, and teach you important skills that can help prevent an accident. Check with The Department of Motor Vehicles to find a class that’s available near you, and be sure to speak with your insurance agent to make sure they offer a worthwhile discount.
Ask About Special Discounts
There are many different insurance companies competing for a driver’s business, and this has caused many agencies to offer special discounts to entice customers. Many companies offer substantial discounts to drivers with a clean driving record, for example. Discounts can also be available for students and senior citizens. Loyalty programs are also becoming common, so staying with the same company can sometimes lower your premium year after year.
When it comes to Car Insurance Lacey residents don’t have to break the bank to keep their cars safe and legal. Using the ideas above can save you hundreds of dollars each year on your auto insurance.
