Streetsmart insurance Blog
Auto insurance is mandatory in almost all states. Men below the age of 30 usually fall into the highest risk category of drivers. Thus, they usually end up paying the highest premiums. However, in spite of classifications, there are many more ways to reduce your car insurance costs. Here are some tips that can save you, even thousands of dollars every year on car insurance.
Shop Around for the Best Rates
Always shop around for the best car insurance rates. Get quotes from as many car insurance companies as you can. If you already have car insurance, find ways to switch to a cheaper and better option. However, take note that cheaper is not always better. Thus, make sure that you compare coverage size and benefits for each policy. That should help you make a better decision.
Go for a Private Settlement for Minor Accidents
If there’s not much damage to your car during a minor accident, it’s better to choose private settlement. If you have decided on a mutual settlement, it could save both of you the trouble of filing an insurance claim. This is useful in a case where you have to shell out money first before your car insurance pays out your claims.
Get a Smaller Car
Huge SUVs will always have higher premiums for car insurance. Some insurance companies offer discounts in case you buy hybrid vehicles. Get information from your car insurance company on premium differences depending on the car you buy.
Buy a Dual Year Policy
Go for two-year policies if you want. This is good if you want lower premium payments from another insurer during your second year. If you're a 30-year-old male driver, you can take advantage of the two-year policy through savings in your annual premium. You can also take advantage of lower premiums, even if market prices fall in the next 12 months.
Save on Insurance by Driving Safely
If you practice mindful driving, then you can cut down on costs from accidents. The more conscious you are when you drive, the more you can prevent accidents. Avoid in-car distractions, including naughty children that you continuously have to scold.
Some Final Words
It’s not easy paying your car insurance costs, but it will give you peace of mind. Before you get a good car insurance policy, make sure that you’re not on the losing end. Save as much on premiums as you can.
At StreetSmart Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (732) 462-8343 or Click Here to request a free quote.