Streetsmart insurance Blog
Insurance is essentially money you choose to spend in case something unfortunate happens to you, your home, your belongings, or your loved oens. However, while it is better to be safe than sorry, there are some insurance policies that can be made cheaper.
Car insurance is one of those policies that has a lot of “wiggle room” to keep it at a lower price. Here are some tried-and-tested tips how to do that:
Older Cars Need Less Coverage
As the miles rack up on your car (or if you bought a used car), its value is lowering. So, why not reduce the coverage or even remove it? This is a basic cost-benefit scenario. Is it worth it to keep paying insurance for a car that has outlived its value and can now “retire”? Also, older cars tend to be used less so if it is getting less time on the streets.
Get a Package Deal
Most insurance providers will give you a discount if you get multiple insurance policies from them. You get many advantages to this. First, you get discounts for all insurance policies you get. Second, you will be talking to only one company regarding all your policies. You save both money and time.
Get a Bulk Insurance Deal
Aside from getting a package deal, you can add the discounts by getting a bulk insurance deal. If other family members are also in need of car insurance, then why not get from the same provider? The provider too will most likely agree to your haggling since he/she will get more than one clients in exchange for that.
Go for a Higher Deductible
A deductible for auto insurance is the money you pay to your insurance provider before something happens to your car and the insurance takes effect. If you have a higher deductible, you will reach the target amount faster and be covered 100% faster too for the rest of the calendar year.
A Good Credit Record Means Lower Insurance Costs
If your insurance provider sees you are financially unstable, they will increase your insurance costs since they always overcompensate for any signs of risks. This is how insurance policies work. Therefore, if you maintain a debt-free, error-free, and generally healthy credit record, not just your auto insurance but your other insurance will be cheaper.
At StreetSmart Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (732) 462-8343. You can also request a free quote by CLICKING HERE.