At Fontana Nissan we know that saving money right now is on everyone’s mind. Here are some great ways to help save you money on your car insurance.1. You Better Shop Around!
You might be surprised to find that many carriers’ rates differ from one another and for various reasons. Before you commit to one company it may pay to check out a few others no matter how low the initial quote may be. In fact, it often helps to take that quote you have now and find out which companies can better it. Remember, the buyer is king these days and they know it. Just like any other negotiation when it’s a buyer’s market they have the advantage!
2. Discounts, Discounts, Discounts
When you are shopping around be sure to ask what sort of discounts are available. Carriers will often provide discounts if you belong to certain groups or organizations, if your vehicle has certain safety or security features, and discounts for seniors or students that maintain a certain GPA. Be sure to start your search with a company that you use for other forms of insurance like your home owners, renters or other car insurance. Having multiple plans with one carrier will definitely be in your favor.
Another great way to save is to ask for discounts if you don’t drive many miles. Many carriers give a low mileage discount. Be sure to give the carrier the most accurate information about your driving habits. With all of these discounts you might think to yourself this carrier has a lot of room to discount. That’s because they do, the carrier with the largest discounts tends to still be the most expensive. So be cautious!
3. Check your Credit Score
More and more companies are checking your credit score to determine how much to charge you. Poor credit scores can significantly raise your insurance costs. Make sure you are paying your bills on time to maintain a great score and be sure to pull your credit reports every year to make sure your report is accurate. There could be a mistake on your report that is bringing down your score. Go to www.annualcreditreport.com to order your reports free of charge!
4. Raise your Deductible
A great technique for lowering your rate is to increase your deductible and taking the money you save from your rate and set it aside in case you need it for a claim. Once you have your deductible amount saved up you can then pocket your savings!
5. Avoid Interrupting Coverage
Do your best to avoid any stoppage in coverage. Insurance carriers will use this against you. Longevity of car insurance usually will have its rewards in terms of discounts but even the smallest amount of stoppage could cost you a lot. When switching carriers make sure there is no gap between the old carrier and the new one.
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