Insurance is one of those necessities that, while you know you have to have it, you hope you’ll never have to use it, and by making sure that you are adequately covered, you can go about your daily business and not worry about every little misstep you’re going to take. In other words, some of what you’re buying is peace of mind, and the freedom to go out into the world and not have to worry whether or not something, or someone, could ruin your whole life economically. Keeping the right amount of insurance on your car is important, but having too much coverage can be expensive and not really helpful. Let’s take a look at a couple ways you can save on your insurance next time you renew.
There are several different ways that you can reduce the risk of you having a claim on your car insurance, and one of those is to make sure that your car is kept off the street, and in the garage, most all of the time. It’s a proven fact, that the more time your car spends parked on the street, the more likely it is going to be damaged, vandalized, or stolen, so many companies offer discounts on comprehensive and collision coverage if you’re car’s kept in a garage when not in use. Being garaged protects your car from hailstones, falling branches, drunk drivers, children’s bicycles, and thieves, thereby reducing the chances of you having an insured loss. Most insurance companies will offer a discount for cars that are kept safely off the street.
Many times, a great way to save money, is to increase your deductible on comprehensive and collision coverage. Collision coverage covers just your car in the event that you have an accident that is your fault. If your not a person that tends to have a lot of accidents, then maintaining a high deductible on collision is an intelligent move for you. After just several years of paying reduced rates, you will have saved enough money to cover the cost of the deductible in case of an insured loss. In addition to that, many auto body repair shops will give you a discount that partially covers your deductible in order to gain your business if you do have an accident, but you’ll need to be sure and ask for it.
So there you have two great ways to save money on your car insurance. Sometimes it is worth your while to go online and enter different deductible amounts on the car insurance calculators available on the Internet to see how much it changes your final rate. You can easily do this on many different sites (like carinsuranceminimizer.com) that are now available and it can be quite informative.