Here are 7 tips on how to save on car insurance.
1-Drive less by carpooling, planning your trips and using public transportation.
2–Trade in for a car that is less expensive to insure.
3-Move. A new address can affect your premiums to go up or down.
4-Shop for better car insurance rates. Many companies are competing for your business and can offer you a lower rate if you ask. Sometimes just talking to your own agent can help you save money because they may be willing to offer you certain discounts to keep you as a customer.
5-Drive defensively. Some insurers give discounts for driving classes or having an accident free record.
6-Pay attention to your credit score. Did you know that insurance companies often look at your credit score before they issue insurance? Negatives on your credit score can directly impact the price you pay for auto insurance.
7-Follow the law. A criminal record, speeding tickets, or other traffic violations can prevent you from getting the lowest rates for insurance. This is true even if the crime is completely unrelated to driving or traffic violations.
A final tip could be to reduce your auto insurance coverage to save money in the short run. However, we do not recommend doing this because it could end up costing you more in the long run. Some people cancel their coverage due to economic reasons, but this exposes you to legal liability and financial risk in the event of a car wreck. Regardless of who causes the accident, being underinsured can put you at unneccessary risk. Consider the assets you stand to lose, your personal net worth, and how much money you have to fall back on, before you choose to reduce your coverage.
We at Keith, Miller, Butler, Schneider & Pawlik want you to know your rights. If you have been injured by an uninsured or underinsured driver, you have legal rights to compensation.
For questions about your rights, give Sean or Anna a call today at 479-621-0006.