Thursday, August 22, 2019

Car insurance - Tips and tricks to lower your car insurance

Cheap car insurance is not necessarily the best car insurance, but there are a number of things you can do to lower your insurance risk and get cheaper car insurance. Here are some tips to follow.

1. Security

Car security is one of the most important things that most insurance companies look at. This includes alarms, location and security devices. So you are probably wondering well I don't want to spend money on a new alarm. Well location of where you store your car matters. Always place your car in a secure location such as garage. In addition, zip codes matter. Certain locations have lower premiums than others and really depends on the crime rate for that zone. Do some research and register your car in a safer zip code if possible.

2. Buy a popular car

Insurance companies prefer to insure common cars. Why? Because more of the same car make production cheaper which in turn make parts for that car cheaper. In addition, there are more shops that can repair the car thus lowering the price to fix them.

3. Safe driving and mileage

The more you drive the more you pay. Its that simple. Insurance companies know that when you drive more you are more likely to get into an accident. This is so important to car insurance companies that there are new insurance companies that charge per mile! This is an interesting proposition as you pay for how much you use and get a security "feature" for free. Well you ask how do they do that? Well these companies will send you a device to add to your car port which sends a gps signal similar to how your phone works. I have this type of insurance and really like it.

4. Add a safe driver

Insurance companies figure that if there are more than one driver then that means that you cant use the car all the time. Add a "safe" driver to the policy it can lower your premium!

5. Shop around

This is a must. Each car insurance has their own risk model to determine your car insurance. Based on your risk profile your insurance can be cheaper with one company over another. Shop around to at least 3 carriers before making a decision. This is also important to do on a annual basis as car insurance rates change but so do insurance risk models. Sometimes one year older in age can make a huge difference in your car insurance. 

That's it for now! More to come.... and in the meantime STAY SAFE! 

admin@agilecarinsurance.com

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