How to Save Money on Car Insurance

Posted by Excite Credt Union on Dec 11, 2023 2:39:48 PM

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Learning how to save money on car insurance is a must, and at Excite Credit Union, we're dedicated to assisting you in reducing expenses while maintaining the coverage you need. Discover how to trim your car insurance costs with us in a way that's as easy as a Sunday drive.
Shop Around for the Best Deal: Start by window shopping for car insurance. Different insurance companies offer various rates and discounts. Get quotes from a few different insurers to find the best deal for your situation.

Bundle Your Policies: Think "buy one, get one" deal for insurance. Many companies give discounts when you bundle your car insurance with your home or renters insurance. It's a simple way to save on both policies.

Drive Safe and Keep Your Record Clean: Driving safely isn't just about avoiding accidents; it's about saving money on your premiums. A clean driving record with no accidents or tickets can lead to lower insurance rates.

Choose a Higher Deductible: Think of your deductible as the part of the bill you agree to pay when there's a claim. If you have a loan on your car, check with your lender for the maximum deductible amount.

Drive Less, Pay Less: If you're not driving much, you might be eligible for a "low-mileage" discount. Less time on the road means less risk, and that can mean a break on your rates.

Lock It Up with Anti-Theft Gadgets: Install anti-theft devices like alarms or trackers on your vehicle. Not only do they deter thieves, but they can also score you some savings on your insurance.

Maintain Good Credit: Believe it or not, your credit score can play a part in your insurance rates. Keep your credit in good shape to enjoy lower premiums. Pay your bills on time and manage your credit responsibly.

Review and Adjust Your Coverage: Every now and then, take a peek at your car insurance coverage. If your car has some miles on it, you might not need that pricey comprehensive coverage. Adjusting your coverage can save you some cash.

Defensive Driving Pays Off: Signing up for a defensive driving course isn't just a smart move for safety – it can also lead to insurance discounts. Ask your insurer about approved courses in your area.

Ask About Discounts: Insurance companies have a stash of discounts waiting for you. From safe driver perks to good student savings, it's worth it to ask your insurer about discounts that you might be eligible for.

Car insurance should protect your wallet, not drain it. By following these easy tips, you can balance coverage and affordability without a hitch. You may want to check out the Insurance Services Excite has to offer as well.  So, take a spin and explore your options, chat with your insurer about potential savings, and hit the road to a budget-friendly car insurance plan. Your savings are just around the corner!

Topics: Budgeting, Talking About Money, Auto