You can save money on auto insurance by employing a variety of tactics. You can use some or all of these techniques once you know how much vehicle insurance costs you.
1. Benefit from Multi-Car Discounts
If you ask an auto insurance provider for a quote for a single vehicle, you may receive a higher rate per vehicle than if you asked about insuring many drivers or vehicles with that company. Insurance companies frequently give a bulk pricing because they want your business. In some cases, they may be willing to give you a discount if you commit to bring in more of it.
2. Pay Attention While Driving
To put it another way, drive safely. Although this should go without saying, in this day and age of heightened in-car distractions, it bears reiterating. The more aware you are, the fewer accidents or driving violations you will have to deal with—events that will raise your insurance premiums. Depending on your driving record, Travelers offers safe driver discounts ranging from 10% to 23%.
For those who aren’t aware, a motorist is usually given points for moving offenses, and having more points might result in higher insurance prices (all else being equal).
3. Enroll in a Defensive Driving Program
If you complete an official safety course, your insurance company may offer you a discount. By taking a defensive driving, accident prevention, or other course, drivers may be able to lower the number of points on their license.
Before you sign up for a class, make sure to ask your agent or insurance provider about this discount. After all, it’s critical that the time and money spent on the course result in a significant insurance savings. It’s also critical that the driver enroll in an approved course. Every state has its own rules for authorized defensive driving classes, which you can look up on GEICO’s website per state.
5. Take public transportation
When you apply for insurance, the company will often ask you a number of questions. One of the questions it may ask is how many kilometers you drive the insured vehicle every year.
Your insurance premiums will almost likely be greater if you drive three hours to work every day than if you only drive one mile. If possible, lower your mileage by using public transit, but keep in mind that you’ll need to reduce your mileage enough to qualify for a discount. Inquire about your insurance company’s various mileage thresholds so that your efforts aren’t squandered.