3 Options That Can Help You Save Money On Auto Insurance
One of the hardest parts about having auto insurance is finding ways to keep the costs as low as possible without sacrificing coverage. Listed below are just a few options that are available to you that can help you get auto insurance discounts.
Drive Fewer Miles
A simple way to lower your auto insurance costs is to consider driving fewer miles every year. In many cases, auto insurance companies will offer lower rates to those drivers who put fewer miles on their cars every year.
This is a great option to discuss with your insurance agent if you only tend to use your car for a short commute to work and to run errands around town, or if the vehicle that you are insuring is not going to be your primary vehicle. In most cases, you can qualify for a low-mileage discount if you fall under a certain mileage cap, which is usually between 7,500 and 15,000 miles per year.
Improve Your Credit Score
One way to make sure that you are not paying more for your auto insurance than you absolutely have to is to try and keep your credit score as high as possible. In many cases, an auto insurance company will run a credit check before providing you with a quote for coverage.
If your credit score is low, you will end up paying more per month to insure your vehicle than someone with a mid-range or high credit score. For example, the price difference for auto insurance between a driver with a good credit score and drivers with the best credit scores can range between $68 and $526 a year.
Always Have Auto Insurance
Finally, one of the easiest ways to save money on your insurance rates is by making sure that you never have a lapse in coverage. When you do have a lapse in coverage, many auto insurance companies will use that as a means to increase your rates, even if the lapse was only for a few days.
In order to avoid this, make sure that you do not cancel any auto insurance coverage if you are switching insurance companies until after the new insurance has taken effect. Sure, this can result in an overlapping auto insurance payments, but that is a small price to pay in order to avoid higher rates for months or years due to a short lapse in coverage.
Contact your insurance agent today in order to discuss how you can qualify for auto insurance discounts. By driving fewer miles, improving your credit score, and always maintaining auto insurance coverage, you can qualify for a number of different discounts that can dramatically lower your auto insurance costs.
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