How to Save Money on Your Car Insurance
Discounts, promotions, bundles… There are so many ways you can save money on your car insurance! By understanding how you can get these savings, you won’t have to break the bank on your coverage needs. Below are the top ways you can save money on your car insurance.
Bundle your insurance
By using one company for multiple policies, you can expect big savings. This includes bundling auto, property, life, business, etc. Additionally, you can put all your vehicles under the same policy and save up to 25%. When you do this, you’ll still be able to customize each vehicle’s coverage.
Keep young drivers on a parent's policy
A teen driver on their own policy will cost more than them being on their parents’ policy. Expected savings vary between 62% and 66%. That’s savings of about $500 to $3000! And like with anyone, a teen with a good driving record will receive the best rates.
Update your policy details
Reviewing your car insurance policy to ensure the details are all up to date is important. Have you recently moved, gotten married, or become a homeowner? Major changes like this can reduce your insurance rates! Even small details like your car’s trim level or where you park can help you get further discounts.
Take advantage of discounts
There are many discounts out there that companies tend to offer. Here are some common ones:
Loyalty discount: You may be eligible for a loyalty discount if you’ve kept consistent coverage with the same insurance company for a number of years.
Low mileage discount: Driving under a certain number of miles each year could save you.
Profession-based discount: Having a specific profession, like being an educator, lawyer, doctor, or something else, could mean more discounts.
Good student discount: By having good grades, typically at least a B average in school, young students can sometimes receive discounts on their car insurance.
Safety feature discount: Driving a vehicle that has safety features can save you money. Features such as anti-lock brakes, an anti-theft device, etc.
Pay attention on the road
This might be the most obvious on the list, but paying attention on the road and being a safe driver means fewer accidents and violations, keeping your insurance rates low. Additionally, some companies offer “safe driver” discounts depending on your driving record.
Speak to your agent
In addition to the savings listed here, ask your agent if there are any specials or company offers that may benefit you. You can find that there are usually a number of ways to get the best prices for your circumstances.
Centro Hispano is here to help. Call us today so we can find ways for you to save!
