Three years with a clean record.
Keeping your driving record clean for three years with no moving violations and no accidents will qualify for a “good driver discount”. Some insurers will discount the safe driving record up to 25%.
Buy only the coverage you need.
Determine your car value by checking Kelley Blue Book values. When the value of your vehicle is worth less than $3500 consider the risk of dropping comprehensive and collision premiums from the policy. At this point the cost of having comprehensive and collision plus paying any deductibles due to any collision, theft or vandalism will out weigh the value of your vehicle.
Consider your financial status before making this decision. If you have funds needed to repair the car, drop the coverage. Otherwise keep these coverage’s until your finances are better. Consider keeping collision coverage if you still have an outstanding loan on a car. In fact most lenders require that you carry this coverage for the balance of the loan.
Get on you parents policy through college.
If you are a parent, you can add the son or daughter to your policy which will not be as expensive as an individual policy.
Select the appropriate vehicle.
The vehicle you drive can also make a huge difference in the premium. The vehicle does not necessarily need be old, however it should have up-to-date safety features. You can get a list of the safest cars from Insurance Institute for Highway Safety.
Raise your deductibles.
By raising your deductibles to $1,000 will make a big difference in your premiums.
Comparison Shop.
Remember auto rates are adjusted frequently for geographical areas, clean driving records, accidents etc. As these insurers adjust their pricing strategies, rates differ radically from company to company. Young people know the best ways to find the lowest prices on car insurance is to have car insurance companies compete for your business and compare these rates side by side without compromising quality. Why pay for the same coverage’s for as much as $575 a year more. Each year you should comparison-shop; it is one way to keep your rates affordable. Compare Car Insurance Now has done all the leg work checking the best rates from top insurance companies and placing all the information you need on one site.
Comments are closed
