Ways to Avoid Overpaying for Car Insurance

Car insurance can be a major expense for even the most affluent driver, but having it is a non-negotiable. With so many companies all claiming to be the best, is there a way to get good insurance without spending a fortune? The answer is yes, and many of those ways are simpler than you might think. By following the guidelines below, you can the coverage you need at an attractive price.

car-insurance (1)

Remove Rental Insurance

If you rent a car while on vacation, your insurance will cover you in the event of an accident or collision. Car rental insurance tends to only be beneficial in two ways:

  • It sometimes removes or greatly reduces your deductible
  • While your rental car is being repaired, it cannot be rented out to other consumers. Car rental insurance protects you against this liability.

If you pay for your rental with a credit card, you may not be responsible for any damages at all. Depending on your needs, skipping out on the rental coverage may be an appealing option.

Reconsider Towing Coverage

Getting rid of towing coverage may seem like a bit of a stretch to many people, but it can reduce your overall insurance costs. If you drive a new vehicle, or you regularly maintain your current car, towing coverage may not be worth the charge. Remembering to keep plenty of gas in your car can also be helpful. One tow typically costs around $100, and in the event of a collision, towing is almost always offered.

Raise Your Deductible

The deductible is the amount you must pay before your coverage officially begins. If you select a higher deductible, you will have higher out-of-pocket costs, but lower insurance rates. Motorists with safer driving habits may want to consider this option. If you drive an older car, usually over 10 years old, you may not save as much on insurance as a driver with a newer car.

Plan Ahead

By shopping ahead, many drivers are able to accurately predict insurance costs and find ways to reduce them. Before purchasing your next vehicle, get a quote from a reliable agency. This will allow you to choose the car that will provide the most insurance savings instead of leaving everything to chance. It is nearly impossible to estimate insurance costs based solely upon the type of car you are considering. Understanding the cost of car insurance in Denver beforehand may be able to prevent overpaying.

Pay Attention to Safety Features

The safer your vehicle is, the less it will cost to insure. Insurance companies tend to offer lower rates if your vehicle possess up-to-date safety features. Features such as anti-lock brakes, daytime running lights, and passenger airbags can all reduce your insurance costs. If you drive a car with these features, insurance companies will have to spend less on your medical bills in the event of an accident. Before purchasing your policy, check for a list of desired safety features – many companies offer lists of safe cars. It is also essential that you then maintain these features to, most importantly, protect you and your passengers, but also reduce the risk of failing your MOT. Using professionals like Safety Restore to fix issues related to your airbag and seatbelts could make the world of difference to your insurance and MOT in the future.

Do Your Homework

Although all of these methods offer potential savings, researching and asking questions are the most effective methods of understanding how you can reduce insurance costs. Many companies may offer additional discounts, especially if you combine multiple policies. No one wants to pay more for insurance than they have to. By doing your homework and comparing your options, you simply don’t have to.