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How Can I Save Money on Car Insurance?

Tips on Getting the Best Deals on Car Insurance

Every driver needs car insurance, yet not everyone pays the same for coverage. No matter if you are shopping for car insurance for the first time or are wondering if you could be paying less every month, you will want to get the best deals. Here’s a few tips on how you can save money on car insurance.

Get Quotes from Various Providers

Insurance company A will likely charge a different rate than insurance company B, even if those rates are in the same ballpark. It’s recommended that you research and get quotes from various providers to see which company will give you the same coverage at a lower cost.

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Drive Responsibly

Even if two people drive the same vehicle covered under the same insurance provider, it’s likely that they don’t pay the same. Why? Your driving record plays a huge role in determining how much to charge you. For example, if one driver was in an accident and has a few speeding tickets on their record, they will pay more than someone who hasn’t been pulled over or been involved in a collision.

Raise Your Deductible

In the event of an accident, drivers willing to pay more out of pocket will pay less than those who set a low deductible. Of course, if you choose to raise your deductible, make sure to have that extra money set aside just in case.

Bundle Your Coverage

Do you need to insure assets in addition to your car? Consider bundling your coverage for a discounted rate. If you have multiple drivers living in your household, you could even save some money for everyone by putting everyone under an umbrella plan.

Ask About Discounts

In some cases, insurance providers can offer discounts to various drivers. For instance, students can see savings by simply maintaining good grades.

[ READ MORE: 5 Myths About Car Insurance ]

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