Over the years, premiums on auto insurance have increased dramatically. However, you can reduce your rates by doing a little homework on discounts. Let’s start the engine and embark on a road trip to explore money-saving tips on auto insurance.
Pack Your Vehicle with Safety Features
When buying a new vehicle, look for safety features such as anti-lock brakes, air bags, auto-theft devices and day-time running lights. Newer safety features include adaptive headlights, blind-spot monitoring, front-crash prevention, lane-departure prevention, park-assist and backover protection). Check first with your auto insurance agent about discounts related to these features.
Map Out the Rules of the Road
Steer Clear of Bad Driving Habits
Use a tracking device to monitor your mileage and various driving habits such as acceleration, braking, turns and speed. Even with modest savings on your premiums, you will likely improve your driving habits, which will save you money in the long run. Two bad habits to avoid are cell-phone usage and driving under the influence of alcohol. Texting while driving dramatically increases the likelihood of an accident. Drinking only one alcoholic beverage may impair your judgment while driving.
Drive Safely and Consistently
Maintain a clean driving record (no at-fault accidents or moving violations) for at least three years to qualify for a claim-free discount (no claim was filed with your insurance company) when your vehicle, or the one it replaces, has been insured by the same company for at least three continuous years.
Revise Your Itinerary
Reduce your annual mileage by sharing a ride or using public transportation when commuting. Driving fewer than 5,000 miles may reduce your premiums.
Arrive at your Destination
Purchase optimal coverage for your vehicle and driving needs at a good value. Potential cost-saving considerations include: the value of your vehicle, level of coverage, amount of deductible, rental-car reimbursement and gap insurance (replacement-cost benefits for new vehicles).
Find a Reliable Travel Companion
Shop for a trusted insurance company that offers competitive insurance rates. Ask about discounts for multiple vehicles, multiple insurance policies and student benefits. Your trusted insurance agent can help you find the optimal coverage at a good value.
With a little savvy shopping, you can find significant savings for auto insurance in the state of Illinois. Especially true in that Land of Lincoln, whose face appears on the penny, “A penny saved is a penny earned.” Benjamin Franklin.
5 Safety Features That Can Save You Money on Car Insurance- nerdwallet.com/blog/insurance/safety-features-car-insurance/
AARP Drive Safety – aarpdriversafety.org/
Drinking Just One Drink Make You More Likely to Have a Car Crash –dailymail.co.uk/health/article-2543913/Driving-just-ONE-drink-makes-likely-car-crash.html
Get an Insurance Discount – idrivesafely.com/insurance-discount/get-an-insurance-discount/
How do those car insurance tracking devices work? – cars.usnews.com/cars-trucks/car-insurance/how-do-those-car-insurance-tracking-devices-work
How to Qualify for low-mileage auto-insurance discounts –markets.businessinsider.com/news/stocks/how-to-qualify-for-low-mileage-auto-insurance-discounts-1011258010
Lower Car-Insurance Rates – carinsurancecomparison.com/why-a-safe-driving-record-means-lower-car-insurance-rates/
Texting and Driving Statistics – thezebra.com/texting-and-driving-statistics/
With a little savvy shopping, you too can save money on auto insurance. Especially true in the State of Illinois, that Land of Lincoln, whose face appears on the penny, “A penny saved is a penny earned.” Benjamin Franklin.
Images are under license from Shutterstock.com