Nobody wants to pay exorbitant premiums for insurance, if they don’t have to. It’s bad enough shelling out money every month, year or however often you pay your premiums, for something you may never actually use. Banks and the law insist upon insurance, but even if they didn’t, it would behoove you to have it. Since you need it anyway, you might as well make the best of it and do what you can to shop car insurance quotes to assure yourself the best possible coverage, for the best possible premiums. You owe it to yourself and to your family, should you have one or plan on having one, to save money wherever possible, so that you can use it for other discretionary spending.
#4 Learning To Drive
Got kids? Has there possibly been a recent development, such as their reaching that magical age? You know… the age at which they are allowed to learn how to drive? Oooh, you’re so lucky! Well besides instilling the utmost defensive driving skills in them, you may find your insurance rates skyrocketing, in order to insure these high risk, inexperienced new drivers. All the more reason to check around to see who’s got the best student rates.
#3 Bundling Your Policies
Multi-policy discounts may be applied, if you own your home and get homeowner’s insurance or if you have a family car and suddenly get either a company car or second car to be insured. The more things you insure with a company, the more discounts you should be privy. If your insurance company doesn’t offer things like multi-car discounts (and such) you need a new company.
#2 As The Car Ages
Who could have predicted, when car loans and leasing first started up, that loans and leases would eventually grow to a possible 72 months? Do cars even last 72 months anymore? Well, regardless, as the car ages the insurance premium should go down. At the very least, once you get about midway through the loan or lease you should have your policy and premium re-evaluated. If your insurance policy won’t budge, don’t be shy about researching a new policy.
#1 Improved Credit Score?
Have you managed to improve your credit score, since you first started up with your current insurance company? If so, first of all… good for you! That’s a huge step! Thing is, if you had a questionable credit score, when you first started up with your insurance company, chances are that you paid slightly more than you would have, if you’d had a stellar credit score. Now that your score has improved, so should your premium.
Bonus reason… in this age of an unpredictable and ominous economy, there is always the chance that you may get that big pink slip, so that the company ‘can save money’. If that occurs, any number of things could happen, including deciding to work from home or getting a new job somewhere else. This is yet another time, during which you would be well advised to shop around for car insurance,as well as rethink your insurance carrier and premiums.