Want to Save on Car Insurance? Here’s How!

During these uncertain times, people are looking for any way to save money without leaving them in a precarious situation. When it comes to car insurance, you don’t want to leave yourself unprotected, but it might be one of those expenses where you could save some money depending on your policy or the company that holds the policy.

Don’t Be Afraid to Shop Around

If you happen to have a policy that needs to be renewed, you may want to consider shopping around before sticking with the same company. It’s always important to consider your options and research a few different companies in your area to make sure you are making a well-informed decision. It’s also a good idea to check the rates even if you are not actively purchasing a new policy as you may find out a local deal is being offered that cut costs and save you lots of money in the long run.

If you are buying a new car, researching the typical rates for that car is also a way you can save some money. Depending on your lender and year of the car, you could be paying more or less, just based on the type of car you are purchasing. If you are not set on the type of car you want to purchase, researching insurance prices can help to narrow down your decision as well as save you some money for that car payment.

Think About a Bundle 

Some companies offer bundle deals with home insurance or renters insurance so you might be able to save more by purchasing additional insurance. If you and your partner both own a car, you might be able to save some money by putting more than one car on a single policy. If you own a home or even are renting, you might be able to save by bundling different types of insurance with the same company.

Negotiate Your Premiums

If you happen to typically have a significant commute but you are no longer making that commute due to Covid, you may want to discuss that with your policyholder. If they used a particular mileage to determine your rate, and that rate has changed, your premium should be lowered as well.

Insurance premiums generally raise when you are involved in an accident so one way to avoid that is to keep a clean driving record. Some companies offer discounts for being a safe driver so it’s a great incentive to stay away from texting driving and keeping your eyes on the road.

Lastly you can opt out of comprehensive or collision coverage and just get liability which is the minimum insurance needed in order to drive a car. It pays for damage you may cause if you are involved in an accident or damage property, but can leave you open to paying out of pocket, if the damages are substantial so it’s important to consider when reviewing the liability limits of your coverage.

Contact Us Today

If you’re behind the wheel of a car, that car needs to be insured. Reach out to the team at Willoughby Insurance to keep you safe and insured today!