Hidden Ways to Save Money on Your Car Insurance

Car insurance

A few years back, there was a commercial you undoubtedly saw, and maybe even quoted. You know the one—the ad where the quarterback pantomimes showing off his championship belt, and then all the average joes borrow his move when referring to car insurance. 

Just because you’ve seen it doesn’t mean that it carries any meaning, though. Know that you’re not alone If you’ve asked yourself any of these questions:

  1. What does discount double check mean?
  2. How can I save on my car insurance?
  3. How do I know what the best price is? 

In a nutshell, the discount double check represents just one of the many ways customers can be sure they are getting the lowest possible rate on car insurance. It doesn’t have to be the only ace up the consumer’s sleeve, though.  

With a little investigation into car insurance discounts, you can often save hundreds of dollars and maybe even afford to diagnose your car electrical problems. We’ve done some of the leg work for you; check out this round up of ways you can make a huge dent in how much you pay for car insurance.

Shop Around for Cars and Insurance

Getting multiple insurance quotes is one of the easiest ways to ensure you’re not paying more than necessary for your car insurance, but that’s not the only meaning of “shop around.” 

In addition to scouring the market for the most competitive insurance rates, put some extra consideration in when shopping for a new car. Large SUVs are often more expensive to insure than smaller vehicles, and your provider might offer discounts on hybrid models. Likewise, newer model vehicles might save you thanks to all their standard safety features. 

Take your short list of prospective cars to an insurer and ask them to run the numbers for you on which would provide the best deal. Spending a little longer searching for the right insurance company and the right car might feel tedious, but it can end up padding your wallet in the long run. 

Install Safety Upgrades in Your Car

Who would say no to being safer on the road? While a lot of safety features like anti-lock brakes and running lights come standard in newer models, after-market safety additions such as an anti-theft system might help save you money on car insurance (and will definitely save your peace of mind). 

Do your homework and calculations for this one; you’ll want to make sure the costs of installment or upkeep aren’t more than the discount, if that’s your main motive for the upgrade. 

And as always, be sure that any upgrades you install are ones your insurer would honor with a discount.

Bundle Insurance Policies

Your insurer is just as fond of the “buy more, save more” mentality as any other business. Consider using the same company for both home and auto insurance, and you could save around 20 percent on premiums by cashing in on a companion discount. 

Additionally, if you’re forced to file what your provider considers to be numerous claims, they’ll be a lot less likely to drop you when you have multiple policies with them. Maybe best of all, when you inevitably need to contact your insurer, you only have to deal with one company, saving you time and headaches.

Every provider is different, so before bundling, crunch some numbers and ask your agent plenty of questions.

Ask About Black Box Insurance

While this isn’t an option for everyone or with every insurer, if you’re looking for inventive ways to save, ask your agent if black box insurance is something they participate in. 

Premiums are determined based on your driving habits like acceleration and braking speeds, speed-limit adherence, etc., so if you’re confident in your conscientious driving, check this one out. 

Like other quick tips for saving, it may be easier than you think to get started.

Get Discounts for Good Behavior

You probably aren’t surprised to hear safe driving saves you money on car insurance, but what you might not know is that good behavior outside of your car can help you save, too.

For example, if you have a teen driver on your plan, provide proof to your insurer that he or she is a good student, and you may be able to save upwards of 30 percent on your policy. Good decisions in the classroom might equal more money in mom or dad’s pocket, so look into this unusual way to get more money flowing in.

A defensive driving course may also be your ticket to savings. Demonstrating to your insurance company that you’re invested in driving safely can knock your rates down considerably. If you’re interested in this, just be sure it’s a savings option your insurer will honor, and then choose a reputable, accredited course. 

Check Your Credit Score

This one might surprise you. Your credit score doesn’t only indicate how likely you are to pay back loans on time or how “worthy” you are; it also gives insurers an idea of how likely you are to file a claim. 

The better your score, the less of a risk you pose to your insurer. So if you fall into the excellent credit score category, be sure you to talk to your agent about what this could do for your insurance rates.

Qualify for a Low Mileage Discount

Consider your driving habits: do you commute or carpool frequently? Do you live close enough to the office that you could walk or bike, or maybe even work from home? If so, you may be able to save a bundle. 

Owning a car with low annual mileage likely means you’re putting your car in fewer situations that could lead to filing a claim. You also are avoiding a lot of the normal wear and tear regular driving incurs. 

Oftentimes insurers are willing to give you a discount for such driving habits, so check in with your agent, and let them know how often and what type of driving you do.

Don’t Be Afraid to Ask for Savings

Sometimes simply asking “What else can you do for me?” is enough to end up decreasing rates. 

Finding savings on monthly bills may not always seem like it makes a huge impact, but over months and years, you can end up saving thousands of dollars. 

Don’t be afraid to ask your insurer about each of these potential discounts; paying for car insurance is one area in which research and persistence really pay off.

About the Author

Leslie Kiel writes and researches for the car insurance comparison site, CarInsuranceComparison.com. She’s a mom of three and loves to bargain hunt for the best deals on everything from car insurance to workout gear.

Secret Ways To Save On Car Insurance

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