• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT

The Fortunate Investor

Investing, Business & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » 5 Ways to Save Money on Your Auto Insurance

5 Ways to Save Money on Your Auto Insurance

October 5, 2020 By The Saving Gal | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

5 Ways to Save Money on Your Auto InsuranceIf you want to save money on your auto insurance there are few tricks you can try. Lowering your insurance premium doesn’t mean you’re covered any less either. Who knows, you might be entitled to some discounts and didn’t even realize. Inevitably, the best way to save money on your auto insurance is to become a safer driver, as the fewer accidents you have, the less likely you are to make a claim. There are, however, a couple of other things you can do to get a better deal. Here are five ways to save money on your auto insurance.

Shop around

If you’re looking for a great deal on your auto insurance, the best thing to do is shop around. You could try price comparison sites and looking up customer testimonials. Do your research before you settle on a company. It’s also better to opt for a new policy rather than going for auto-renew. Insurance companies don’t tend to give out better deals to existing customers over new customers. Here are some more tips for choosing insurance.

Safety features

Your insurance premium might even be lowered if you have state-of-the-art safety features on your car, such as a fleet dash camera. This will lower your risk of being blamed in an accident that wasn’t your fault. You’ll have all the evidence recorded. Ensure your vehicle is also equipped with safety features to help prevent injury or theft, like anti-lock brakes, automatic seatbelts, an alarm system, or running lights.

Become a safer driver

The best way to lower your insurance premium is to learn how to be a safer driver. This means that you are less likely to cause an accident and receive points on your license. It’s also better to avoid driving where possible. This a much healthier and more environmentally-friendly approach, so if you can, leave the car and walk for a change. If you’re worried about your driving you could try taking some refresher lessons. 

Increase your deductible

Another way to save money on your auto insurance is to increase your deductible. You might be able to save money on collision and comprehensive coverage costs if you do this. Find out the right type of coverage you need by speaking to a financial advisor and see if they recommend increasing your deductible. Any money you save on your car insurance you could put into emergency funds in case you do need to make a claim.

Find out if your eligible for discounts

You might also be eligible for a discount on your auto insurance. Few people are actually aware of this. You can find out if your eligible from this guide to car insurance discounts. If you’re a responsible driver and can prove it, you’ll be able to save money on your auto insurance. It can also depend on your age, gender, and the car you drive. It’s definitely worth looking into if you want to save money on your car insurance. You might be pleasantly surprised.

  • About
  • Latest Posts
The Saving Gal
The Saving Gal
The Saving Gal
Latest posts by The Saving Gal (see all)
  • 3 Tips for Being Ready to Meet the Future When It Comes - January 13, 2021
  • 6 Things to Invest Your Money In - January 11, 2021
  • 5+ Hacks To Drive More Traffic To Your Website - January 10, 2021

Primary Sidebar

Popular Articles

Could Bankruptcy Be Your Way Out Of A Financial Mess

Could Bankruptcy Be Your Way Out Of A Financial Mess?

It would be wrong to say that filing for bankruptcy is a smart financial move, in most cases. While … Read More about Could Bankruptcy Be Your Way Out Of A Financial Mess?

Have You Thought About These Business Essentials

Have You Thought About These Business Essentials?

Being in business isn’t always something that we all dream of. Sometimes, it can be a position that … Read More about Have You Thought About These Business Essentials?

Ways to Make Money Online

Ways to Make Money Online

Making money online is something that more and more people are eager to do. And the uncertainty … Read More about Ways to Make Money Online

Plug In And Join The Power Industry This Year

Plug In And Join The Power Industry This Year

The power industry is one that spans all over the world and involves many different roles. From … Read More about Plug In And Join The Power Industry This Year

10 Ways to Reduce Your Family Overheads Fast

10 Ways to Reduce Your Family Overheads Fast

This last year has been incredibly hard for businesses and families alike. The financial crisis … Read More about 10 Ways to Reduce Your Family Overheads Fast

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2021 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service