8 Ways To Lower Your Car Insurance Rates

Everyone wants to save money on car insurance. After all, it's a necessary expense, but that doesn't mean it has to be an expensive one. Here are eight tricks to help you lower your full coverage car insurance rates. 

1. Shop around.

Don't just go with the first insurance company you come across. Instead, get quotes from multiple companies and compare rates.

2. Ask about discounts.

Many insurance companies offer discounts for things like having a clean driving record, being a good student, or owning a home. It never hurts to ask.

3. Raise your deductible.

Your deductible is the amount you must pay out of pocket before your insurance company kicks in. The higher your deductible, the lower your premium will be. If you can afford to pay more out of pocket in the event of an accident, raising your deductible accordingly will lower your monthly premium.

4. Get rid of unnecessary coverage.

If you have an older car, you might not need full coverage car insurance with collision or comprehensive coverage. Likewise, you may not need rental coverage if you live with a partner or family member and have access to a second car. Evaluate your needs and eliminate any coverage you don't need.

5. Drive safely.

Your driving record is one of the biggest factors determining your premium. The better your driving record, the lower your rates will be. Moving violations, like speeding tickets, affect your driving record and can significantly impact your rates. Luckily, parking tickets do not affect full coverage car insurance rates.

6. Bundle policies.

If you have multiple vehicles in your household, you may get a discount by bundling them all on the same policy. You can also bundle your car insurance with your homeowner's or renter's policy. Check and see if you qualify for any of these discounts.

7. Consider usage-based insurance (UBI).

UBI is a newer type of insurance where you're charged based on how much you actually drive instead of estimates or flat rates. If you don't drive very much, UBI could save you a lot of money on your premium.

8. Pay your bills on time.

Believe it or not, your credit score can affect your car insurance rates. So make sure you always pay your bills on time and manage your credit effectively to maintain a good credit score.

There are several ways to lower your full coverage car insurance rates without sacrificing coverage or breaking the bank. By shopping around, taking advantage of discounts, and being smart about your coverage, you can save yourself some serious money on car insurance premiums.

Contact a local insurance company to learn more about full coverage auto insurance.  

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