No one wants to pay more than necessary for their car insurance. Listed below are steps you can take to get lower insurance rates on your auto insurance or motorcycle insurance. If you ever need to carry SR22 insurance or FR44 insurance, these suggestions will help lower your auto insurance premiums later.
- Your driving record affects how much you pay for auto insurance. Individuals with a high number of claims cost an insurance company more than those with few or no claims. So people with few or no claims are rewarded with lower insurance premiums. Generally, the more points (citations for accidents or other driving violations) an individual has on their record, the higher their insurance costs will be. Maintaining a good driving record helps avoid unwanted premium increases, and when points drop off your record you’ll get lower insurance rates at renewal.
- Maintain your insurance policy without a lapse of coverage for at least for 12 months to build a good credit history, and save money with lower insurance rates. You may not know that your credit rating can be considered by insurance companies in determining your insurance rate. It’s thought that people who care more about keeping their credit rating high will also care more about their driving habits.
- Paying your insurance premiums in full for a 6 or 12 month period allows you to receive the most discount, regardless of the insurance company. Setting your account to automatic draft (EFT) if you cannot pay the balance in full every 6 months is generally the best second choice if you can’t afford to pay the balance in full, and will save you on average $5 per month compared to a physical payment option.
- Choosing a higher deductible when you have a full coverage policy will generally result in lower insurance rates. A deductible is the amount you pay, in the event of an accident or other claim, before your insurance coverage kicks in. If you have a good driving record, it may pay to choose a higher deductible. Talk with your insurance agent to see if the deductible you could live with would result in a significant enough reduction of your insurance premiums.
- If you have an older vehicle, and/or one that is not in good shape, you might consider dropping comprehensive and/or collision coverage. If you were to have an accident with it, the car may likely be considered a total loss by the insurance company. This depends on the age and condition of the vehicle, your driving record, etc. Have a conversation with your insurance agent to see if dropping any part of your insurance coverage is advisable in order to get lower insurance rates.
- Ask your insurance agent about any discounts you might qualify for, such as employee, good student, military or other discounts. Many insurance companies offer a multiple vehicle or multiple policy discount. If you own more than one vehicle, you may be able to get lower insurance rates by insuring all your vehicles with the same company. In addition, some insurance companies will provide a discount on your auto insurance if you also insure your home with that company.
- It’s a good idea to periodically check to see if you can get a lower insurance rate from another company. When you first obtain car insurance or before your existing policy renews, get competitive auto insurance quotes from reputable insurance companies, and be sure that they each include the same coverage options.
- Reduce your mileage. Higher annual mileage usually increases insurance premiums, Check with your insurance agent to see if you might qualify for a lower insurance rate by lowering your annual mileage. If high annual mileage is affecting your car insurance rate, you may consider a move that takes you closer to your job, or taking mass transit part of the time.
- Consider down-sizing your insurance rate by down-sizing your vehicle. Large SUVs, new cars and luxury vehicles cost more to insure than slightly older, smaller, less expensive cars for everyday commutes to and from work. Talk with your insurance agent about vehicles you may consider buying, and decide which one will result in lower insurance rates that will meet your needs.
- Some insurance companies offer reduced premiums for successful completion of an approved or accredited defensive driving or accident prevention course. Some states offer such courses, and some states may reduce the number of points on a driver’s record after completing such a course. Check with your state DMV and your insurance company before taking a course like this.
- You may be able to lower your premiums by installing an anti-theft device in your vehicle, especially if you live, work or need to park your vehicle in an area that’s at higher risk for auto theft. Talk with your agent, who can recommend anti-theft systems that will lower your insurance premium when installed, and discuss whether installing one would be cost effective in relation to the expense of the device and the risk of theft.
How to get lower insurance rates on SR22 insurance
At some point in your driving history, you may be required to file an SR22 or FR44 insurance certificate after a moving violation or a legal judgment. In this case, you will have to purchase high risk SR22 / FR44 insurance for a period of time. After you have completed your SR22 / FR44 obligation, you’ll be able to return to standard auto insurance rates. SR22 and FR44 insurance costs more than standard auto insurance. For information related to getting lower insurance rates on SR22 and FR44 insurance, visit these pages on our website:
- Cheap Affordable SR22 Insurance
- How SR22 insurance costs are determined
- Cheap Non Owners SR22 Insurance
Contact UltraCar Insurance for lower insurance rates on SR22 insurance, FR44 insurance and non owner SR22 FR44 insurance. Call us or start an SR22 or FR44 insurance quote today!