- 1 Introduction
- 2 If you’re a safe driver, it may help to tell your insurer
- 3 Raising your deductible may help
- 4 You may want to try going without any collision or comprehensive coverage if you’re in an older car
- 5 Consider dropping coverage you don’t need if you’re in an older car.
- 6 You can also consider getting rid of optional add-ons such as car rental reimbursement
- 7 There are options for getting the insurance costs in a car that is no longer under warranty down
- 8 Conclusion
You’ve had a car for years, so you know that it’s not the newest model on the road. That doesn’t mean it’s not worth anything or doesn’t have value. However, if you’re trying to get your car insurance costs down, there are things you can do to try and get them lower. In this blog post we’ll give some tips on how to save money when it comes time to renew your policy next year.
If you’re a safe driver, it may help to tell your insurer
The good news is that there are several ways to get a discount on your car insurance, and many of them don’t involve paying more money. If you’re a safe driver, it may help to tell your insurer that.
- Tell them you have a clean driving record: Insurance companies will offer discounts for drivers who have good driving records—meaning they’ve never had an accident or been involved in any kind of moving violation (like speeding or running a red light). If you’ve been in an accident or committed any other kind of infraction recently, it’s likely that your premiums will go up after the incident has passed.
- Let them know about any other discounts available: It’s also possible to qualify for additional discounts with specific insurers based on factors like where you live (areas with higher crime rates often raise rates), how old your car is (older cars cost more to repair), where and how often you drive (you’ll pay more if you’re consistently commuting over long distances), and even what type of car insurance policy you purchase (some plans include coverage for things like stolen valuables).
Raising your deductible may help
There’s a simple way to get your insurance premiums down: raise your deductible. This is the amount you pay before the insurance company pays for anything. The higher your deductible, the lower your premium will be (and vice versa).
If you want to save money on car insurance and have some extra cash in case of emergency, consider raising your deductible by $100 or more. That way you can pay for repairs out of pocket instead of relying on an expensive quick-fix from the mechanic.
You may want to try going without any collision or comprehensive coverage if you’re in an older car
One way to save on insurance costs is by getting rid of collision or comprehensive coverage. If your car isn’t worth enough to pay for the cost of repairing it, there’s no reason why you should have these coverages. The money saved could be used to take your significant other out for dinner once in a while!
If you’ve got an older car with little value, don’t bother with these coverages. It’s not worth the expense because if something happens to your car, chances are good that it will be totaled.
Consider dropping coverage you don’t need if you’re in an older car.
If your car is not worth much, or if it has a lot of miles on it, there’s a chance that you can save on your monthly insurance payments by dropping collision and comprehensive coverage. By choosing a higher deductible than the value of your vehicle, you will lower your premiums significantly.
You can also consider getting rid of optional add-ons such as car rental reimbursement
Still, getting rid of optional add-ons can also help you save money on your car insurance rates.
For example, if you have a credit card that offers car rental reimbursement coverage and choose to add it to your policy through your insurance company, you may be paying for something that could be covered by the credit card instead. If so, make sure to remove this optional add-on from your policy (and use the credit card instead).
There are options for getting the insurance costs in a car that is no longer under warranty down
If you are concerned about your insurance costs, there are a few things you can do to keep them in check. First and foremost, contact your insurance company and get a quote for coverage on the car you want to buy. Your current policy will likely cover a new vehicle as well, so it should be relatively easy to put together an accurate estimate of how much this will cost.
Next, take a look at what exactly is covered under your existing policy: Is theft or vandalism included? Are there any restrictions on mileage? If so, find out if these limits could be lowered as part of the contract extension process; this may help reduce premiums further down the road.
Finally—and perhaps most importantly—look into other companies that offer similar coverage at lower rates than what’s currently available through your provider (if such options exist). For example: If you live in one state but work in another nearby state that has lower auto-insurance rates than where you live (or vice versa), consider shopping around for better deals when renewing next year!
Hopefully, you now have some ideas of how to lower the cost of your car insurance. This is a great way to save money on an older car that may not be worth more than $2,500 or so in repairs. If you’re still looking for ways to save money on your insurance, consider calling one of our agents today!