Ways to Make Vehicle Insurance More Affordable For Safe Drivers
Ways to Make Vehicle Insurance More Affordable For Safe Drivers: Comparison shopping is a well known method of keeping automobile policies as affordable as possible and is advised by just about any government consumer guide that deals with auto insurance, but there are additional ways to save. One way to reduce the cost of premiums is to revisit a policy and ensure that the proper coverage is maintained and not to be over-insured and pay for unnecessary protection. While it is often suggested to purchase the highest limits of liability coverage that can be afforded, there may be other areas of a policy that can be adjusted that can reduce premiums.
After a vehicle has depreciated in value to an amount where it may be more cost effective to purchase a new car following a total loss, it may be time to drop comprehensive and collision coverage since the deductible and premiums paid may add up to more than a vehicle’s worth, which can be put aside to buy another automobile should the owner suffer a loss.
Maintaining a good driving record is one of the most critical ways to maintain affordability. Keeping a clean history behind the wheel can almost guarantee that a motorist will be offered the cheapest rates and be considered as desirable by insurers. Individuals who have obtained tickets or had traffic accidents can reduce premiums by beginning to avoid acquiring tickets in the future and practice safe driving. After a certain amount of time, usually three years, insurers begin to disregard past violations and a good driver discount may become available and can save around 20% on a policy. In addition, other discounts may be available that should be taken advantage of and some of them are mandatory. For example, the Connecticut Department of Motor Vehicles states that car insurance companies must give at least a 5% rate reduction to drivers over the age of 60 who have completed an approved accident prevention course. In order to get the best deal on coverage, consumers should ask their agent or company what discounts are offered and how to take advantage of any available.