The average national car insurance premium is approximately $900 per year. What you pay for your car insurance premium depends on many factors, such as your age, the type of car you drive and the state you live in. Over time, this can add up to a lot of money. Fortunately, there are things you can do to get your premiums lowered, four of which are listed below.
Consider the Car You Drive
Even though you likely want to drive a brand new, flashy car, it can make your insurance premiums higher. This is because the insurance company looks at how much money they will have to pay out if you get in a wreck or your car is damaged in any way. How much the premiums will rise depends on what the car is worth. Instead, purchase a car that is a few years old with low miles.
Do Not Choose Comprehensive Insurance
When you sit down with your insurance agent, they will go through all the types of insurance. One type is comprehensive insurance, which covers your car if it is damaged due to things like fires, vandalism, and theft. Because these things are much less likely to happen than getting into a collision, you should really consider if you want to purchase this along with your liability or full coverage.
If you put less miles on your car each month, your insurance company may lower your premiums. This is because if you don't drive, you won't be getting into any accidents. How much this will lower your premiums depends on your insurance company.
If you and other employees that you work with live close together, set up a carpool with them. You should also walk or ride a bicycle to anywhere that is close when you would normally drive. This also is good for the environment, and there will be less pollution in the air.
Get Out of the City
There are many reasons to get out of the city, but one of them is to lower your insurance premiums. If you currently live in the city, consider moving to a rural area. Living in a rural area decreases the chance of getting into an accident because there are far less drivers.
There are many other ways you can save on your insurance premiums. For more information about insurance, contact local professionals like McHugh InsuranceShare