If you don’t have the best driving history, car insurance can take a sizable bite out of your wallet. Any provider of auto insurance in Cicero will tell you the same. If you’re running on a lean budget, it might be mighty tempting to skimp on car insurance. While that might seem like a good idea, it really isn’t.
It can only herald a boatload of trouble, trouble that you could do without. See, having valid insurance coverage is a legal requirement, and to this end, you must have it. Instead of tempting fate, here are some credible way to lower your insurance premiums.
1. Polish your driving skills.
It is easy to see where this is going. If you have racked quite a number of points on your license, you’re probably not the most careful driver on the road. It shows that your driving skills may be subpar. Taking up defensive driving classes is an excellent way to shore up on your weakness while on the road.
Signing up for an accident class can get you off the list of high-risk drivers. Taking such accredited courses shaves off a few points from your license. Reducing the number of points on your record can translate into a lifetime of insurance savings.
2. Raise your deductible.
In the unfortunate event that you get into an accident and your insurer has to pick the tab, you’re required to pay a deductible. This is a small amount of money that you must pay to the company before they can repair or replace your car.
Depending on the policy you choose, the deductible could be anywhere between $250–$1000. But there’s a small catch. Low deductibles correspond to high annual insurance premiums.
Raising the amount of deductible can lower your annual insurance premium by several percentage points. Just be sure to check with your insurance agent how that affects your premiums.
It is only natural for a motorist to want to lower the cost of their car insurance and save some money. With the cost of insurance unlikely to come down in the future, you’re better off finding credible ways to lower the premiums.