It’s a good idea to know all of the costs connected with buying a car, including the cost of car insurance before you buy one. To understand why premiums differ, you need to understand how auto insurance prices are calculated. As a result, you can make an informed decision about which vehicle to purchase. So, here are the top 10 ways to save on auto insurance premiums.
Save on Auto Insurance – Your Driving Record
According to some studies, drivers who have had previous claims are more likely to have future claims. Getting tickets for moving infractions, getting into accidents, and/or filing claims in the previous three years will almost always result in a higher premium compared to those who insure the same vehicle but have no such ‘marks’ on their record.
Your Age
Young drivers under the age of 25 are four times more likely to be involved in an accident when compared to older drivers. Therefore their rates are generally higher. Males under the age of 25 will also cost more to insure than females in the same age group.
The Age of Your Car and What It’s Worth
If you paid a lot for your car, you will pay a lot to insure it. If you have an older vehicle, you will likely pay less. The opposite of these 2 statements of course is also true.
Where and How You Use Your Vehicle
If you want to pay less, than you have to drive less, miles that is. Also, you can expect to pay a higher premium if you live in a more densely populated area. This is because there are added risks for the insurance company.
Size and Performance Matter
Your vehicle’s size and performance are what your premiums are calculated on. Typically, sports cars are driven more aggressively. As a result, they are more likely to be involved in an accident and thus are more expensive to insure. In addition, larger automobiles won’t receive as much damage in an accident. They are therefore less expensive to insure.
Save on Auto Insurance – Safety Features
Your premium may be lower if your vehicle is equipped with such features as air bags, anti-theft devices, and anti-lock brakes. Having more than one car on a policy also may earn you a ‘group’ discount.
Deductible Choice
Having a higher deductible will help drop your premium.
Save on Auto Insurance – We’re On Your Side!
Get in touch with our office at 909.466.7876 to learn more about all of our Automobile Insurance and Personal Risk Management Solutions. We want to help you save on Auto Insurance Premiums and protect you and your loved ones on the road by providing the best coverage for you today!
