Car insurance is the one thing that you can’t go without if you are a car owner and there are many different ways for you to save with cheap car insurance. Lets look at a couple of easy ways for you to save on your monthly car insurance policy.
One way to save on your auto insurance cost is not to get stuck in short term policies. Many people sign up for short periods such as six month policies but you can actually save money by signing a longer policy such as one for 12 months. Insurance companies will offer discounts for longer terms because you are guaranteeing them that you will be a client longer.
Car insurance is similar to house insurance in that you can often get discounts for extra security systems. This would include such things as alarm systems, engine immobilizers and gps tracking systems. Many new cars come with security systems and others can be installed such as a LoJack.
If you shop around for car insurance you will find companies that offer discounts for “low mileage” drivers. From the standpoint of the insurance company, the more you drive the more likely you are to have a claim. Check with your insurance company to see if they offer discounts for low mileage.
Another way to save money is to set up electronic payments for your monthly payments. If you set up automatic electronic payments then you will not miss a payment and be charged a penalty. I do this with the majority of my monthly bills so I don’t have to worry about them. Most insurance companies prefer this payment method so it is very easy to set up.