Last month, we looked at several factors that impact your car insurance rates. Some were controversial, some were surprising, but you couldn’t do much to change any of them–short of moving out of state, changing careers, or going back to college, to name a few major life changes.
This month, we’ll look at some other factors that determine your car insurance rates. These factors are a little easier to influence, so read on to find out what choices you might be able to make to lower your car insurance rates in the next few months!
1. Whether or Not You Ask for Discounts
Sometimes the people with the best insurance rates are simply the ones who knew to ask for discounts. Many insurance companies offer a variety of discounts on car insurance rates, but they don’t always advertise them–so don’t hesitate to ask! These are a few of the most common discounts available:
- Good Student Discounts — can save high school and college students a bit when they turn in a report card with high grades
- Claim-Free Discounts – can save you a pile of money if you maintain coverage for a specific period of time with no claims
- Safe Driver Discounts – can make a big difference in your premiums, if you maintain a safe driving record with no citations for a period of time
- Military Discounts – for veterans, reservists, and active duty military service members
These are just a few of the discounts often offered. Ask your insurance agent if they offer discounts for your age/demographic/career bracket. The worse they can do is tell you no.
2. The Car You Drive
Perhaps it’s not surprising that your car can have a huge impact on your car insurance rates. If you’re driving a shiny new foreign car, your rates will tend to be higher than the rates for someone who drives a ten-year-old Honda.
But it’s not all about your car’s price tag or age. Cars with better safety ratings and more safety features tend to lend themselves to lower insurance rates, too. It makes sense; you’re less likely to be seriously injured (and cost an insurance company tens of thousands in medical bills) if you’re in an exceptionally safe vehicle. Something to keep in mind next time you’re car shopping.
3. Your Driving History
You can only change your driving history to a limited extent; after all, what’s already done can’t be changed. But by taking concrete steps to drive more safely and defensively, you can move forward with a clean slate. Fewer citations and traffic accidents always mean lower insurance premiums. Go out of your way to slow down, put your phone away, and drive defensively when you’re behind the wheel.
4. Where You Park Your Car
Have a carport or a garage, or thinking about investing in one? Parking your car under cover keeps it more protected from the elements (as well as would-be thieves)–and it could lower your car insurance rates. So if you needed another reason to add a carport or to clean out your garage and start parking your car inside, there you have it.
Still have questions about ways you might be able to save on your car insurance rates? Give us a call or stop by our offices in Mayville or West Bend. We’d love to talk to you about ways to keep you protected at a rate that makes sense for your budget!