How to get discounts on your car insurance?

Everyone likes a discount. It doesn’t matter if it’s in car insurance, home loans, car loans or pampers for your baby, nobody wants to pay full price. With the economy going south and every expense weighed and analyzed on its own merits many are considering the high price of their auto insurances. In some cases these high prices are moving some to take the gamble of not having car insurance.

Although worrying about the high costs of car insurance cost is completely understandable taking the risk of going without is simply not a risk worth taking. Besides the fact that it is illegal and the messiness of fines and prison, driving without insurance can lead to financial ruin and bankruptcy. So what are your options if you are paying too much for your insurance? The way forward is to invest some time in getting new, cheaper car insurance.  The secret to cheaper car insurance are discounts. The basic coverage of most auto insurance companies are similar but a nice saving can be made if you get the right discounts. In this article we will analyze three areas where you can make juicy savings: Driving history, insurance deductibles and safety measures.

Driving history.

This is an obvious one. Drive safely, pay cheaper insurance. Auto insurance is baked in the oven of chance and probabilities. If your track record is that of a careful, safe driver the chances of you being involved in an accident are much lower. The insurance company is happy to pass on to you some of the savings of insuring a good driver. On the flip side if you are caught driving under the influence or accused of dangerous driving get ready for some serious insurance premium increases.

We can also include in this section No-claim bonuses. If you have a history of not making claims insurance companies are happy to give you much cheaper rates. This factor alone can make your premiums drop by up to 70 % if your keep your no claim record for enough years. No claim discounts are so large it is often worth paying for small accidents out of your own pocket in order to keep the no claim record.

Insurance deductibles.

What do insurance deductibles mean? It is an agreement you make as a policy holder to pay for the first X amount of dollars, pounds or euros in the event of an accident. For example if are involved in an accident and the damages amount to 10,000 dollars, your insurance deductible might mean you pay the first 1,000 dollars, your insurance company paying the rest. Having a high insurance deductible can really drop the price of insurance.

Safety savings.

These discounts are simple. If you have airbags installed, park your car in a garage overnight, have ABS brakes, or any number of safety measures you can ask for a discount based on the reduction of accident risk they produce.

The idea behind this saving is to use your car insurance for only big accidents, with big bills and cover small accidents and payments by yourself.