No matter what each of us pay each month for our car insurance, it’s a pretty safe bet to assume most of us think were paying too much money. These car insurance companies do whatever they can to keep raising rates and make it even more expensive for you to drive a car. In many places, people are spending $200 to $300 a month. That’s a ridiculous amount of money.
Worst part about it is that a lot of states require you to have insurance to drive. That means you have to take the situation sitting down. There are several options out there that you can look into to help make your insurance cheaper. Let’s take a look at four of those ways to see if they can help you or your monthly bill.
1) Don’t Be Afraid to Ask for Discounts
Many insurance companies offer discounts. They won’t just come out and tell you what those discounts are, unless they use them as a marketing tactic. But you never know if there are certain discounts hidden from you unless you ask for them. For example, if you have a great driving record, and companies might want to offer a discount. They don’t believe you’ll be accident-prone and will reward you for your good driving.
2) Consider Packaged Deals
Yes, and a package deal you’ll end up paying more overall. But if you also need to get renters insurance, you have other vehicles that need insurance like a boat, or you need insurance for your home, many places will offer a discount to combine all your needs into one basket. Many of the top insurance companies like Progressive, Geico, and Allstate provide many different types of insurance. So, if you have additional need, don’t be afraid to combine it with your car insurance for a discount.
3) Don’t Forget to Check Back in Periodically
When you get car insurance when you’re young, it works a lot like credit. You’re not trusted enough just yet. In fact, you’re seen as an experienced and more accident-prone. As you get older, you might find your insurance starts to get a cheaper. That’s because as you get older, you become a better driver and the chances of you having an accident starts to drop. Once you hit 25 or so, you had close to a decade of experience and that should really help to lower your rate.
4) Take Public Transportation
You may consider this point extreme, but if you’re really struggling to afford paying your car insurance, get rid of the car! Of course, we don’t want to do this. We enjoy our independence and being able to go wherever we want whenever we want. Still, the National Association of Insurance Commissioners says that overall driving is down for millennials. Back in 2014, 69% of 19-year-olds had a license. Back in 1983, the number was near 90%. That means the number of overall drivers has fallen over the past few decades. If you’re struggling with high rates, put away the keys for a while.