Having a car may sound pretty cool but it is not if you are not prepared with the expenses that come by owning an automotive. There comes car maintenance, fuel expenditure, and so on… But let us not forget about the money you let out of the pocket when signing for car insurance. With all the mentioned expenses, there will come a point when you will think of how you can save yourself some money in terms of getting your four-wheel vehicle insured. So, here are some wise tips for you:
1. Shop around and look for the best insurance
You probably have seen a commercial or two about car insurance, but never let yourself be fooled by them. Does not mean they said on the national television means they are really offering the one you’re looking for. Better if you shop around and search for the best, and by the “best”, we mean getting the affordable car insurance.
2. Take note about the insurance cost
When buying a car, there are a lot of things to put your attention to, from fuel competence to repair costs. In addition to this is the insurance premium.
3. Skip collision and comprehensive coverage
As for this one, it is applicable for owners of older cars. With collision coverage, the insurer will pay the repair of a damaged car after an accident, while the comprehensive collision pays the damage caused by weather, floods, fire, and whatnot (including theft). However, the maximum payout depends on the value of the car if it’s completed or stolen. So, if you own an older car, might as well skip this.
4. Opt for higher deductibles
It is best to know that considering higher deductibles can help you save money as it can lower the premium.
5. Look for usage-based o pay-per-mile insurance
This tip is kind of perfect for those who are labeled as “safe drives” for they don’t usually run their cars for many miles. So, if you’re the same kind of driver, might as well sign for cheap travel insurance suitable for your driving lifestyle.