The cost of living is going up every year, and car insurance rates are not exempt from this. Many families are stressed out with having to pay hundreds, if not thousands of dollars every year for car insurance. Although this payment can’t likely be eliminated, there are ways to lower your car insurance in 2019 with these tips.
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Maximize Your Discounts
You are likely aware of, or even qualify, for certain car insurance discounts that offset cost. These include good driver discounts and multi-car discounts. However, did you know that there are discounts that can lower your car insurance premiums that you may not even be aware of?
Job-Based Car Insurance Discounts
When reviewing a large set of data, car insurance companies found that people that are employed in certain professions tend to make less claims than the general population. As a result, the following professionals typically get a discount on their car insurance policy because they are deemed as being lower-risk drivers:
- Educators/ teachers
- First responders – police, firefighters and emergency medical technicians
- Medical professionals
- Engineers
- Scientists
- Military
Affiliate Group Membership Discounts
You may be part of a group that gets car insurance discounts, and may not know it. It is advantageous to call your car insurance and ask about which groups qualify for lower premiums. For example, certain college alumni groups and being a member of the AAA are two of the best ways to get discounts on your car insurance.
Take a Defensive Driving Course
It may have been a year since you have taken a Driver’s Ed Course and you likely don’t need it if you are a very good driver. However, being proactive and taking a defensive driving course can save you anywhere from 5-15% on your liability and collision coverage for a period of three years on certain car insurance policies.
There may be certain restrictions based on your location or age, so call your car insurance company before committing to taking this course to see what the advantages are.
Improve Your Credit Score
Having poor credit can prevent you from opening a credit card or getting favorable terms on a loan, but it can also affect your car insurance premiums. Having a poor credit history may be seen as a high risk factor, thus raising your premiums.
Regularly checking your credit report to make sure that all credit agencies are reporting all of your information correctly and fixing mistakes is imperative to having the most affordable car insurance premiums.
If you do have poor credit history, there are ways that you can improve it in order to save more on your car insurance. A good credit repair specialist can help you improve your credit score, thus saving money on your car insurance.
To shop around for the most affordable car insurance rates, click here.
