We should all be aware that one of the best and most common ways of keeping the cost of our car insurance down is simply to maintain a good driving record. Without trying to go over that ad nauseam, here’s a quick look at a few other things you can do to keep car insurance prices from soaring.
This goes beyond just driving while drinking. It also includes driving while under the influence of other types of drugs… even some prescription medicines. If you have an issue with drugs or alcohol, you might want to try alcohol rehab, drug rehab and AA meetings. Not just for the purposes of driving safely, but in the interest of your personal health, and for the benefit of your family. There could be times you do not realize that you need rehab, but even if you are struggling to get rid of your addiction, rehabilitation could help. To see the positive benefits of it, however, you can get yourself enrolled in Innovative Health Systems or a similar center. That said, never get behind the wheel where you could potentially end someone’s life. Also, being caught driving under the influence could lead to you needing to carry SR22 insurance, which is quite a bit more expensive. If you do happen to be impaired, call a cab, Uber, or Lyft to avoid any such situation.
This sort of goes along with a good driving record in that if you habitually drive while distracted, your good driving record can potentially disappear. Actually, it only takes driving distracted once for you to get pulled over in a best-case scenario or get into a horrible accident in the worst-case scenario. Put the phone down. There isn’t a message in the world that’s worth risking your life or the life of someone else. It also isn’t worth having your premiums go up because of it. If you absolutely have to take a call or read a tweet, pull off the road before doing it.
Buying a Vehicle
Let’s talk about when you’re getting ready to buy a new (or used) vehicle. Before purchasing that vehicle, always check to determine what it would cost you each month to cover it. In part, premiums for vehicle insurance are based on the price of the vehicle in question, how much it would cost to repair, its safety record, and how likely it is for the vehicle to be stolen. Quite a few insurance companies will offer discounts for things that could reduce risks of theft or injuries.
Insurance rates and premiums can vary from one company to the next, so it can really pay to shop around for the rates and coverages that will fit you. When comparing car insurance rates, get a minimum of three price quotes from different carriers. You can do this either by going into the insurance company office, calling them, or getting a quote online. You may also be able to get information on typical prices charged by insurance companies from the insurance department of your state.
The purpose of buying insurance, other than legal requirements, is to provide you with peace of mind and to financially protect yourself. Because of this, it’s critical that you choose a carrier that’s financially stable. You can check how financially stable an insurance company is with consumer magazines and with companies like Standard & Poor’s or A. M. Best.
Don’t just stop with checking prices and that’s it. Ask your friends and family for recommendations. Call the insurance department in your state to find out if the carriers you’re considering have any consumer complaints against them. Choose a carrier that employs representatives who actually take time to answer any questions you may have.
Finally, check for discounts, but keep in mind that the key to your being able to save money isn’t by discounts on their own, but in what the final price is. A company that offers fewer discounts might end up being the one that will cost you less in the end.