Drop Coverage You Don’t Need

When your insurance renews, which is typically every six months for most drivers, talk with your agent to make sure you’re not paying for coverage you don’t need. Your insurance needs probably change more frequently than you might think.

Look for Discounts

Just because you searched for insurance discounts six months ago, that doesn’t mean the same discounts are the only ones still available. Before making any decisions, you should always seek out new discount programs prior to signing on the dotted line. There are always new and ever changing opportunities to save money on your premiums.

Improve Your Credit Score

It’s no secret that a better credit score will result in better car insurance rates. If you know that your credit score has increased, you should always ask your insurance agent if that could result in a decrease in your premium costs.

Pay Your Premiums with a Credit Card

With the average cash back credit card earning you anywhere from 1%-5% cash back that’s like getting a bill from your insurance company and then only having to pay 95%-99% instead of 100%. It might not seem like a significant amount of money, but after many years, it could add up to a decent savings.

Tell Your Kids to Keep Their Grades Up

Most major car insurance companies offer some form of good student discount. If your kids get good grades then you save money. Some companies offer savings for a C while most offer savings for you that range from 5 percent to 15 percent if your student maintains a B or an A on their report cards.

Find out if Your Occupation Can Save You Money

Car insurance actuaries may calculate your car insurance rates by assigning different risk classes to different types of occupations. Some occupations have cheap car insurance rates while other occupations get assigned an added level of risk that increases their rates.

Take a Driving Course

Signing up for a defensive driving course. It will take up minimal time and save you money, so it’s well worth the effort. You can also take a first time driving course like Driver’s Ed.

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