Paying your car insurance premium and keeping it current is one of the most important things you can do. You may never truly understand how critical auto insurance is until you need to file a claim. That's when you become elated with the fact that you are able to recover from your damages without having to cover the entire cost on your own. However, as vital as it is to carry the coverage, the price might be starting to pull at your purse strings. If you're on the hunt for a few things you can do to bring your monthly premium down to a manageable level, reading through the information below is a great place to start.
Know Your Driver Placements
A little-known piece of information that some insurance companies use to determine rates involves driver placement. When you take out a policy, one of the questions that some carriers ask is, "Who will be driving which car?" The information that you give at this moment could be the difference between receiving a rate you can afford and hearing a price that's so high it nearly knocks your socks off!
For example, if you own a sports car and mistakenly add a teenage child to the policy without specifying that they will actually be driving the sedan, you may be floored at how much your premium increases. If you aren't asked outright, the system may just randomly assign drivers to the car that is listed first on the policy. Be very specific and make sure your insurer understands who is going to be driving each car because this is definitely not something you want to leave up to chance.
Keep Your Usage Up-To-Date
If you're one of the millions of people who currently work from home, there is a good chance that you don't use your car as much as you did in the past. With no commute to contend with your car may not move more than a few times a week. Make your insurance company aware of these changes. After all, when you spend less time on the road you decrease the risks that come along with being in traffic.
There are a number of things you can do to achieve a premium that won't break the bank. Take the first steps by starting with these suggestions to see just how much money you are able to save today.
Reach out to an auto insurance company to learn more.