Buying a used car and intending to insure it? What are some tips for saving on insurance for a used car?
Rather than going with the first insurance company you contact, do some searching around for different companies and see what their rates are– “comparison shop” to get the lowest rate. Doing so could save you a couple hundred dollars.
When you do pick a company to utilize, there are some ways to save money. For example, you can increase your deductible. Most people will increase their deductible from $500 to $1,000, which brings down their premiums by about 20 percent on average. Also, consider dropping collision and comprehensive insurance to save over $1,000 a year. Now if you live in an area where you suspect you might get a cracked windshield, keep the comprehensive insurance.
Have you taken a defensive/safe driving course? That can help lower your insurance rate(s). For a couple hours of your time (possibly all of it online!) you could save 10 percent or more.
Do you not drive that much? If you drive less than 10,000 miles a year, tell your insurance company. You might get a discount.
If you have homeowner’s insurance, see if you can bundle your auto coverage with it. You might save a couple hundred dollars just by utilizing the same company for both home and auto coverage.
Finally, consult with an independent insurance agent who is not beholden to just one company. He or she represents several insurance companies including some you might not even know about– and this can help you save quite a bit of money when the independent agent finds the best deal for you.
Are you looking for a used car in Lehighton, PA? Come to 443 Auto Sales at 2848 Blakeslee Boulevard and check out the latest inventory. Call 570-386-0443 for more information.
