With the ever-increasing cost of living, it comes as no surprise to learn about how many people are desperate to find new and smarter ways to save money. Cutting back on your expenses is only possible to a point, if you still cannot make ends meet after that then you need to do something more drastic to get by.
That doesn’t mean you need to sell your soul to the devil – it means you should look into getting more affordable car insurance. If you’re wondering how on earth you could even begin to do that, you’ve come to the right place!
Below are five effective ways to make your car insurance more affordable:
1. Multi-Car Discounts
Instead of insuring one vehicle at a time, take advantage of the multi-car discount for your cars and your gadgets. That is offered by most, if not all, insurers and it is a quick way for you to both save money.
Have a chat with your partner or sibling and see if there is a way you can both win. Ask your insurance agent to see what will qualify for a special deal. Generally speaking, multi-car discounts only apply to drivers related by blood or marriage, and they have to live at the same address as you.
2. Improve Your Driving
Sometimes insurance companies provide a decent discount to better drivers. Now, that doesn’t mean that if you’re a self-declared better driver that you’ll save money – you have to be able to prove it outside of GTA5.
Take a defensive driving course from an approved center. That could help lower your insurance premium, or – at the least, it will reduce the number of points you have on your license.
Ask your insurance company if they apply a discount to accredited drivers because every state has its own rules about driving courses.
3. Shop Around
The tried and trusted method for reducing your monthly premium is to shop around for the cheapest car insurance in Maryland. The best way to do that is to find companies that will give you comparative quotes so you can do a comparison of new versus old.
Experts recommend that you shop around every six to twelve months, just to make sure that you are getting the best deal available. Insurance companies run sign-up offers and promotions quite regularly.
Even if you don’t save money, at least you can rest assured that you tried and know that you have the best option that is out there.
4. Increase Your Claim Deductible
While this is not necessarily a preferred method of reducing your premium, increasing your claim deductible can save you money on your monthly charge.
That means you’ll have to pay more in the event of a claim, but you’ll get a discounted premium on your monthly fee.
5. Get A Smaller Car
The math on this one is simple, smaller cars are generally cheaper and therefore cost less to insure. Not only that, but smaller vehicles are often more economical to run and cost less to maintain.
Whichever way you choose, you are sure to save money on your monthly insurance premium by following one or all of the tips above.
Also Read: The Internet Of Things In Insurance