Car insurance premiums can vary depending on a number of factors. Your driving record, the type of car that you drive, your age, and where you live can all have an impact on how much you pay for car insurance premiums. The good news is that because there are so many factors that can adjust the amount you pay for insurance, you are often able to reduce your rate with a few different strategies. Here are five suggestions for what you can do to keep the cost of your car insurance policy a bit lower than it may otherwise be.
1) Improve Your Credit Score
Your insurance premium is influenced in part by your credit score. Drivers with better credit scores tend to have lower insurance premiums than drivers who have mediocre or poor credit scores. There are a great many steps you can take to improve you credit from paying off credit card debt to consistently paying bills on time and in full. Look into what you can do to improve your credit.
2) Take Advantage of Discounts
There are a myriad of discounts that can help you save money on your car insurance policy. For example, teen drivers can take advantage of driver education courses of good student discounts. Adult drivers can talk to their Calgary car insurance provider such as Dyck Insurance to learn more about how you can secure your car, about no claims discounts, or accident forgiveness programs.
3) Keep Your Driving Record Clean
Drivers that don’t have accidents or traffic violations on their record can lower their insurance premiums significantly. If you have an accident or traffic violation on your record, it is important to know that those marks come off of your record within five years. Therefore, maintaining a clean driving record after an accident or traffic ticket still means something.
4) Add Security Features to Your Car
Adding security features to your car makes it less likely that it will be vandalized or stolen. Installing an anti-theft device or an alarm system can be an easy way to secure your car. Keeping it in a garage at night is another easy way to accomplish that goal.
5) Reduce the Number of Miles You Drive Each Day
Your car has a chance of being in accident each time that it is on the road. Reducing the number of miles that you drive each day can help lower your premium. If you can’t keep your car off of the road, driving on roads with less traffic may be able to lower your premium as well.
Your car insurance rates may be higher than another driver’s rates for a variety of reasons. By taking advantage of discounts, adding security features to your car and improving your credit score, you give yourself a chance to reduce your rates in the future.