There are many ways to save money on your car insurance. You can enroll in a loyalty program that will allow you to get up to 10% off your premiums. You can even earn points by paying your bills online. Some companies offer discounts for certain behaviors, like driving safely, such as not speeding. These can save you anywhere from five to twenty-five percent a year. Other discounts may include discounts for good grades and having security devices installed in your car.
Another way to save money on your car insurance is by opting for third-party, fire, and theft coverage. Although third-party only insurance may be cheaper than comprehensive cover, it may not give you the coverage you need. Parking your car off the road helps to reduce your risk of theft and vandalism. Another way to save on premiums is to add additional drivers, though you must be honest about who will be driving the car.
If you drive an older vehicle with a low value, it may be best to drop the coverage altogether. It’s possible to save money on both collision and comprehensive by adjusting your deductible. If you’re younger, you can also lower your premium by increasing your deductible. Make sure you check out all options before choosing the insurance policy. You may be surprised at the savings you’ll get.