Whether you plan to buy a new car, or want a lower insurance premium on your current car, we have some ideas that may help you minimize your policy costs. Check out Delray Honda's list of five ways to reduce your car insurance payments.
- If you own an older car, consider opting out of comprehensive coverage. Depending on the vehicle's age, it may not even be worth what you're paying for it in insurance. If tha's the case, think about sticking with liability coverage only.
- Review your policy on an annual basis; depending on your current situation you could be eligible for a premium reduction. For example, if you've moved over the last year and now drive less, you may be able to get a discount.
- Insurance rates for more expensive car models tend to be on the higher side, so if you're in the market for a vehicle and want a low premium, buy a car that's reasonably priced.
- Think about investing in a pay-as-you-drive policy, which ties the cost of your premium to the amount of miles you drive each year.
- Lastly, you should purchase your insurance through a reputable company. You can check out the National Association of Insurance Commissioners' (NAIC) Consumer Information Source online to see which companies have the best reputations.
In addition to these ideas, there are also several discounts available. Drivers over 55 years old and members of certain professional organizations are eligible for discounts through certain insurance companies, for example. And, a final note: It's always good to comparison shop. Get a quote from one company, then call another and see if they can offer comparable coverage at a lower price.
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