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Get professional auto insurance advice from experts in the industry. At Lighthouse Insurance, we know how to save you insurance, and make every effort to find you the best rates possible without sacrificing your safety or our standards.
10 Ways To Save Money on Car Insurance
| 1. | Shop around. Shopping around should definitely be your first step. The best time to start shopping is approximately 30-45 day prior to your current policy expiration. This will ensure that you get the latest auto insurance rates. Don't be surprised when you see insurance premiums vary by hundreds of dollars for the exact same coverage. Shopping with Lighthouse Insurance can provide you with Rates from various National carriers including: AIG, GMAC, Mercury, Metropolitan, Travelers and many more. |
| 2. | Increase your deductible. Raising your deductible is a great way to decrease the cost of the policy. If you increase your deductible from $250 to $500 you can save 10% or more on your car insurance premium. Keep in mind, that if you do get into an accident, it will cost you more money to have your automobile repaired. Before raising your deductible, make sure you can handle the larger out of pocket expense. |
| 3. | Bad Credit. Believe it or not, most auto insurance companies will consider your credit history when quoting you a price. For some reason, they consider there is a correlation between your credit worthiness and the perceived risk. So my advice is to keep an eye on your credit report. Make you payments on time and you should be able to obtain the lowest auto insurance rates. |
| 4. | Try to Drive Less. Driving less can decrease your car insurance premium. If you drive 7,500 miles or less each year, you can qualify for a low-mileage discount. |
| 5. | Safe Driving. Ever get into an accident? If so, this can negatively affect your ability to receive a low auto insurance premium. Most accidents take up to three years to come off your record. The following examples can contribute to poor driving record; an accident, drunk driving, moving violation and driving while intoxicated. |
| 6. | Buy a low-profile car. Want the fast sports car? Then plan on spending a ton of money on car insurance. Sports cars are considered a high risk vehicle because statistics show that people who own them drive more recklessly. If you want a low auto insurance premium, you might want to consider a family sedan instead. |
| 7. | your car in a garage. Cars parked in garages are less likely to be stolen, vandalized, or struck by other vehicles. Using a garage to store your car may entitle you to a slight premium reduction. |
| 8. | Car Alarms and Safety Devices. Every car insurance company offers a discount for cars equipped with an anti-theft device. If you're purchasing a new car, keep in mind that insurance discounts can be applied when your vehicle has anti-lock brakes, automatic seat belts and air bags. These discounts can vary from 5% to 15% off your premium. |
| 9. | Multi-family and multi-policy discounts. You may receive a discount from your insurance company if you buy more than one type of insurance through that same company (e.g., auto and homeowner's). A discount may also apply to your auto insurance if you insure multiple cars under the same policy or with the same company. |
| 10. | Driver Training Courses. You may qualify for more discounts if you take a NYS Defensive Driving course or a Drivers Education course. These discounts are usually around 10-15%. |