Save on Car Insurance

5 Ways To Save on Car Insurance

If you are looking to save money, insurance premiums can be a great place to start. Often, motorists are unaware that they can enjoy a good auto insurance cover at much less than standard market rates. In this article, we look at five ways you can pay less for car insurance.

Low Mileage Discounts

Every mile you are on the road puts you at risk for some of the risks for which you are insured. For this reason, insurance companies often offer low mileage discounts for clients whose annual mileage falls below a certain threshold. You might reason that you can’t lower your mileage without limiting your lifestyle. However, it is possible to reduce your car usage by carpooling, walking, riding a bike or using public transportation. Not only is it healthy for you to walk or bike to some locations, but it is also good for the environment. Ask your Car Insurance AtĀ Youi company about their low mileage discount today. You could save hundreds of dollars on your premium, and much more on fuel costs.

Safety Features Discounts

Safety features in your car help reduce the risk of accidents and theft. They also reduce injuries and casualties in an accident. Improving your car’s safety features can reduce your premium through safety feature discounts. Examples of safety features include anti-lock brakes, anti-theft tools, airbags, traction control, and electronic stability tools. Daytime running lights are also a favorite of many insurers because they improve your visibility on the road. Although these additions to your car may cost more initially, they will translate to future savings in car insurance premiums.

Customer Loyalty Discounts

If your auto insurance policy is due for renewal, it is a good idea to renew the policy with the same company. You could qualify for customer loyalty discounts that most motorists aren’t even aware of. If you’ve had any changes in your details such as a relocation, marriage or birth, be sure to update these details as they may qualify you for a different premium. Car insuranceĀ www.youi.com.au

No Claim Discounts

Car insurance companies love customers who do not make any claim in a given year as this is how they make profits. There is a special discount that you qualify for in such circumstances known as the no-claim discount. This discount is often cumulative with each consecutive year’s good record. If you pride yourself on being a careful driver who never makes any auto insurance claims, this could be a good avenue for saving money on premiums.

Buy a New Car

Car insurance payments are higher for older vehicles than they are for newer ones. This is because of difference in mileage, wear and tear, and enhanced safety features. If you have been thinking of trading your old vehicle in for a newer one, the lower insurance premiums could be the excuse you need.

Using the above five tips to lower your car insurance premiums ensures you save your hard-earned money while enjoying the extra benefits such as enhanced safety, health, and convenience.

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