I’m sure you’ve all heard a cute little reptile spout out a catchy line about car insurance, and you’ve probably never thought much of it. Last week, I told you about the basics of car insurance. Today I’d like to show you some ways you can save money when shopping for car insurance.
Some ways to save money on car insurance are more obvious than others. In high school, when I got my first car, my mom asked our insurance company what discounts they offered to students. The insurance representative said that students who had taken driver’s education or driving school could get a discount on their parent’s policy. But, the most surprising discount they offered was based on good grades. Being a good student not only helped me to get into college, but I also saved on my car insurance. All of these discounts were possible on my parent’s plan, but what happens when you’re older and start looking for your own plan?
The cost of car insurance for people our age (teens to early 20s) is generally much higher than for older adults since new drivers are at a higher risk for getting into car accidents. When you turn 25, you will have an additional decrease in your car insurance rate, so you will pay less on premiums if you are in an accident. Plus, if you have a clean driving record (no tickets, accidents, etc.) you can get more discounts on your insurance plan. Every insurance company is different, so when you get car insurance, make sure you do your research to find out what discounts are being offered. You can find this information by going to the insurance company’s website or even calling a representative on the phone. What discounts are available from your insurance company, and how many of them can you take advantage of?