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Insurance is necessary, and expensive. Fortunately, there are many ways you can save on insurance premiums. If you own more than one vehicle, if you carry home or life insurance, the simplest way to save on your insurance costs is purchase all your policies from the same company. Putting all your policies together under the same company is called bundling. Companies, understandably, offer substantial discounts on insurance when you purchase more than one policy. It’s also much easier to manage your bundled policies. You only need to see one agent in case of a claim, and you only need to pay one bill.

Another easy way to save money on your car insurance is to raise your insurance premium’s deductible. Simply moving up to the next highest deductible can save you a lot of money. Just make sure you can afford to pay that deductible in case you have to file an insurance claim.

It’s always a good idea to get premium quotes from more than one insurer. Companies frequently offer you a better deal once they learn you are checking out going with their competition.

And if you are a woman, a student, a senior citizen, a member of the armed service, a member of AARP, or over 25, you also get price breaks on car insurance. If your insurer does not offer a discount for your group, you may want to consider coverage with another insurer who does.

You can save even more money on your premiums by taking driver education or defensive driving. You will have to save the certificate you get for completing the course, but when you present it you may get as much as 10 per cent off your policy for the next two year?a sizeable saving for a few hours in a class.

Keep in mind that where you live impacts your car insurance rates. Drivers who live in urban areas will pay more than drivers who live in rural areas. Drivers who live in high risk areas will also pay more for car insurance than drivers who live in areas considered less of a risk. This is another reason why you want to obtain more than one car insurance quote. Different providers look at and define risk differently. What may be considered high risk to one provider might be considered safe to another provider.

Own a sports car? Consider trading it in. Sports cars demand higher insurance premiums for the simple reason that they are much more often crashed or stolen. But if you buy a car that is not considered high-risk, you will have a much easier time negotiating a lower rate. Contact your agent for details.

Finally, if you can’t find a discount from this list, ask you agent. Many companies have their own discount programs that help you get your insurance costs down. Whatever your insurance needs may be, your qualified insurance provider will be able to help you find the right coverage for your car.

Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica’s leading car insurance portal.insurance
portal.

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