We all want to save more and spend less, right? Unfortunately it’s easier said than done. Since we’re all about being helpful here at Verti – we decided to come up with a few ideas on how to save money, specifically on your car insurance!
- Raise your deductibles
We know. This seems counter intuitive, but raising your deductibles – or the amount you pay out of pocket before your insurance covers the rest can help you lower your monthly premium. It can be much more painful if you have an accident and need to pay that larger deductible before your insurance kicks in, but you’ll save a bit of cash on a monthly basis.
- Pay car insurance in full
Did you know that paying premium every month actually means you’re paying more in the long run? That means you can save some serious cash if you choose to pay your car insurance all at once. If you’re insured with Verti and looking to pay in full – we’ve got news for you, you automatically get an 8% discount, no ifs, ands or buts about it!
- Keep your credit score high
Having a high credit score not only helps you get approved for a credit card or a car loan, but it can also help you lower your car insurance rates. This is because some insurance companies’ rate you based on facts such as where you live, how old you are, how long you’ve been driving and your credit score too. We recommend monitoring your credit report, clarifying any errors if there are some, and keeping credit card spending to a minimum if possible. It may seem like a pain to maintain but it’ll pay off – not only in your credit score, but also in your insurance premiums.
- Ask about discounts
Not sure if you’re getting all the discounts that are available to you? Call your insurance company and ask! Not only is it a great way to see if you qualify for more discounts and freebies, but also a good time to review your policy and all the subsequent coverages too.
- Install car security equipment
“Does your car have an anti-theft system?” If you’ve recently been shopping for car insurance you’ve probably heard this, but that’s because a car alarm, anti-theft and even tracking system helps to lower the risk of your car being stolen or vandalized. This type of system may mean lower premiums on comprehensive coverage. On the bright side, your car may already have some of these features standard, which means you’re likely already getting the benefit.
There’s a lot of factors that go into your insurance rate, but that doesn’t mean you can’t use some of these tips, tricks, and hacks to help lower your policy premiums. Did these hacks help you? Let us know on Facebook and Twitter!