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The Auto Insurance mistakes that can be costly

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Are you spending more than others on the car insurance? Well, you need to explore those missing advantages and discounts that are available to you. However, you have not availed them.

There are a variety of available discounts while buying car insurance. We miss them only due to unawareness. Here are some suggestions for you to put some cash back and spend on some other important activities.

Do not choose a too-low deductible

If you choose a too-low deductible, you are agreeing to pay a considerably higher insurance premium. It will not only harm you in your monthly expenses, but you will also face problems in getting claims from the car insurance companies. We suggest a good deductible to control the premium costs that will help you save money and manage the monthly expenses.

Do not miss the advantage of available discounts

When you go for buying the car insurance, you find numerous discounts around you. However, you do not avail them because you are unaware of them and no one guides you as well.

Some of the major discounts are:

Discounts when you have a good driving record

When you have a good driving record, you can get some wonderful rewards from your car insurance company. Some of them are:

  • Rewards when you have three years of zero at-fault accidents.
  • You have a clean driving record for three years.

The rewards when you are a good student

If you are a young driver and maintain a good GPA record, you can get the following rewards from the car insurance company:

  • If you are a male, good student, of age 20, own one car and driver, can get a discount up to 15%.
  • For a female student, who is 20, have a good GPA, and own a car and driver, the discounts are up to 10%.

Discounts when you attend a defensive driving course

When you take the classes of defensive driving course, you can get the following discounts:

  • If your age is between 16 to 25, you will get a 15% discount on the insurance premium.
  • Senior drivers can avail up to 5% discounts.

Discounts when you bundle your car insurance with home insurance or rental insurance

When you need home insurance or rental insurance as well with the general auto insurance, you can get 15% discount on consumer rates.

Discounts when you have the maximum safety features

You can get safety features discount if your car has the following features:

  • Airbags
  • Daytime running lights
  • Anti-theft systems
  • Anti-lock brakes
  • Rear-view camera
  • Emergency response systems

Discounts when you drive occasionally

You can save a huge amount of money if you convince the insurance company that you do not drive for routine duties. Some car insurance companies also offer you a “pay-by-the-mile” insurance package that can help you get a discount up to $400.

Do not stick with the same plan

Switching from one policy to another or buying the bundle can help you improve the premiums. Sticking with the same policy show that you are not interested in the current policy and the good companies do not bother it because they are getting some good financial results

Do not opt monthly payment plan

Monthly payment plans do not work for you and make your car insurance expensive. You should try to pay in a minimum of six-month installments. It will help you get five to 10% discount on your insurance premiums.

The Bottom Line

Overall, the first-time buyers are very excited when they are selecting the car insurance company. This excitement helps them forget discounted rates, pay extras to feel good in monthly payments and select too-low deductibles for getting good amounts in claims.

The best practice in this regard is to get awareness about the general auto insurance, its coverage, the available discounts, and other rules and regulations. Through this technique, you can not only improve your policy but also get excellent claims in case of an accident.

Tom Clark

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