Do you want to know how to cut your auto insurance premiums considerably? Here are a few tips that you may not have considered!

Choose a less flashy car

While everyone would understandably want to drive the latest whiz-bang model that rolls off the assembly line, settling for a more modest alternative may actually be in your favor if you are interested in low cost auto insurance. This is because high-ticket models and sport cars are generally seen as “high-risk” vehicles by insurance companies. Luxury models are much more likely to be stolen than a mid-priced sedan after all, and they are much more expensive to repair in the event of damage. Sports cars, for their part, are often considered accident-prone vehicles, since they are designed for high speed driving.

Install safety features

Not many people are aware of this, but simply installing safety devoices such as anti-locking brakes and car alarms can reduce auto insurance premiums considerably. This is because such devices can greatly reduce and/or prevent incidences of accidents and theft, which is a definite bonus for virtually all auto insurance companies. 

Maintain a good driving record

Another effective way to get low cost car insurance is by keeping your driving record clean. After all, who do you think insurance companies would rather give low cost car insurance to: a safe Sunday driver with a good, clean record or one that has a pile of moving violation tickets? Keep it clean and you stand a much better chance of getting a good rate on your car insurance.

Go for a higher insurance deductible amount

Insurance companies are much more likely to give you lower premiums if you are willing to take on some of the financial burden yourself. By reducing the amount that you will receive off an insurance claim, you can expect a corresponding reduction in your premiums as well. 

If you’re a California resident who is concerned about the cost of his car insurance premiums, you should pay attention to your location. Given California’s car owning population, living in areas with relatively low car accidents or car thefts can make a big impact on how much money an auto insurance company will charge you.

However, the trick to getting low cost California car insurance doesn’t necessarily end with your place of residence or where you keep your car. And if you play your cards right, you can get 20% to 30% off of your car insurance coverage.

For starters, it’s important to pay your premiums using your savings or checking account. This method helps you avoid paying fees for mailing expenses. Also, it helps if you use the internet in buying your insurance as that can help speed things up for both you and the insurance company. It may not seem much but every bit of money you save matters in the long run.

Another way you can save on your car insurance premiums is by proving to your insurance company that you use a garage. Given the constant threat of car theft and vandalism, many insurance companies will try to ascertain that your car is properly secure, which is particularly true if you are living in a high crime area. So having a parking garage is certainly an excellent way of not only protecting your car but also reducing your car insurance costs.  

And thirdly, you should try increasing your deductible so as to reduce your monthly premiums as well. One word of caution though. Make sure that you don’t increase your deductibles beyond the point of what you can afford to pay in the event that you do need to make claim. Remember, although we buy car insurance  as a matter of legal necessity, it is also for our benefit.