Ways to Get Help Paying and Save on Car Insurance Bills
Here are some ways in which the car industry works and sets insurance rates, along with tips to help you save on your car insurance bills and get help from paying high insurance bills.
If you have a good credit score, you will pay less on your car insurance.
Almost all car insurers will pull your credit report as numerous studies have shown that if your credit score is good, you are less likely to need help from the insurer (thus reducing their expenses), you are less likely to file a claim and you will pay your monthly car insurance bills on time. Therefore, if you have had unusual credit activity, wait a month or two for it to return to a normal status before trying to buy car insurance. Also, if your credit history is questionable, clean it up as soon as you can.
Get All Available Discounts
You need to get all available discounts on your automobile insurance. This will lower your need for help paying those monthly bills and premiums. Some discounts to ask about include:
- Combination Discounts
- You can lower your rates by 10% to 20% if you insure both your car and home with the same company. If you are loyal to them, insurance companies will provide you with this help which can go a long way towards paying bills.
- Loyalty Discounts
- Stay with the same insurance company for more than one year, and you could reduce your insurance bills by up to 10%.
- Defensive-Driving Classes
- This can lead to a 10% discount on auto insurance bills.
- Association and Group Discounts
- Discounts and lower bills may be available if you have any type of affiliation with different sorts of associations. For example, a military group, your alma matter, or a professional organization
- Good-Student Discounts or College-Kids-Who-Are-Far-Away Discounts
- Students with a GPA of 3.0 or higher are usually eligible for insurance discounts of as much as 25%. Also, if your college student is at least 100 miles from your car, your need to tell your insurance company as you could save up to 40% on your bill.
You can wait to add a teenager to your automobile policy until she or he is licensed.
You do not have to add add your teenager to your car insurance policy just because she or he has reached driving age. Wait as long as you can as when the teenager is added, the bills you are responsible for paying will increase. You can wait until he or she has a drivers license before adding them. Never forget to notify your insurance company that you have a licensed teenager.