Follow these things and you will lower your insurance costs

Are you in search of the best but cheaper car insurance? It is only practical to find the cheapest car insurance but also has the best offers and coverage.

It would be a pain in your budget if your car insurance is so high. There are many factors that can affect the price of car insurance. You can’t control some of them, but there are also

some actions you can do. Philkotse.com prepared some of the different things you need to know to lower insurance costs.

1. Do a canvass of as many car insurances as possible

Insurance rates differ depending on the insurance provider. Thus, it is better to have more than one quote of rates before you choose.

In fact, it would be best to have quotes for car insurance as many as possible. In this way, you can find the cheapest rates that you can avail of with good benefits.

Insurance rates differ depending on the insurance provider

It would be a bit of a hassle if you visit the physical place of every different car insurance provider. It is also time-consuming and costly. In line with this, there are sites that you can use to compare different car insurance companies online.

You can also use a car insurance calculator online. Make use of these tools as much as you can for your benefit.

>>> FYI: Car smart: 19 car insurance terms that you definitely need to know

2. Select the higher deductible

A deductible is total money that you decide to pay from your own wallet before policy benefits kick in. The customer can decide on how much deductible he/she wants.

If you choose a higher deductible, you will pay lesser insurance rates. The insurance company will have less risk this way thus they lessen your premium. Though, you need to pay more from your wallet if an accident occurs.

The customer can decide on how much deductible he/she wants

>>> Make sure you know: 10 must-know things to consider before buying car insurance in the Philippines

3. Ask about discounts on low mileage

Many car insurance companies give discounts to drivers whose yearly mileage is lesser than the average. This kind of discount is applicable to you if you only use your car in a very short period of time.

Check the mileage you can consume within a year. If it falls below the annual average, then you can make use of this discount from some insurance companies. Thus, make sure to inquire about it.

Many car insurance companies give discounts to drivers whose yearly mileage is lesser than the average

>>> Tips for you: 16 useful driving tips to enhance your fuel mileage

4. Ask for other discounts

There are many discounts you can avail of in car insurance. The insurance workers aren’t required to reveal such information so it is better to ask about it.

Do not be shy about asking whatever kind of discount you are suitable for. Some insurers offer discounts to senior citizens, students, and vehicles that are equipped with safety features. These features include car alarms, anti-theft devices, and GPS tracking.

There are many discounts you can avail of in car insurance

5. Enroll a course on defensive driving

Some of the insurance companies offer a discount if you finished defensive driving classes. You should take this course from a driving school that is accredited.

Before you enroll in this course, make sure to ask first about this kind of discount. As I’ve said earlier, only some insurers offer this kind of discount. You also guarantee that the money you paid for the course will not be wasted.

Some of the insurance companies offer a discount if you finished defensive driving classes

>>> Relevant article: Car confidential: Which is better, defensive or offensive driving?

6. Be a safe driver

Maintain a clean record on the road. If you have no bad record as a driver, insurers will give you a low premium.

You are also qualified for discounts like a no-claims bonus. One year of no-claims bonus could be equal to a thirty percent discount on your monthly premium.

Maintain a clean record on the road

Moreover, if you have a clean record for 4 to years, your discount could go up to 50 percent. And if you select a higher deductible, you could be paying a monthly premium in a lesser amount.

7. Avoid coverage gaps or lapses

A lapse or gap in insurance coverage is an event where a driver didn’t obtain insurance for his/her car. There are many reasons why a driver suffers from lapses or gaps in insurance coverage.

There are many reasons why a driver suffers from lapses or gaps in insurance coverage

This lapse in coverage can make the car insurance providers increase the premium of a driver. To prevent these lapses or gaps, ensure to pay the monthly premium on or before the due date.

8. Increase your credit rating

Some people are surprised that credit rating affects the amount of the monthly premium they are paying. This is true because some insurance companies consider people in good financial state are also careful in other aspects of life, like driving a car.

If you want to lower the insurance costs, you need to increase your credit rating

 According to some financial consultants, a driver could end up giving as much as fifty percent more if he/she has a low credit rating. Thus, keep your credit rating good or high by paying the bills on time.

>>> Recommended for you: Choose yourself with the better cars for low insurance premiums

9. Don’t avail comprehensive and/or collision coverage

This is only advisable if your car is an old model. You can choose not to avail of collision and comprehensive coverage together.

You can compute on your own to know if its good for you to remove these coverages. Add both premiums, then multiply it to 10. If the current market value of your car is less than what you get, then it is okay for you to remove both.

You can choose not to avail of collision and comprehensive coverage together

10. Select a secure and safer vehicle

If you are purchasing a new car together with your insurance policy, select a secure and safer one. Choose a vehicle that has many built-in safety characteristics such as seatbelts, airbags, and anti-lock brakes.

Moreover, it also looks for a car that has many security features. These kinds of cars are less likely to be stolen or partake in an accident. That is why insurance providers are more enthusiastic to offer lower monthly premiums for them.

If you are purchasing a new car together with your insurance policy, select a secure and safer one

>>> Also check: Red flags to look out when buying a new car

Moreover, it is advisable to have your own garage for your car. Statistics show that cars parked in garages are less prone to be stolen than vehicles that are parked only along the driveway or street.

Car insurance’s cost is expected to continue to increase as the years pass by. I hope that the things shown above can help you to lower your car insurance costs. Make use of every detail discussed to acquire a lower cost for your car insurance.