How To Reduce Auto Insurance Costs

Buying a car is pretty exciting, especially if you’re buying one for the first time. The freedom to be on the road with your family, the ability to take your time to get anywhere you need to go and the sheer convenience of a car make the cost worth it, especially if you get your car brand new. However, the costs don’t end after the initial amount that you pay, and this is where a lot of people struggle to balance their cash.

There are insurance costs to factor in along with the costs of gas, road tax, MOT and repairs. Car repairs can be account crippling, especially if something has happened that you didn’t anticipate. Insurance costs can also tend to creep up if the car has had a fair few accidents. Carchex offers Dodge Ram extended warranties, so if you want to add a little extra protection to your new vehicle you should invest a little money there. Sometimes, it takes investing a little cash to make savings; if you spend a little more on extended warranties, you can save money in repairs. When it comes to insurance, reducing the costs of it as much as possible can help you with your wallet this month!

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  1. Older Vehicles. If you’ve had your car for a while and you’ve paid for it outright, you should consider taking collision coverage off your policy. It can make up a big chunk of what you pay for your insurance, so it could save you a fair bit.
  2. One Company. If you have home insurance alongside insurance for your vehicle and contents, try and keep all of these with just one company instead of having more than one place that you are paying for. You can often save a lot of money by having them all together.
  3. Deductibles. If you look at how much you have nominated for your deductible amount, look at your budget and see if you can raise this. If you can do that, you can slash the costs of your overall insurance.
  4. Quote It. If you call around a few companies before you decide on an insurance provider, you can possibly save yourself some cash by haggling! Premiums vary from company to company and if you mention a cheaper quote elsewhere there’s a chance that you can make a saving.
  5. Drive Less. When you are getting an insurance quote, they tend to quote you based on usage. If you don’t drive your car as much, you can save some money with your insurance quote. If you carpool or drive infrequently, be sure to mention it. It can make a massive difference.
  6. Safety First. The best way that you can save money on insurance is to buy a car with extra safety features like airbags and automatic seatbelts. A smart choice like this can be rewarded with discounts.

Saving money on your car insurance can be done with a little smart shopping and a lot of patience. Shop around before you buy!

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