Saving How to Save Money on Car Insurance Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Credit: Pixabay If you are reading this, then you probably cringe every time your insurance premiums are due, and rightly so. Car insurance can be costly if not well managed. Here we explore some helpful tips on how to get cheap car insurance. Yearly Rate Check Credit Stocksnap If you have been with one insurer for a long time, and have never made any claims, it’s hard to get a better deal by switching providers. Nonetheless, you should not get complacent. At least once every year, take time to get quotes from different companies to compare with what you currently have. If you feel like it’s too much work, you can hire an independent agent to do this for you. Look Out for Discounts Credit Pixabay Insurance companies often offer discounts based on your risk profile. Generally, the more low-risk lifestyle you live, the more discounts you get. Some of the discounts include: Good grades discounts for students Driver training course discount for new drivers Refresher course discount for older drivers Defensive driving course discount Group discounts e.g. college alumni, certain professions and occupations. Safety and anti-theft equipment discounts Have a Good Credit Score Credit: Pexel In most states, insurance companies are allowed to use your credit score to set your premiums. Ask your provider for a discount on your premiums if you have a good credit score. If your credit score has been affected by a life-changing event such as job loss, divorce, military deployment, death of a family member or recession, then you can always ask them to consider making an exception. Reduce Mileage Credit: Pixabay The number of miles driven per year contributes a great deal to your premiums. The more the mileage, the more you will pay. The yearly average is approximately 12000 miles. If you drive fewer miles per year, you can have up to 10% shaved off your premiums. A good way to save on car insurance is to not drive at all – try using other transportation methods to get around the city. Buy What You Need The insurance coverage you need when you’ve just bought a new vehicle is usually different from what you will need later on. Rates for the new car are usually higher if you took a car loan. This is because you will be required to buy collision and comprehensive coverages. Once you’ve paid off the loan, you can explore the coverage options afresh. Assess the value of your car since you might actually have more collision insurance than you require. If the car is a bit old, you can actually get away with dropping collision coverage completely. You should never drop comprehensive insurance since it provides coverage against theft, vandalism and storms. Combine Policies Credit: Pixabay If your insurance provider offers other forms of insurance such as renters, homeowners or life, you can opt to purchase multiple policies. Most insurers will give discounts if you sign up for different packages from them. For example, you can purchase homeowners’ insurance along with the motor vehicle insurance. This is how to get cheap car insurance. Get the Right Car Credit: Pexel Premiums usually vary based on the model of car you’re insuring. You should ask your potential insurer to give you premium quotes on the vehicle models you’re considering. Pick an auto insurance policy with the lowest premiums.