Security equipment: Install a car alarm system, anti-theft, or tracking device that lowers the chances of your car being vandalized or stolen, and you can get discounts on your car insurance. Safer cars also tend to get better rates. So buy one with high safety ratings.
Bundle
If you’re willing to buy several insurance policies home, auto, multiple drivers, multiple cars, etc. from the same insurer, it may serve as an incentive to offer you a discount.
Defensive Driving
Convince the insurer that you’re a safe driver by taking a defensive driving course through the DMV or an accredited driving school. It’ll help you improve your driving skills too. A course like this can also remove points from your driver’s license.
Raise Deductibles
Ask your insurer to raise your deductibles to get a discount on your premiums. Make sure you keep that much money aside just in case you need to claim insurance. Also ensure that you’re a safe driver first.
Pay Premiums Twice a Year
Instead of a monthly premium, pay it every six months. It’ll help reduce your rate a little. Of course, you’ll need to keep six months’ worth of premium ready at the start of the period. But you could also save on service fees and other monthly costs.
Parking in A Garage
Vehicles parked in garages are less likely to be stolen. They’re also less prone to hit and runs or other collisions. Therefore they are at lower risk, and the insurer may use this point to reduce your premium rate.
Alternative Transport
How much you drive also influences your insurance rate. So walk, take the bus or train, carpool, or call an Uber. The fewer miles you drive, the better your chances of reducing your insurance rates.
Youth Advantage
If you’re under 25, you’re viewed as a high-risk driver and will have to pay high insurance rates. Add a more experienced driver like a parent or a sibling to your policy, and you may be offered a bulk rate.
Credit Check
Your credit score can influence your premium rate. So ensure that you make all your payments on time and don’t max out our credit cards. High credit scores can lower your premiums.
