Owning a car can be expensive if you don't search for creative ways to save money. One of the easiest ways a driver can pay less each year is by finding a cheap car insurance policy. There are a number of variables that go into calculating the cost of your policy; keep reading below to learn more about just a few of the ones you should focus on in order to pay as little as possible for a good policy.
Add Another (Experienced Driver)
Inexperienced drivers are often seen as representing a higher risk, and they pay higher insurance rates as a result. Fortunately, drivers who are relatively new behind the wheel can easily bring their rates down a bit by adding a second driver to the policy — as long as the driver is more experienced. Whether this is a parent, an older sibling, or someone else who regularly uses your vehicle, a second driver can be helpful to someone seeking cheaper car insurance.
Take an Approved Class
Many insurers are more than happy to lower rates for drivers who proactively take driver education courses. If you are interested in taking a course, first check with a potential insurer to see what classes are eligible for a discount. Then compare the cost of the course with the discount amount offered. Many drivers are surprised to find that taking just a few hours out of a single weekend can result in substantial insurance savings over the long term.
Park in a Garage
Insurance companies will always reward drivers who take steps to minimize the risk of their vehicles being stolen or damaged. One easy way the average driver can do this is by parking in a locked garage instead of on the street. While it may seem like a hassle, cleaning out your garage to make room for an insured vehicle can actually result in noticeably lower insurance payments.
Ask Questions About Coverage
No two insurance policies are exactly the same. For example, some "standard" policies may be more comprehensive than others, and therefore more expensive. Take the time to ask an insurance representative about all of the different types of coverage included in a particular policy, and which ones are legally required (versus which are merely recommended). Doing so can not only help you make a more informed decision but also get you a cheaper rate in the process.