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How to Save Money on Car Insurance

How to Save Money on Car Insurance
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Drive Safely – Being a safe driver will save you money. Most insurers offer Safe Driver Discounts, which can shave 25% off premiums. Accidents and traffic violations raise premiums.

Be a girl – 73% of all people killed in car accidents are men. Not a factor you can control; however, women are statistically better drivers.

Ain’t No Love in the Heart of the City – Statistically, there are more cars on the roads in cities, which mean there is more chance of hitting one. Additionally, levels of crime are higher in urbanized areas. Drivers in rural areas pay less for insurance.

Change your job title – occupations with the lowest auto insurance rates include:

  • Scientists
  • Pilots
  • Actors
  • Artists

All jobs that require attention to detail and translate well into safe driving habits.

Occupations with the highest auto insurance rates include:

  • Real estate brokers
  • Social workers
  • Executives
  • Business owners
  • Architects
  • Judges
  • Doctors

All stressful jobs with long working hours.

The rate of car accidents for doctors is only slightly lower than that of teen drivers.

Get married – A married person statistically pays less for car insurance than a single person with an identical driving record does. Insurance can cost as much as 50% less for married people, amounting to savings of up to $1,500.

Pay upfront – some insurance companies charge an extra fee for month-to-month premium payments. This can be as much as $10 a month, which equates to $120 a year!

Grab a discount – Driver discounts can mean savings in the range of 10%-20% off the bottom line. Discounts include:

  • Deductible discounts – shoulder small losses and raise deductibles from $200 to $500 and save 15%-30% on comprehensive premiums
  • Safety feature discount – Airbags, daytime running lights, and ABS will all reduce premiums.
  • Good student discount – For high school and college discounts over the age of 16 maintaining a B or better grade average.
  • Multiple policy discount – Given to individuals that take out more than one policy with an insurer.

Sources:
http://thelawdictionary.org/article/how-expensive-are-car-insurance-rates-for-married-people/
http://lifehacker.com/pay-for-the-year-up-front-to-save-on-car-insurance-1152684911
http://www.dmv.org/