How to Get Budget Car Insurance Rate
Reader question:
How can I save the biggest chunk on my car insurance premium? I am on a slim budget right now and need all the help I can get.
Bella
Thank you for your question, Bella.
The fastest and most heavy hitting way for you to save money on your budget car insurance premium is for you to raise your deductible. A lot of people get by with higher car insurance premiums but keep their deductible at around two hundred and fifty dollars. I get that, as about a year ago I would have had trouble coming up with those two hundred and fifty dollars. However, I saved up the money I saved and raised my deductible, and now I have three thousand dollars in savings and a one thousand dollar deductible that I’ve never had to pay.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
Cheers,
Fashun Guadarrama.
How to Get Budget Car Insurance Rate
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