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Surprising Tricks For Lowering Car Insurance

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Do you want cheaper car insurance?  Here are four tricks on how to make this possible:

Own the Car

To have cheap car insurance, you need to be able to cherry pick the coverage you need. For example, it should be up to you whether to buy collision coverage or comprehensive insurance. However, if you are driving a leased car, then the dealership decides your insurance.

Buying a car on loan helps a bit because you will eventually own it one day. In the meantime, however, you have to insure it according to your lender's requirements. The sooner you pay for the car, the better you will be able to customize its coverage.

Pay Your Bills on Time

Most companies believe that if you have a bad credit score, it means that you aren't careful with your money. If you aren't careful with money, then it's likely that you aren't careful with other aspects of your life, including your driving. Therefore, they might think that you are more likely to cause an accident than other motorists with good credit.

This may be simplified logic, but it makes sense if you think about it. Therefore, clean up your credit and reapply for the insurance. Here are three examples of measures that can improve your credit:   

  • Paying your bills on time
  • Pay off debts instead of rearranging them
  • Keeping your credit card balances low

Clean Up Your Driving Record

A terrible driving records lead to terrible insurance rates for you. You are lucky if you have a clean record. However, you shouldn't despair if you have a citation or two on your record because you may be able to remove them. All you have to do is to meet your state's eligibility requirements. There are also ways of removing your driver's record points; for example, you can complete a driver improvement course approved by your state.

Shop for Insurance Every Year

Lastly, smart shopping will also go a long way in reducing your insurance rates. This means asking for all the available discounts.  However, the craziest part about this trick is that you need to do it every year. A lot can change in twelve months, and if you just keep on renewing your insurance, it's possible that it may be costing you some money in the form of higher rates.

Reducing your insurance rates is a lot of work, but you won't be able to do it if you don't act. Fortunately, you can make it easier by engaging the services of an insurance agent like those at Western Insurance Agency.