Do you feel like you've been paying too much to insure your vehicle? Are you wondering how your friends are able to stay insured without going broke? Insurance is an essential part of owning any sort of vehicle. Without insurance, you're not legally able to drive on the road. When you have a limited budget, this can feel like a serious burden, but it doesn't have to be that way. There are a number of things you can do that may help get your insurance payments down to something that you feel you can actually afford.
Bundle: If you already have homeowner's or renter's insurance, talk to that insurance company about moving your auto insurance over to them. In many instances, bundling the two types of insurance together is going to result in a drastically reduced payment. If you don't already have insurance on anything but your vehicle, this is still something to look into. To incentivize you to insure everything, insurance companies will sometimes offer bundles that are less expensive than just paying to insure your vehicle. Since insurance companies don't always publish their rates, the only way to find this out for sure is to ask about it.
Take a class: When it's been many years since you first got your license, taking a driving course may seem like a ridiculous notion. After all, you clearly know how to drive or else you wouldn't have gotten your license, right? While it's true that you still have your license, auto insurance companies realize that some people have forgotten some of the driving rules. If you've ever nearly been in an accident, it's easy to see what the insurance companies mean. Because of this, many insurance companies offer a significant discount if you take and pass a defensive driving course. This will show the insurance company that you are serious about driving safely, something that can have them lower your premiums significantly.
New vehicle: Lowering your auto insurance by getting a new vehicle can seem a bit daft. If this is the only reason why you're thinking about getting a new car, it may not make any sense. But if your current vehicle is already on its last legs, this can be the incentive you need to start car shopping now. Getting a vehicle that is just a year newer and that has better safety features can lower your payment dramatically as can getting one that is slightly older and is in good condition but that thieves aren't interested in. Before you purchase any vehicle, always get a quote from your insurance company to see if your payments will go up or down.