Whenever someone asks how to keep auto insurance premium low. The first answer he will get “maintain a good driving record.” No doubt that’s the main factor which affects the car insurance cost but if you already have a good driving record and still want to lower it down to minimum level then here we have tips for you. These tips were revealed by one of the best Insurance company, called KASE Insurance. For more tips and consultation, you can contact KASE Insurance, and they will guide you in detail.
Hunt for the Best Price
Different companies offer different prices, and your objective is to find the best price from the best company. Hunt for the best deals on the internet. There are several websites which help you compare the insurance deals and prices of different companies. You can easily compare find the best deals. But that’s not all. Every website often shows you the higher price because they get their commission and the price you’ll be paying may include their commission as well. So it’s better to compare the price by calling the agent directly.
Consult the Insurance Agent while Buying a Car
It’s a good idea to consult an insurance agent before buying a new or even used car. Insurance cost often varies from model to model and companies to companies. For certain models, the insurance cost will be lower because of the safety features the car offer. And for certain car brands insurance companies may offer discounted prices. So it’s better idea to tell the insurance agent about the car you’re about to buy.
Deductibles are the amount that you pay before the insurance contract starts. The rule is higher the deductibles; lower the insurance cost will be. So, carefully guess the best amount of deductibles to reduce the insurance cost. At a certain level of deductibles amount, you can save up to 40% of your insurance cost. Isn’t it fascinating?
Reduce Coverage of Old Car
Every asset depreciates, and so is your car. It loses value every year as it gets old. Make sure that you’re not paying high cost for an old car. If the insurance company doesn’t reduce the cost, you have the option to reduce the coverage amount. Bring down the coverage amount to the current value of the car, and it will reduce the insurance cost.
Low Mileage Discount
If you don’t drive your car and it is used mostly from office to home and from home to office, then you can get a low mileage discount from your insurance agent.
Maintain Good Credit History
Like your driving record, good credit history also affects the amount of insurance premium. By keeping the good credit record, you can reduce the auto insurance cost to a considerable amount. Insurance companies believe that a person will good credit record will not try fake claims, and the claim history from insurance companies proves this fact to be true as well.
So keep in mind these tips because following these tips you can reduce the insurance cost to the minimum level.