Imagine that in America there are as many as 260 million people in the United States using auto insurance. Over 70% of them don’t know how much money they could actually save. But the state doesn’t really care. Those who don’t have any knowledge pay more, according to this motto.
Here you can read how you can save a lot on car insurance with just a few trickswhat is important and what little things we often spend too much money on. In order for the money to end up in your own pocket instead of with the insurance company, you don’t have to be able to do a lot, just pay attention to a few things.
1. By comparison
If you compare your own existing insurance, you can save a lot of money on future contributions. Offers change from year to year; the provider’s calculations are recalculated from year to year. The contributions due will be changed according to the region. Here you have the option of the already signed Terminate contract, should the Conditions have changed.
Even with new contracts, you should always make sure that you make a comparison beforehand. You can do that very easily on the Internet. There are various calculators that help to calculate whether you have paid more than necessary so far. Finding out online beforehand saves a lot of money.
2. Insurance
As we know, comprehensive insurance is not mandatory. However, it is very advantageous to take out comprehensive insurance. Anyone who has comprehensive insurance does not have to pay out of pocket even if they are at fault. Although fully and partially comprehensive insurance are a bit more expensive, you are safe on the road.
It is important here that you do not need comprehensive insurance if you only use your vehicle here and there. But if you are out and about every day, Kasko can save you a lot of money. If you fall more, you will also have more accidents, quite simply. Therefore, you should consider beforehand whether at least a partially comprehensive insurance makes more sense than a simple car insurance.
3. Which car do you really need
Although we all want to show off something when buying a car, one can smaller car sometimes more advantageous be, at least as far as insurance is concerned. It is therefore imperative that you weigh up how big the car really has to be before buying a car. If you drive a smaller car, you will pay less for the car insurance.
Faster cars are more expensive. It is the same with older vehicles. The fact also has an effect on the contribution to the car insurance. Whether you drive a petrol or a diesel. Therefore, before you plan to buy a car, you should definitely find out which differences could save you money. Unless you really need a fast car, your best bet is to choose a more economical model.
4. Diesel or gasoline?
The question naturally arises as to why it makes a difference whether you drive a diesel or a gasoline engine. As a rule, drivers who drive a gasoline-powered vehicle have to pay less for car insurance. But the fuel costs more. The only thing left here is to decide for yourself whether you want to save on car insurance and spend more on fuel, or buy a diesel whose insurance is more expensive.
The bottom line is that the difference is very small if you calculate everything together on an annual basis. It remains to be said that the quality of diesel and gasoline vehicles is also not the same.
5. The free choice of workshop
The free choice of workshop is a very popular option, but it also costs more. In the event of an accident or damage, you have the option of choosing the workshop yourself. But that also costs more for insurance.
If you forego free choice, you save a lot of money. But it is also more difficult if you have damage because you cannot have the vehicle repaired at any workshop and you are bound to a certain number of workshops. Anyone who travels a lot abroad should be free to choose. It is often the case that you cannot find an approved workshop everywhere.
6. Always pay attention to the discounts
Almost every insurance provider has different discounts. This includes various offers. For example, most insurers have a so-called single driver discount. For you that means, if only you drive your car yourself and no one else is using the vehicle, you pay less for insurance.
This is also the case if you always and without exception park in a garage that can be locked. However, if you park on the side of the road, you pay more for insurance. As you can see, there are many different offers that only a few know about. Therefore you should definitely ask beforehand in order to save money. Discounts can be found online.
7. Payment should be made annually
Most insurers offer two payment models. One can either monthly pay part of the insurance premium, or else once a year transfer the entire amount. It is usually cheaper if you pay the amount annually. Many of the insurance providers even offer one Discount when you get one Direct debit agree.
So both the insurer is sure that he gets his money, and the insured that everything is paid. And if there are also discounts, that’s perfect, isn’t it? In any case, most people pay their insurance once a year. If you previously had a monthly payment, be sure to change that.
8. The mileage
Although very few drivers know this, the mileage also affects the amount of the insurance premium. There are two classes to be distinguished here. There are drivers who drive more than 20,000 kilometers a year and those who do less than 10,000 kilometers a year.
If you use your car less, you will also have to pay less for insurance. Therefore it is important at least once a year Check mileageto see if you are paying too much money for the insurance premium after all. It is the same with the seasonal license plates. If you only drive a few months a year, it costs much less.
9. The no-claims class
Accidents are not pleasant for anyone involved. Nevertheless, you should always keep a cool head in such a case. Note the no-claims class after every accident. That means that you absolutely must get the Classification table should check to determine whether you might have to accept an upgrade or can expect a lower contribution.
If it is an upgrade, you always have the option to change insurance and look for better offers. You will find a lot of information online about this, as well as offers and discounts when switching. Please note, however, that the current insurance provider must receive notice of termination in good time. It is therefore too late after an accident.
10. Liability
Similar to partial and fully comprehensive insurance, it is also the case with liability. With this addition, you often save money. Liability insurance will help you if you have caused damage to someone else’s property through your own fault. This could mean, for example, that you drive the vehicle into a garden or damage a house.
Without liability insurance, you have to dig deep into your own pocket in the event of such an accident. Therefore, especially as a beginner, make sure you take out liability insurance beforehand. Because damage to real estate can often run into the millions, you shouldn’t forget. But if you are an experienced driver who drives little, you don’t need this insurance.
11. Report your own property
There are also insurance providers who offer a special discount if you own your own property. So if you own your own apartment or house, you should definitely look for insurers that take this into account. This can save you a lot of money on your annual contribution. With most providers, the real estate discount is between 10 and 12%.
If you add that to the total amount of the annual contribution, something comes together. It is best to implement all of the above tips right now and calculate how much money you could actually save on your car insurance. You will see it will make a difference.
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