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How To Save Money On Car Insurance In 2020


Are you on a mission to spend less money in 2020? You’re not alone, more than 60% of Americans set New Year’s resolutions each year and saving money is typically in the top 5 resolutions across the board. If you haven’t revisited your car insurance lately, now might be the time to make sure you have the best policy for the price and see if you can save some money. Here are the top ways to save on car insurance in 2020. 


#1. Car Insurance Rates Start With The Car Itself

The type of car you drive is one of the biggest factors in setting your car insurance premiums. Brand new cars in high theft areas could cost you a lot of money, sensible cars with safety features will always get better rates. Keep this in mind if you’re buying a new car in 2020. If your high-end car is costing you a ton of money in taxes and insurance that you can’t afford then it might be time to make a change.  


#2. Shop For The Best Car Insurance Deals Near Your

Although all car insurance companies use the same table of statistics to calculate risk, they don’t’ all have the same premiums and coverage. Each company decides how they want to balance their risk with the types of coverage plans they offer and what discounts they place the most value on. The car insurance company you signed up with 10 years ago might not be the best deal for you today. 


#3. Save Money On Car Insurance By Being A Better Driver

Get better rates by driving a safe, reliable car and taking defensive driving courses offered by your insurance company. Keep a clean driving record that is free of accidents and moving violation tickets (such as speeding tickets). Being a risky driver will cost you a lot of money.


#4. Reduce Your Monthly Car Insurance Premiums With Discounts

Are you taking full advantage of all the discounts offered by your auto insurance company? You can get discounts based on your age, driving record, your profession, and other affiliations. Your insurance company won’t know to apply your discounts unless you ask for them, so speak up. 


#5. Cash In On Payment Discounts For Car Insurance 

Finally, one of the best ways to get a great discount is to pre-pay or pay upfront for an entire year. If you can’t pay all at once there might also be discounts for quarterly payments or from monthly payments on auto-draft from your bank.


 

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