Tips for Saving Money on Car Insurance in Maitland, FL
Car insurance is a required, valuable benefit for all drivers, but it does come with a cost. While it affords you and your passengers valuable protection and peace of mind while on the road, sometimes car insurance can be a financial burden. There are a few ways you can save money on your car insurance in Maitland, FL, a few of which we’ve highlighted here:
Take a Defensive Driving Course
Some insurance companies award discounts to those who’ve taken a defensive driving course, even if they don’t have a previous driving record. Before you do this, be sure to speak with your agent to check not only if your insurance company offers this discount, but how much it is. This way, you will be able to ensure this will translate into an annual savings large enough to justify the upfront cost of the course.
Increase Your Deductible
Since your deductible is the amount of money that you pay before your insurance kicks in, by increasing this, it will reduce the cost of your car insurance. Most policies allow for deductibles in the range of $250 to $1000. Speak to your agent about bumping up your deductible to see how much it will affect the premium, and decide what’s right for your budget.
Improve Your Credit Score
While driving record is the largest contributing factor to your car insurance costs, your credit rating also plays a part in your premiums as well. Insurance companies see this as a smart play — if a person is responsible with their financial life, they’re more likely to be responsible on the road. By increasing your credit score, you could reduce your premium payments.
Reconsider Comprehensive Coverage
While not a good idea for all drivers, if you’re driving an older vehicle that has seen better days, you might consider dropping your comprehensive coverage. This is because in the event you are in an accident, even a minor one, if the damage to the car is more extensive than its total worth, your insurance company will simply total it. Review the costs of your comprehensive coverage against the value of your vehicle to decide if it’s worth having.