Lowering Your Insurance Rates: 3
If you ask if you can get higher deductibles, you can also lower the amount of car insurance you pay. That might sound back-asswards, but just think about the nature of deductibles, what they are and what they do.
You pay your deductibles long before your policy actually takes effect. You can pay lower costs simply by raising your deductibles. If you pay a one thousand dollar deductible, your rates can go down by as much as forty percent! Of course, if you decide to go this route, it is a good idea to set aside a special account which contains the necessary amount of money, just in case you ever have to file a claim.
If your car has low mileage, or if you simply put less than the average amount of miles on your car each year, you can get a discount that way as well. So, car pooling to work or something like that can actually save you a lot of money.
Entry Filed under: Car Insurance,Discounts