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Unexpected ways to save on car insurance

Car insurance is one of life's necessities. But there's no reason to pay more than you have to. It's never a bad idea to talk to your insurer about the little things that can make your coverage cheaper, without sacrificing the protection you need on the road.

1. Installing an alarm system

If your car doesn't already have an anti-theft device, adding one can make your insurance more affordable. The logic is pretty obvious: less risk of your car being stolen equals less risk of having to make a claim under your policy.

2. Remove high-risk drivers from your policy

Everyone needs a car insuranceBut insurers don't see everyone the same way. Newer drivers and those with poor accident histories are generally more expensive to insure. Consider your options to give them their own insurance or ask for separate insurance, or ask your insurer how to reduce risk and premium rates. For example, enrolling in a driving course may help.

3. Choose a less desirable car model

Flashy vehicles can make others envious. They are also a target for people. Insurers know this, which is why it's more expensive to insure frequently stolen models. Older cars can also be cheaper to insure, as they may cost less to repair. New-generation cars feature more high-tech components, which are more difficult and costly to repair, resulting in higher claims costs.

4. Bundling with other insurance companies

Insurers and brokers want your business as much as possible. You can therefore get a better rate if you buy a package with several policies. It is not uncommon for people to combine different home and car insurance, for example, for less money than the same coverage could cost separate insurers.

5. Limit your driving time

Less time on the road means less risk of accident. So, if you only use your car occasionally, let your insurer know. If the price difference is significant enough, you might consider committing to a public transport routine a few days a week. Also let the company know if your vehicle is seasonal - for example, a camping vehicle or a motorcycle you only use in summer. This may broaden your options for cheaper coverage.

6. Use your connections

Professional and alumni associations can often be gateways to cheaper car insurance. Check to see if your insurer offers special rates to certain groups. It may just be another way to put your professional dues or tuition money to good use.

7. Ask for special discounts

These are just a few ideas. The truth is, your insurer can spare you unlimited means, although they won't. Talk to the company to see if there are other ways to demonstrate that you're a low risk and deserve affordable coverage.

Store for the latest

The first step in your search is to compare car insurance quotes on the insurance service. Find out what's out there and find new ways to save money on your commute.

Why am I paying more for car insurance?

The cost of your car insurance can be influenced by a number of factors. Here are some common reasons why you may pay more for your car insurance:

1. Driving History : A driving history with accidents, violations or previous claims may result in higher insurance premiums.
2. Age and Driving Experience : Young and novice drivers often have higher premiums due to the statistically higher risk of accidents in this category.
3. Vehicle type : The cost of insurance can vary depending on the type of vehicle you drive. Sports and luxury cars generally have higher premiums.
4. Location: Where you live can have an impact on the cost of insurance. Areas with a high crime rate or a higher accident frequency can result in higher premiums.
5. Franchising and Roofing : Opting for more extensive coverage or a lower deductible can result in higher premiums. Conversely, a higher deductible can reduce premiums.
6. Credit rating : In some regions, a driver's credit rating can influence the cost of insurance.
7. Annual mileage : If you travel long distances every year, this can increase the cost of insurance.
8. Civil status : Marital status may also be taken into account by some insurance companies when underwriting.
9. Options and Additions to the Contract : Adding additional options or coverages to your policy may result in additional costs.
10. Previous claims : If you have made insurance claims in the past, this may result in higher premiums.

If you notice a sudden increase in your car insurance premiums, it may be worth talking to your insurer to understand the specific reasons for the increase and to explore possible options for reducing costs.