BY SOLO INSURANCE®

When you’re young, starting out on your own can lead to some financial challenges. After all, you now have bills to pay, and probably a limited budget with which to pay them. How can you keep ongoing costs, like your auto insurance premiums, as affordable as possible? Premiums can vary widely, and sometimes your own actions can impact how much you pay for a policy.

In most states, car insurance is mandatory. Still, since you must pay for it, you want to keep costs reasonable. Keep in mind some of these ways that can help keep your auto insurance more affordable.

Commit to Safe Driving

Safe driving never costs more in car insurance. It often saves on gas and insurance. Unsafe drivers are more likely to file auto insurance claims and usually pay more for their coverage. These drivers include those who have a history of claims, and who have tickets on their driving records. When an unsafe driver, your driving history shows that you are a cost risk to an insurance company. As a result, your rates are higher than the person with a clean driving record.

Committing to safe driving is always in your best interest, and here are a few obvious ways to do so:

• Obey all the rules of the road at all times.
• Don’t use mobile devices.
• Keep your license and registration up to date.
• Never drink and drive.
• Keep your eyes open for potential problems so you can avoid them.

If you want a tune-up on your driving skills, consider taking a defensive driving course. These classes can help all levels of drivers learn where they might be making mistakes. At times, a car insurer may offer a discount for those who pass these courses.

Ask your insurer about other discounts

There are many insurance discounts available to the average driver. Perhaps you are a student or a member of a military or professional association? Maybe you drive your car less than 10,000 miles per year. In each of these cases, you might qualify for more policy discounts, which can equal significant savings on top of those brought by good driving habits. Be ready to provide proof when seeking these discounts.

Regarding discounts, the biggest discount is from maintaining your car insurance coverage. Continuous coverage looks good on your car insurance history. It shows you take driving seriously and are financially responsible. Speaking of financially responsible, did you know that car insurance is also called Financial Responsibility? It is a means to demonstrate the ability to pay for damages after a car accident. One other note, credit factors in to car insurance rates for most auto insurance companies, so it’s best to stay in good standing.

Consider Carrying a Higher Deductible

When you have physical damage coverage on your car, deductibles play a part of your cost. They define your amount to pay to get the car repaired in the event of an accident. Lower deductibles cost more than higher. For example, a $500 deductible means you pay for the first $500 worth of damage, then your insurance company kicks in. Therefore, by carrying a higher deductible, you lower the amount your insurance company has to pay for a claim. Consequently, you reduce their potential cost risk and your premium cost.

However, never carry a deductible so high that it strains you financially when you have to pay for damage repairs. You are required to pay the amount even in a hit and run.

To recap

Some things about car insurance are in your control. Be a safe driver, keep your auto insurance, seek discounts and when you have deductibles, be smart about them. It’s important to set up your car insurance with the help of a trustworthy, licensed, independent insurance agent, like Solo Insurance®. Many agents can compare the prices of various policies and insurance providers but not all give your their best rate every time. Ask questions if you have them, because only then can you learn what’s important to you.

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