The past year has been financially difficult for many, with millions of families finding ways to cut corners in order to make their budgets stretch just a little bit further. Having a vehicle is a necessity for many, which means having that vehicle insured is a necessity as well.
There are many things a person can do to potentially have their car insurance costs lowered in California.
From taking driving courses to splitting your drive time with public transit, this can help to put just a little more in your pocket each month.
Your car insurance costs take all of your risk factors and put them together, giving you a number that equals the risk an insurance provider will be taking on by covering your vehicle. By lowering that risk your costs will adjust as well.
If you’re looking to free up a little space in your budget there are a few simple things you can do to lower your monthly car insurance premiums.
1. Look into defensive driving courses – Most drivers take their drivers’ exam and that’s the last driving test or course they take. What they don’t realize is that by taking further courses you can save in the long run through car insurance premium discounts.
Taking a defensive driving course teaches you how to be a safer driver while also learning to better avoid hazards or obstacles beyond your control. These courses lower your risk and therefore often lower your premiums as a result.
2. Split your commute – If you commute to work each day in a California area that also offers mass transit, splitting your commute when you’re able can help to lower your insurance premiums.
Because you’ll be on the road less, driving less in busy areas, and putting fewer miles onto your vehicle you’ll be considered a lower risk driver.
3. Consider a vehicle downsizing – If you’re driving the latest and greatest state of the art SUV, you can expect to pay a bit more for insurance compared to someone who is driving a smaller and less expensive vehicle.
A high-valued vehicle is going to cost more to repair or replace in the event of an accident, and this will lead to higher claims should you find yourself in an accident.
4. Adjust your deductibles – If you’ve never been in an accident before, or you’ve been in very few, you may opt to lower your premiums by raising your deductible.
Your deductible will only need to be paid if you file a claim, so if you don’t expect to file many or any claims this could be a highly effective cost-saving strategy.
Talking to an insurance professional near you can help you to find the right policy for you and your vehicle. If you’re looking for an insurance policy that works with your budget, contact us at Panorama to see what our professionals can do for you today.