If you know how to use every dollar when it comes to your automotive obsession, you’ll definitely want to save as much money as possible so as to channel more cash into your cars. This is especially true for people who do complex mechanical work on the cars they own, or buy collectibles and memorabilia associated with automotive history.
Car insurance is one of those costs that we like to think of as fixed. But in reality there’s a lot of wiggle room found in the prices offered by different companies. We’ll talk about a few ways to save on car insurance below, some of which you may not have considered before.
How to Save Money on Auto Insurance
One of the best ways to save on car insurance is simply to get quotes from competitor companies. You may find that these differ in price by hundreds of dollars. It will only take a couple of hours to get detailed quotes from 4 or 5 trusted insurers, and this information alone should give you a great deal of information that’ll come in handy when looking for savings.
However, you can get more creative in your quote-getting by asking these companies what they’d charge you if you were to bundle your other forms of insurance (like home insurance) with the car insurance you’re looking for. Sometimes this will save you even more, so this should definitely should be a conversation point with every prospective insurer.
You can also find savings by optimizing your vehicle, or by choosing a vehicle or vehicles that don’t cost a great deal to insure. For example, in some places installing winter tires might be the way to obtain a discount in your next auto insurance policy. Talk to your insurer about ways that you can save in a similar matter, because they may be able to tell you about some options that you’ve never before considered, and which may be unique to your area.
If you are looking to find a vehicle that isn’t expensive to insure, you have a couple of options. You could buy an older fixer upper, or a car that’s somewhat undesirable but still mechanically sound. These vehicles won’t cost much to insure, but you will be able to improve them to be much more impressive than their insurance coverage cost would indicate. This works especially well for home mechanics.
You could also choose a vehicle or vehicles that are old enough to qualify for historic vehicle insurance. In most cases, you won’t be able to use this vehicle as a primary means of transportation (but you will be able to use it in parades and the like). Some regional rules are more flexible than others. If your car qualifies and you live in one of the areas where you can use it for normal transportation, this will be a huge savings on your insurance bill.
As you can see, there are multiple ways to get car insurance savings. Try some of these and enjoy your savings in 2018.