If you are tired of paying too much for your car insurance in Nashville, then I have put together the top ten ways that you can reduce your premium expenses without reducing your level of coverage.
1. Buy Online
Buying your auto insurance online can save you lots of time and money. Companies spend literally millions of dollars on advertising and/or run large call centres have to cover these costs, and they do so by adding these costs onto the price of your insurance premium. Although online insurance agencies do have overheads, they are much less than those of the large insurers, which means they can offer car insurance at up to 60% cheaper than their competition.
2. Drive a Cheap and Less Powerful Car
Car insurance companies calculate their premiums on the basis of the car engine size, the probability that it will get stolen and the average cost of repair. Although smaller cars such as Ford Fiestas and Renault 5s are more prone to being stolen than larger sedan-type cars, they are cheaper to repair or replace and are therefore cheaper for them to insure.
3. Build Up a "No Claims History"
As a reward, many car insurance companies give discounts for safe drivers with a good "no claims record". By building up your no claims history, you can benefit by a reduction of up to 60% off your usual premium, and this discount can often be transferred from one company to another.
4. Increase Your Car Security
Higher security means a lower risk for your insurance company, and you can benefit from cheaper rates by locking your car in a garage at night, or installing an insurance company-approved tracker or other security system.
5. Increase Your Deductible
By deciding to pay a higher deductible, it also means you’re less likely to make a small claim on your insurance and are therefore considered a lower risk to the company.
6. Obtain More Driving Qualifications
By becoming a more skilled and experienced driver, most insurance companies reward their customers by reducing their premium. As a result, the qualification usually pays for itself within the first year of qualifying. Another option is the advanced driving test, but this can take much more time to pass than the Pass Plus.
7. Drive Your Car Less Frequently
Clearly, the more you use your car the higher the probability is that you’ll be involved in an automobile accident. As a result people who travel hundreds of miles every week are much more likely to have a higher car insurance premium than those who travel less.
8. Don’t Get on the Wrong Side of the Law
Insurance companies don’t like motoring convictions as they cause a driver to be seen as a higher risk. Certain motoring convictions are considered worse than others. For example, drunk driving offences mean that your premium will be double the usual rate.
9. Reduce the Number of People Under Your Policy
The more people that you have covered with your insurance policy, the more you will have to pay on your premium. So, if at all possible, try to have as few drivers on your policy as feasible.
10. Live Further Away From Big Cities
As a general rule of thumb, the further away that you live from a city, the cheaper your car insurance is likely to be. By living in the city, your car is more likely to be involved in a theft or some sort of car accident. You can save up to 50% on your car insurance just by moving away from the city to a rural location.