Buying a car is definitely one of those things that can be considered a big ticket item in your life. Car payments can run into the hundreds of dollars a month, so clearly you want to be able to keep the rest of your car expenses down.
Paying for the car is only one of the costs of owning a car; you also have to worry about fuel, maintenance and repairs and, of course, car insurance. Depending on the various factors involved, your car insurance could end up being just as high as your car payment, and possibly even higher.
This leads us to the question of how much control you have over the price of car insurance. Is there anything you can do at your end to help make it more affordable? The good news is that there are a few things you can take into consideration that can help to bring your premium down and make a real significant difference in what car ownership ends up costing you.
Look Into Car Insurance Payment Plans
Another option is to look for an insurance company or broker who offers some sort of car insurance payment plan so that it spreads out the costs, thereby making it a bit more affordable and easier to budget for. Insurance Land & Associates is a great example of a company doing just that. They feature payment plans that will have you make a small down payment, which helps to make the insurance payments more affordable. You can even pay in installments, which can be a huge help for those on a tight budget.
Sometimes you may qualify for a discount or special rate on your insurance, so it’s always a good idea to talk to your insurer and find out what’s available. Even if the discount results in just a small decrease, that saving will add up over time.
Make Sure You Keep Your Record Clean
Of course, one of the biggest determining factors when setting your car insurance premium is what kind of driving record you have. If you have a history of speeding tickets and multiple accidents, then you can expect to pay a lot more for insurance. What this means is that it pays to follow the rules of the road and be a safe and courteous driver.
Give Thought to the Car You Drive
There is also the fact that the car you drive will help to determine your rate. There are cars that are going to be much more expensive to insure, so there’s a good chance you’ll want to steer clear of those makes and models. It is suggested that you avoid cars that have high theft rates, and those that are expensive to do repairs on.
Take Control of Your Premium
By being aware of the factors that determine your insurance premium, you will be able to control what you pay up to a certain point and even realize some savings.