How can I reduce my car insurance cost of $180/month? I own a 2021 Ford that I purchased new, and it includes most of the usual safety features, but it doesn’t have blind-spot detection. I’ve never been in any major accidents; the only claim I’ve made was for a deer collision. I’m 22, which I realize contributes to higher rates, but $180 feels quite steep to me. I’m planning to take a class to qualify for a discount, and I also have a safe driving monitor installed in my car. Is this rate typical, or am I potentially overpaying? What other steps can I take to lower my insurance costs?
How to lower my $180/mo car insurance?
It sounds like you’re already taking some great steps to potentially lower your car insurance premium! Here are some additional tips that might help you reduce your $180/month payment:
Shop Around: Different insurance companies have different rates based on how they assess risk. It’s worth getting quotes from multiple insurers to see if you can find a better rate.
Increase Your Deductible: If you can afford to pay a higher deductible in the event of a claim, this can lower your monthly premium.
Bundle Insurance Policies: If you have renters or homeowners insurance, consider bundling your car insurance with the same provider. Many companies offer discounts for bundling.
Discounts for Safety Features: Since your car has safety features, make sure you let your insurance company know about them. Some providers will offer discounts for vehicles equipped with advanced safety systems.
Good Student Discount: If you’re currently in school and maintain good grades, you may qualify for a good student discount.
Limit Mileage: If you drive less than the average driver, let your insurer know. Many companies offer discounts for low mileage.
Defensive Driving Course: It sounds like you’re already planning to take a class. Make sure your insurer is aware when you complete it, as it could lead to a discount.
Loyalty Discounts: If you’ve been with the same insurer for a while, check if they offer any loyalty discounts.
Review Coverage Options: Evaluate your coverage limits and optional add-ons. There might be some areas where you can reduce coverage without sacrificing protection.
Maintain a Clean Driving Record: Continue to avoid accidents and violations, as a clean record can help lower your rates over time.
It may take some time and research, but implementing these strategies could lead to savings on your car insurance. Good luck!