When you have the facility to pay less for your car insurance, why pay more. There are certain tips for you to follow in order to get your insurance premium reduced. Of course the first tip is to be a woman. Though you and I could argue that we are better drivers the statistics show otherwise. Women are better drivers and they need to pay less on insurance. This is a fact that is being statistically proven. However, there are more tips for you to follow.
• Your credit score is an important factor on deciding your insurance premium. If it is less than 560, try to boost it. You could either consolidate your credit or even get rid of some cards. There are tips on how to improve credit rating which you could follow.
• Have a with car alarm installation in your car. You could buy a cheap car alarm from an online store that could bring down your car insurance premium by a good margin.
• When you are on a budget, don’t try to drive a sports car. They are expensive to buy and also they are expensive to insure for the simple reason that they meet with accidents more often. Therefore, buy a standard car and save on insurance.
• If you have more than one car in your household, the insurance companies will provide your second car with a cheaper insurance option. They do this in order to get more business from you.
• In case you get a defense driving license, your insurance premium will come down. However, you need to be a good driver to apply for it. If by chance you fail, your insurance premium will go up instead of coming down.
• If you are able to get your insurance as a member of a group such as school, college or University club your premium will be less. If you are not a member already you could get the membership of an association that doesn’t cost much.
• It is a good idea to buy only coverage you need. Drop unnecessary coverage to reduce the premium for the insurance.
Even if you are a car enthusiast who longs to drive fast cars, you cannot own one right now as you want a cheap insurance. Once your financial position improves, you will be able to do that. But for the present you need to drive around in a cheap car and pay the minimum for your insurance.