4 Tricks to Outsmart Your Auto Insurance Premium

4 Tricks to Outsmart Your Auto Insurance Premium

You may be paying too much on your auto insurance premium if you don’t know these four tricks. Here is what you can do to keep your money in your pocket!

1- Drive a Car That’s Cheap to Insure

A car model’s insurance rates are based on a combination of the vehicle’s sticker price, estimated repair costs, safety ratings, and claims history. Typically, cars that cost the least to buy (or are older and paid off) also cost the least to insure. Examples include:

  • Subaru Forester
  • Jeep Compass
  • Chevy Equinox
  • Ford Fusion
  • Honda Odyssey

The vehicles to avoid if you want to enjoy low insurance rates include:

  • Sports cars
  • Luxury vehicles
  • Larger vehicles

2- Park Your Car in Your Garage

Cars that are parked inside a garage rather than in the driveway or on the curb are much less likely to be broken into and damaged. The following are America’s five most stolen cars in 2016 (note that most of them are older models):

  • 1997 Honda Accord (7,527) Total Model Thefts: 50,427
  • 1998 Honda Civic (7,578) Total Model Thefts: 49,547
  • 2006 Ford Full-Size Pickup (2,986) Total Model Thefts: 32,721
  • 2004 Chevy Full-Size Pickup (2,107) Total Model Thefts: 31,238
  • 2016 Toyota Camry (1,113) Total Model Thefts: 16,732

Anti-theft devices (audible warning device, immobilizing device, gps tracking device) work well and help to reduce your insurance rates…but only if you use it.

3- Lower Your Annual Mileage

The main question on every insurance agent’s mind is, “How likely are you to cause an accident?” The simple answer is the less you drive, the less risk you carry.

  • Ride Share
  • Walk or ride a bike
  • Use public transit
  • Group errands together
  • Commit to one drive-free day a week

4- Clean Up Your Driving Record

Do you know you can call and ask a citation to be removed from your driving record? You can! On top of that, you can take a defensive driving class, and work to clean up your credit report as well. It may take a little bit of time to do these things, but it may save you a lot of insurance money in the end.

For more tricks to a lower auto insurance premium, contact Taylor-Moore Agency today!

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