Our 10 Tips That Will Help Save On Auto Insurance – Illinois Insurance Center

Car insurance is a necessary evil; if you want to drive, you must have car insurance. It’s expensive and often seems like you are paying for nothing – that is, until you get in an accident or your car is stolen. Getting a crash course in insurance after an incident is not fun, so digging in and learning about insurance now can help you save money. Here are our 10  tips for saving the most on car insurance:

Always shop around Just because Mom and Dad always had their insurance through ABC Insurance does not mean your loyalty should come above your budget. Insurance rates can and do vary depending on the company for exactly the same coverage. Get several quotes from different companies and check out reviews and testimonials on the companies, too.

Raise your deductibles Higher comprehensive and collision deductibles can save you a lot of money. Of course, it also means you will pay a greater portion if there is an incident involving your vehicle. But, look at the difference in rates – raising the deductible from $250 to $500 can save you 15 to 30 percent, and raising it to $1,000 can knock off up to 40 percent. Make your deductible higher, but something you can afford to pay if needed.

Drop comprehensive and collision insurance

Sound radical? It might make good financial sense if you are driving an old car that does not have much of a cash value. While you need to maintain liability insurance in case of an accident, comprehensive and collision is not mandatory and can be dropped, if you do not owe money to a lender. Check out the NADA value for your car, in the condition it is in, and decide if the payout is worth the premiums you are paying. Generally, for cars that are worth less than $2,000, the answer is no.

Buy a car that is not high risk

Sports cars are notorious for super-high insurance rates, especially if you are young or have a young driver in your household. Small SUVs are typically inexpensive to insure, as are sedans. Not sexy, but inexpensive to cover.

Take advantage of discounts

Most insurance companies have lists of discounts that might apply to your situation, so be thorough and ask about any that you potentially can use. Here are a few:

  • Low mileage discounts – Don’t drive much? You might qualify.
  • Safety feature discounts – ABS brakes, airbags and passive anti theft systems usually help.
  • Good student discounts for any young drivers.
  • Being married – Yes, it can save you money!
  • Leisure use of a car – For those cars that don’t make daily commutes.
  • Multi-car discounts – Insuring all your vehicles on one policy.
  • Multi-policy discounts – Consider having your home and car insurance with one company, or add your RV or boat coverage.
  • Affinity discounts – Large employers or professional groups and organizations sometimes offer discounted auto rates.

Show them what a good driver you are

Insurance companies now have the ability to track your driving habits using a device that plugs into your car’s dashboard. It tells them how much you drive, when you drive, and how you drive. For instance, if you drive a lot at night, speed a lot, or brake hard, it probably won’t help you save. On the other hand, if you are slow and steady, it probably will.

Show off your driving record 

The absence of moving violation tickets, accidents, and other claims on your insurance help you save money on your premiums. Keep your eyes off of your cellphone and on the road when driving, buckle up and drive defensively.

Pay your bills on time

Keeping good credit can help you save money. Insurers in Illinois typically look at a credit or insurance score to help figure premiums; no surprise that their statistics show drivers with good credit have fewer accidents.

Move

Though this might seem drastic, if you’re already contemplating a move, keep your car insurance premiums in mind when doing so. Safer neighborhoods with less auto theft, and less traffic overall, will lower your premiums.

Take a safe driver course

The Illinois DMV offers Defensive Driving courses that will give you a break on your premium in nearly all cases.

We hope that we’ve given you all the ideas you need to get the quotes needed to make a well- informed decision that is right for your situation, and saves you money. If you need further assistance, contact us for a quote or guidance.