The moment you receive a ticket while driving is a frightening one. You may even begin to picture the great insurance premium you currently have raise right before your eyes, especially if you’ve had too many traffic tickets.
The moment you receive a ticket while driving is a frightening one. You may even begin to picture the great insurance premium you currently have raise right before your eyes, especially if you’ve had too many traffic tickets. This will make it hard to get good rates as you will then begin to look like a high-risk driver to many insurance companies.
However, there is good news! There are many ways that you can help to keep your premiums low. Regardless of your driving record, you should take note of these five tips:
Drive safely so you don’t rack up anymore moving violations
Being a cautious driver always pays off. Not only will it result in little to no moving violations, it will also keep you safe. It may seem exhilarating, fun, or even necessary to speed down empty backroads or switch lanes to get ahead while stuck in bumper-to-bumper traffic, but not doing so will help reduce your risk of getting in an accident. Not to mention, it may qualify you for additional discounts that will not just keep your premium steady but lower it as well.
Compare quotes at least once a year to make sure you’re getting best deal
There will never be enough articles written or words said about the importance of comparing quotes. While it can be very easy to stay with one carrier for many, many years, it is still always best to keep checking around at least once a year to make sure you’re not missing out on any great deals. Your current carrier may very well continue on to be the best one for you, but you won’t know until you shop around and eliminate the competition.
Use credit responsibly
Most states allow insurance companies to consider potential customers’ credit when setting premiums. This means that good credit automatically equals good rates, and so it is important to remember to pay your loans and credit card bills on time as well to keep your credit card balance low. Maintaining this good credit will also help to show your carrier that you are responsible not just on the road but off as well.
Raise your deductible
Increasing your out-of-pocket expense on collision and comprehensive will most certainly lower your premium as it is, but you have to be sure that you are able to pay that deductible if the situation arises. As mentioned in one of our other articles, setting aside money in an emergency fund can save you a ton of money and result in better rates.
If you’re still in school, keeping up a B-average will often automatically qualify you for the good student discount. This can not only continually prove to the insurance company that you are responsible, but also that you are dedicated. It can help them trust you once more as a safe, and not risky, driver, and if you already are one, save you some money.
These tips can truly come in handy for both the everyday, safe driver as well as those with a not-so-stellar driving record. Taking heed of what we mentioned can not only keep you, but those lower premiums, safe as well.
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