5 Surprising Methods To Cheaper Auto Insurance Without Increasing Your Deductible

Getting cheaper auto insurance isn't just about increasing your deductibles or shopping around for the best rate. Most car insurance companies offer hidden discounts for certain things, such as the make and model of the car you drive, or getting rid of certain coverage on older vehicles. Here are 5 surprising methods to reduce your auto insurance rates that you never knew about. 

1. Take a Driver's Safety Course

Even if you've been driving for years, taking a driver's safety course within the last 3 years can lead to lower car insurance premiums. Simply put, insurance companies look at drivers who have recently completed a safety course as safer drivers, and thus give them lower insurance rates. Keep your insurance payments as low as possible by signing up for an approved driver's safety course every three years, whether you are a new driver or have had your license for several decades. 

2. Check How Risky a Car Is Before Making a Purchase

The make and model of your car plays a big part in how expensive your auto insurance will be. The fact is, some cars are considered riskier than others. While you may not be able to do anything about the car you already have, it's wise to check how risky an insurance company considers a car to be before you purchase a new one. The Vehicle Information Centre of Canada can help you determine if your car is more likely to be stolen or involved in an accident, and can help you find a car that doesn't increase your insurance rates or even lowers them.

3. Drop Collision Coverage for an Old Car

If you have an older car, it may be worth it to look into what the real value of the car is and determine if it would be beneficial to drop the collision coverage. For example, if your car's total worth is $1500 and your policy has a $2,000 deductible, you'll be stuck paying out more than the car is worth if you get into an accident. Plus, you're paying extra for the collision coverage every month. 

4. Reduce Your Car's Annual Mileage

How much you pay every month in premiums depends largely on how much you drive your car every year. By reducing the amount you actually drive your car, you may be able to cut down your insurance payments. Consider taking public transportation or carpooling to work whenever possible, and adjust your insurance policy for the reduced mileage. 

5. Put in an Anti-Theft Device

Many auto insurance companies offer discounts for vehicles that have an anti-theft devices installed. Many newer vehicles come with a factory installed, approved anti-theft device, so be sure to check with your insurance company to determine if you've received a discount for that based on the make, model and year of your car. If you do not already have a factory installed anti-theft device, it may save you money in the long run on your insurance premiums to invest in one and have it put in by a professional.

There are many different ways you can save on your car insurance without increasing your deductible. You can still get the coverage you need without the extra cost by looking for creative ways to save, such as taking a driver's safety course every three years, or only purchasing vehicles that will get you the cheapest rates. Contact your auto insurance company, like Preferred Insurance, today to find out if there are any other discounts that can be applied to your policy or other ways you can save money every month on your car insurance. 


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