Law in all areas of the United States requires automotive insurance. This does not mean that automotive coverage is always affordable for everyone. Insurance companies have complex risk tables that determine car insurance premium prices for drivers, and getting a reasonable price can be difficult. However, if you want to reduce your monthly payments there are steps that you may take. Be sure to drive defensively and intelligently, keep your insurance information up to date at all times, be on the lookout for relevant discounts, and make sure to wait out periods of higher costs. You may not be able to get insurance for free, but you can reduce the pain in your wallet.
Drive Safe, Drive Smart
The easiest way to keep your premium down is to drive intelligently. There are, of many accidents that are simply unavoidable. Many stem from the fault of the driver. If you can simply use a bit of intelligence while you are on the road, you may find it quite easy to avoid having to inform your insurance company of damage. This same principle holds true for speeding fines; if you keep your speed at a reasonable level, there is no way you well get a speeding ticket. As claims and tickets tend to send your premium skyrocketing (and carry with them the possibility of losing coverage), smart driving is a surefire way to keep your monthly costs down.
Keep Your Info Up to Date
It is amazing to note how often people "forget" to change their insurance information. While it may be somewhat of a hassle, keeping your information up to date can be a financially rewarding experience. Every area has a different risk associated with it, and keeping your insurance company informed as to the area in which you truly resign can help the company to know what risks are actually present. As a rule of thumb, safer areas tend to carry with them lower insurance costs. Make sure to let your agent know when you move to a new place and you may be surprised by the savings.
Look for Discounts
As a consumer, you should always be on the lookout for discounts. It is amazing, then, that many of those who spend hours a week clipping coupons forget to ask their insurance agents about discounts on their auto policy. Discounts can range from those offered for safe driving to those offered for good grades, or from discounts on professional membership to those offered for "bundling" your insurance services. Almost every individual is eligible for some sort of discount on his or her policy, and it is generally up to the consumer to ask the right questions to find out what discounts apply to his or her situation.
Wait it Out
Finally, one should always be willing to wait out high premiums. Younger people tend to pay more than those that are older, and those that are single pay more than those that are married. Waiting out specific "high-risk" periods of life can be rewarding, and keeping a good policy may be worth a few years of a higher premium. This is especially relevant for those companies that offer "driver forgiveness" programs, which will reduce the penalties that you have incurred for having an accident so long as you keep your policy.
If you want to reduce your car insurance premiums, there are several steps that you can take. Make sure to wait out the periods of higher costs, look for discounts on your own, keep your driving information up to date, and always make sure to practice safe and sensible driving habits. While you may not be able to control the risk tables that determine your premiums, you can help to reduce your costs by simply being a smart driver and a smart consumer. With a little work, anyone can afford reasonable auto insurance.