When you invest in a new vehicle, you’ll need new car insurance. However, the costs of new car insurance can add up, especially if you want more coverage than just the state minimum. Besides getting quotes on auto insurance and comparing them to see which offers you the best deal, there are a number of other ways to save cash on your policy. Read on to find out how to reduce your new car insurance rates.
- Go to traffic school and complete a driving safety course. Especially if you’re a teen driver or young adult, showing a certificate of completion of an approved driving safety course can significantly reduce your insurance rates. Make sure the traffic school is approved by your insurance company before you enroll!
- Have safety devices such as airbags and anti-lock brakes installed in your new car. The safer your car is, the lower your rates will be, as the insurance company can expect lower claims in the event of an accident.
- Install an approved anti-theft device in your vehicle. Stolen vehicles, especially SUVs, cost insurance companies hundreds of thousands of dollars each year. The better your vehicle is protected against theft, the lower your rates are likely to be.
- Reduce your annual mileage. Of course, when you buy a new car, the last thing you want to do is use the carpool or commuter bus to get to work, but it can result in a much lower annual mileage and therefore lower insurance rates!