With the new year right around the corner, everyone is looking for ways to recover from the costly holiday season and head into 2015 on the right financial footing. One way to cut back on heavy spending is by modifying your current car insurance rate, eliminating factors in your policy that you do not need for protection. Here are some tips for heading into the new year with a car insurance policy that won’t break the bank.
Increase your deductible
One of the easiest ways to save upwards of 15% on your monthly comprehensive and collision car insurance policy is to increase the deductible on your rate. While you may not be fully protected in the case of a car crash, you can use the monthly savings to pay for damages if any problems should arise.
Look into usage-based insurance
A newer tool that many car insurance companies are offering to customers is usage-based or pay-as-you-go insurance. Using a small device or GPS system, insurance companies can monitor a driver’s behaviors, driving habits and more. Using this data, insurance companies can offer a reduced rate if you do not drive much at night, stay under the speed limit and refrain from braking hard.
Check out possible discounts
Another way to save big on car insurance is to seek out available discounts that could potentially cut your monthly bill in half. With a wide range of possible discounts, qualified drivers can save by seeing if their provider offers over 50 discounts, loyal customer discounts, multi-vehicle discounts or even low annual milage discounts. See if you qualify for a rate reduction by checking with your insurance provider if they offer any discounts or special offers.
Hopefully these suggestions can help you spend a little less on car insurance than you did in 2014. By increasing your deductible, checking out usage-based insurance options and seeking discounts, you can significantly cut into your monthly insurance rate. For more information on car insurance quotes in Las Vegas, contact us today at (702) 251-4949.