How to Save Big Money on Car Insurance

December 12th, 2014 by


There are a lot of variables that affect car insurance rates. From your age to the age of your car, in between are hundreds of small things that can raise or reduce the price of your car insurance. So if you’re looking to compare cars at one of Rhode Island’s Buy Here Pay Here dealers, here are a few tips for lowering your premium, as well as information on what can raise your rate.

The Car You Buy Affects Your Premium

Depending on your choice of vehicle, you can save (or pay) hundreds to thousands in overall payments toward your car insurance premium.

If you pick a reliable brand, along with an established, best-selling sedan, you’re more likely to spend less than you would with a sporty two-door coupe or convertible sports car.

While overall value has a big affect on premiums, the cooler your car, the more cash you’ll need to have on-hand for your insurance company.

Buying Used Offers Great Savings

Buying a brand new car is often one of the most big and exciting purchases you’ll make. But after the initial purchase, the fees–including registration and taxes–can break your budget and leave you eating beans and rice for a few months.

One of the biggest hurdles that prevent many from buying a brand new car, however, is the insurance costs. Most find that their premium will double or triple after a new car purchase, due to the increased coverage needed to protect it.

A used car will not only eliminate some of the increased insurance costs (depending on the vehicle purchased), but reduce taxes and registration costs as well.

Research Discounts

Low-mileage driver? That’s a discount. Accident-free for five years? Another discount. College graduate? You guessed it: discount. Search online for specific discounts your insurance provider can offer or give them a call and explain your situation. More often than not, they realize that you could be looking to switch providers if you’re unhappy with the cost of your current premium.

Of course, the best way to save money on insurance is to continue driving safe, avoiding incidents when possible, and build a relationship of trust with your provider. The longer you’re with them, the harder they’ll work to keep you happy.