Saving is essential since you don’t know whether tomorrow will be a rainy day. You can save on your car insurance and use the cash elsewhere. Most insurance rates have a principle which states: the higher the cost settled, and risk claimed, the higher the premium.

Insurance companies calculate your car insurance rates based on these factors. Knowing which factors affect you and which ones do not can help you save on car insurance.

Below are factors which will help you save on car insurance.

Buy car models which are cheap to repair.

Some cars are often stolen, while others are more expensive to repair. When buying a vehicle, always consider the cost of insurance. There are different organizations which will compare safety features and insurance costs for other car makes and models.

To lower your premium, go for cars with useful safety features, adequate security and lower theft rate.

Use your car only when necessary.

If you use your car more often, you are at a higher risk of colliding with other vehicles. Regular commuters and city drivers are more likely to crash with others since there are many vehicles on the road.

To save on your car insurance, take carpool or public transit to work if possible. If you normalize taking public transits regularly, you will save on vehicle maintenance, parking, less fuel, lower your premium insurance and other driving-related costs.

Ensure your claim and driving records are not considered high risk.

If the insurance company notices you have had many insurance claims, accidents and speeding tickets, they might blacklist you and consider you high risk. They may increase your premium because they think you will have a car problem very soon.

Also, insurance companies might increase your premium if you have collided with other cars and been faulty one for the past six years. Some companies increase the premium if they come across one profound conviction that outsmarts from the rest in the past three years.

Always make an effort of building a good driving record. Obey road regulations and rules to avoid colliding.

Increase your deductible

Your deductible is the amount of money you agree to pay if your car needs repair. If you increase your deductible, you will pay more while the insurance pays less. Increasing your deductible leads to a low premium fee.

More ways to save:

Compare prices of different insurance companies. Moneyexpert.com have the cheapest car insurance. Don’t look at the fee only but also look at the of losses covered, the claims they service, the amount covered and what you get for the premium.

Ask for discounts if you have insured many vehicles or if you have more than one type of insurance from the same company. Different companies offer discounts if specific ultimatums are met, always inquire.