Auto Insurance Advice: Student Discount on Auto Insurance
Posted by Admin at 9 February 2020, at 11 : 03 AM
If you are a student and maintain at least a B average (3.0 GPA), be sure to ask your auto insurance company about a good student discount.
Increase Deductible
Increase your deductible to save more on your monthly premiums. However, realize that if the deductible is $500, you will be responsible to cover any damage $500 or under. If you would be unable to cover that damage out of your own pockets, then you shouldn’t increase the deductible and just pay the higher monthly insurance premium.
Consider the Cost of Insurance While Shopping for a New Car
Keep in mind that certain cars will cost you more in auto insurance premiums. Sports cars and SUV tend to cost more than regular family oriented sedans. The idea is if you are driving a sports car, you are more likely to speed which is one of the more frequent causes for accidents.
Anti-Theft Devices
Installing a anti-theft device is not only useful to help prevent your car from getting stolen but will also help lower your auto insurance premiums. Devices such as lojack and car alarms will definitely save you a few bucks.