Owning a car can be a huge financial investment. Owning a car goes far beyond the commitment of just buying the car or making monthly payments on one. There is auto insurance, the cost of car maintenance, gas, and more. One of the most common questions that we get at our office is about auto insurance, and how to keep the cost down. If this is a question that you’ve been thinking about, read on for more information. It is important for all car owners to know how they can keep car insurance to a minimum.
Your Driving and Credit Records
The best way to keep your auto insurance low is by maintaining a clean driving record. In Connecticut, your auto insurance could increase quite a bit after getting a speeding violation on your driving record. If you do receive a traffic ticket, the best way to try and avoid the violation going on your driving record is hiring an attorney, and fighting the ticket.
Another way to keep your auto insurance costs low is to maintain a good credit record. Many insurance companies use credit records to establish insurance prices. To do this, keep a close eye on your credit, pay all of your balances when they are due, and try to keep your credit balance as low as you can.
If you do not drive that often, you may be able to get a low mileage discount on your auto insurance. If you work from home, carpool to work, or work just a few minutes away from home, then you possibly drive less than the average number of miles per year. Check to see if your auto insurance company has this discount, and see if you qualify for it.
Auto insurers actually offer a range of different discounts on policies. Some examples are:
- Long-time customer discounts
- Student drivers with good grades
- No accidents in three years
- Drivers ed courses
- Defensive driving courses
- College students away from home discounts
Do research on your auto insurance company and see if you might qualify for one of the discounts that they offer. If you do, you might actually save a lot of money on your deductibles.
Finally, do research on the insurance costs before buying a new or used car. Auto insurance is partly based on the cost of the car, the cost of repairs, the safety record, and the likelihood of theft. You can visit the Insurance Institute for Highway Safety for more information on cars and their insurance costs.
Keeping Your Costs Low
If you have received a traffic ticket and you do not want your auto insurance costs to go up, you should consider fighting your ticket to try and maintain a clean driving record. If you want more information or have questions, give us a call at 203-567-6474 to speak with someone who can help you and answer your questions.