Owning a car in Katy can be expensive. Not including car loan payments, the cost of driving the average car is a whopping $9,122 per year, according to the American Automobile Association (AAA). Although you may not be able to lower the price of gas or the cost of your car loan, your Car Insurance in Katy TX is one vehicle-related expense that’s somewhat negotiable. Here are 5 smart ways to reduce the cost of your insurance policy.
Beef Up Car Security
If your car doesn’t have an anti-theft device, it makes financial sense to invest in one. According to experts, installing a car-immobilizing theft deterrent with a vehicle-recovery system like LoJack can reduce your Car Insurance in Katy TX by 20% or more. Even more simple anti-theft devices like wheel locks and VIN chemical etching can reduce your rates significantly.
Search the Internet
The internet has made it easier than ever to shop around for car insurance to find the best rates. While looking at Insurance companies on the web, it’s easy to compare quotes and find an affordable policy that fits your needs. As an added bonus, insurers sometimes offer one-time discounts for signing up for policies online.
Raise Your Deductible
If you have a bit of money set aside for auto-related emergencies, try raising your insurance deductible to save big on the cost of your premium. According to the FCIC, raising your deductible by as little as $250 can reduce your insurance rates by up to 30%.
Reduce Your Mileage
Insurers often offer enticing discounts to drivers who keep their yearly mileage low. How low? You may qualify for reduced rates if you drive less than 7,500 to 10,000 miles each year. If you have a short commute or carpool to work, you could be saving around 10% on your Car Insurance in Katy TX.
Ask About Discounts
Sometimes, all it takes to lower your car insurance is a quick chat with your insurance agent. Although they’re often unadvertised, many insurers offer small but helpful discounts to certain groups of people. For example, college students, senior citizens and military veterans are often eligible for slightly reduced insurance rates.
Owning and operating a vehicle is expensive, but you can lower your costs by working to reduce your insurance rates. Keep the tips above in mind and talk to your insurance agent for more ways to save. For more information click here.
