You’ve probably heard this from every commercial about car insurance, but you’re probably paying too much for Jupiter car insurance. Instead of giving you a half-baked marketing slogan about how you can reduce your rates, I’m actually going to give you a few tips to reduce your rates regardless of which provider you are using. These tips work, and you can cut your monthly premiums by up to 40%.
Increase Your Deductible
If you’re prone to crashing or accidents, then this may not be the best idea for you. However, most drivers can save about 30-40% on their premiums by increasing their deductible. This is how much you pay if there is any damage to your car, and the insurance company will typically give you higher premiums so that they can comfortably pay for all of the damages, excluding your deductible.
Most deductibles are around $200-$500, depending on your policy. However, if you boost your deductible to $500-$1,000, then you
can significantly lower your Jupiter car insurance premium.
Forego Medical Coverage
This is another tip that might seem a little crazy, but it does work. Most car insurance policies come with medical coverage to protect you in a serious accident. You should always have medical coverage, but think about the insurance you already have. Do you have a separate health insurance policy? If so, then you really don’t need a similar policy from your auto insurance company.
This is like paying for two medical insurance policies, but only one is helping you. Cut the medical coverage, and you can save a lot on your premiums.
Get the Right Car
You can lower your insurance premiums by buying the right type of car. You should buy a car that has all of the modern safety
features, like ABS, car alarm and even rearview cameras. You should also buy a car that is affordable to repair and unlikely to be stolen. The former contributes to high repair costs if there is damage, and the latter means that the insurance company will have
to pay a lot of money getting you a new car.
The less you are on the road, the less at risk you are for an accident. Many insurers will give you a discount if you drive less than the average number of miles. Ask your provider about this, and see if you can qualify for a low-mileage discount.