Though car insurance is a part of owning a vehicle and can’t be avoided, you may not love how expensive it is. You may be wondering if there are ways to save money on your auto insurance so that you’re not emptying the piggy bank every time you have to make an insurance payment for your pickup truck. Well, we’ve got some of those tips for you, and we’ll explain why they work.
1. Raise your deductible.
Your deductible is the amount that you agree to pay if you have a claim. You have a portion of a loss, and so does the insurance company.
Now, your premium is affected by your deductible. If you have a higher deductible, you accept more responsibility and you’re less likely to file a claim (since it probably wouldn’t be worth it to file a small claim.) That means you could get lower insurance premiums. So, raising your deductible could help you save money on your pickup truck insurance.
But we also have a word of caution: you don’t want to raise your deductible too much. You don’t want to set it so high that it would be a burden to pay if you did have a claim. But if you look at your finances and find out that you could afford to pay a bit more towards a claim, you could save money on your premium.
So, you need to find the balance between deductible and premium.
2. Investigate discounts.
Many car insurance companies offer a variety of discounts. Discounts are great because you can save money just by fulfilling certain requirements – which you can do by being you. There are lots of discounts out there – some companies offer a multi-vehicle discount if your family has insured more than one car with them, for example. Others offer military discounts or low-mileage discounts (which apply if you don’t drive too much.)
So, you may want to check with your agent to see if there are any discounts available to you or look at your insurance carrier’s website to see what discounts they offer.
3. Improve your credit score.
To an insurance company, your credit score is seen as an indicator of risk. People who have better credit scores have a lower chance of being in a car accident and having a claim, so having a good credit score means you may get a lower car insurance rate.
You could save money on your pickup truck insurance by bundling your home insurance and car insurance (which means getting both coverages from the same company.) Check and see if your insurance company offers any sort of discount for bundling. If you feel that bundling is right for you, you can consider switching your home insurance to your car insurance company or the other way around.
5. Drive safe.
If you have accidents and speeding tickets on your driving record, chances are you’ll end up paying more for your car insurance. Insurance companies don’t like risk, and tickets and accidents mean that you have a higher chance of being involved in a car accident. But by driving safe, you can keep your car insurance rates from going up. A few safe driving practices: don’t text and drive, eat, or allow yourself to be distracted while you’re behind the wheel. Your insurance rates (and the other drivers on the road) will thank you.
When you’re looking for auto insurance for your pickup, it’s a good idea to shop around and compare prices. Find out what options there are as far as coverages and prices. Every insurance company has their own criteria for evaluating drivers, so you may be able to save a substantial amount of money by shopping. Don’t feel like you have to settle for the first company or quote you find.
Speaking of shopping for your insurance, we can help with that. Our team of agents would be happy to help you save on your auto insurance. Car insurance may feel overwhelming and expensive, but when you work with our team it doesn’t have to be either of those things. We like to make insurance easy while helping our clients get the best price on their car insurance. Get started with your quotes by filling out our online form or giving us a call today. (And we can also help if you need commercial truck insurance. Find out how you can save money on business insurance.)