Overdrive

  • Car Care
  • Service Center Resources
  • News
  • Product Updates

6 Ways to Save on Car Insurance, via Money Crashers

Openbay Car on Cliff 6 Ways to save on car insurance

Every state requires some form of auto insurance. Because most of us don’t actually get to reap the benefits of car insurance regularly, we don’t know exactly where to spend, and where to save, when shopping for a policy. For some ways to save on car insurance, we caught up with Andrew Schrage, co-owner of Money Crashers Personal Finance.
Here are Schrage’s recommendations on six ways to save on car insurance:

1) Shop your policy.

Different companies do provide differing rates, so it’s important to get quotes from at least three in order to make the best choice.

2) Improve your credit score.

Some auto-insurance providers do look at this, and a higher score can get you a lower rate.

3) Keep Your Insurance Agent Informed.

Make sure you keep your insurance agent updated on any life events, such as getting married or buying a home, which can your lower premium.

4) Older Car? Drop Some Coverage.

Those with older, used cars might want to drop comprehensive and collision coverage to save cash as well.

5) Safe Driver? Raise Your Deductible.

If you’re a safe driver, raising your deductible can get you a lower premium also. Just make sure you have enough tucked away in your emergency fund to cover the added expense should an incident occur.

6) Ask for Discounts.

Be sure to ask your agent of all available discounts (there are some you may not be aware of) to see if you qualify.

Ways to Save on Car Insurance
Huge thanks to Andrew Schrage, co-owner of Money Crashers, for the tips.
Some more tips from Openbay:

  • Always drive safely, and not just in order to keep your insurance rates down.
  • Quickly compare your insurance options the modern way by using a site like Answer Financial Insurance.
  • If you have any points on your driving license, look into taking a defensive-driving course, which may lower your premium.
  • Consider signing up for a usage-based insurance program, which may lower your rate, based on how many miles you drive, or how safely you’re operating your vehicle. Note: if you’re an aggressive driver, this is not for you, as some companies may use the information to raise your rate.

Drive safely, everyone!

Even well-insured cars need regular maintenance and repair. Next time you need some work done, try Openbay!


Join Openbay Today – It’s Free to Join

Sep 17, 2016Openbay Staff
Openbay Overdrive Ranked within 100 Top Auto BlogsMeet Ethan, Who Booked Car Repair in Tempe, AZ through Openbay
You Might Also Like
 
How Much Does it Cost to Drive Cross-Country Today?
 
Do As I Say, Not As I’ve Done: Ezra Dyer’s Driving Rules
Openbay Staff
September 17, 2016 Car Insurance auto insurance, cars, expert advice, insurance, MKES, money, money crashers, openbay, personal finance, savings, tips, ways to save
Openbay

Openbay, an award-winning online e-commerce marketplace for automotive repair and services and a provider of SaaS-based solutions for the automotive care industry, is transforming the experience for automotive repair and service for consumers and the way that automotive care businesses acquire and service customers.

Contact Openbay

Reach out to Openbay to learn more.

Address: 10 Canal Park, Cambridge, MA 02141

Phone: 617-398-8888

Email: [email protected]

About

Openbay, an award-winning online marketplace for automotive repair and services and a provider of SaaS-based solutions for the automotive care industry, is transforming the experience for automotive repair and service for consumers and the way that automotive care businesses acquire and service customers.

Contact Openbay

To learn more about Openbay marketplace and subscription services, contact us today.

Address: 10 Canal Park, Cambridge, MA 02141

Phone: 617-398-8888

Email: [email protected]

openbay.com

Openbay Solutions
  • Openbay marketplace
  • Otis 
  • Business profile page 

Have an Openbay representative reach out to me

2023 © Openbay Overdrive