Tips to Save Money on Car Insurance

Apr 20, 2018

In our last blog post, we explained what car insurance is and what its purpose is. We also mentioned that every state except New Hampshire requires motorists to carry automobile insurance. Since the vast majority of drivers in the nation are legally required to have car insurance, we thought it would be a good idea to share some tips about how you can save money on the coverage you need.

Whether you drive a 2016 Kia Soul, a new Kia Soul or another vehicle altogether, it’s likely you can save money by bundling your current insurance policies with one insurer. Many insurance companies offer discounts on car insurance if you have more than one policy with the same carrier. If your homeowners policy is with one company and your car insurance is with another, consider moving one of your policies so that both of them are with the same carrier.

You can often lower your auto insurance premium by raising your deductible. Your deductible is the amount of money you’ll pay out of pocket before your insurance policy kicks in. As a general rule, your premium will be lower the higher your deductible is. You should only consider raising your deductible if you can afford to pay more out of pocket comfortably.

While you may already know that your credit score will influence your ability to qualify for financing when you apply for a loan or lease at our Waukegan, IL Kia dealership, you may be surprised to learn that your credit score also influences your car insurance premium. Research shows that people with poor credit are more likely to file insurance claims. For this reason, people with poor credit typically pay more for auto insurance. To keep your car insurance premium as low as possible, maintain a good credit score.

For more tips to save on car insurance, contact Classic Kia now.