If there is one thing the wealthy understand, it is that your money should always be working for you. If it’s not, it’s working against you. At Glass Insurance Center, having the right coverage is always the number one priority for our clients; but that doesn’t mean that we turn a blind eye to possible savings. If you are planning to request an online car insurance quote from us, we do have some tips for optimizing cost for the coverage you need. Continue reading to learn five easy ways to get a more out of your car insurance.
Pay in Full
If you were given the opportunity to make a guaranteed return of 10 percent on your investment, would you do it? When you pay in full for your car insurance, you make one or two lump sum payments each year rather than one each month. In return, many insurance companies offer instant savings of up to 10 percent.
Pay Your Credit Cards in Full
Credit cards may get a bad reputation, but responsible use of a credit line can actually have significant benefits when it comes to what you pay for your car insurance. We know that our customers understand the importance of having good financial habits. While it may seem smart to use a rewards card or zero percent interest rate card to make money rather than lose it, carrying debts from month to month can actually ding your credit score. Because your insurance score relies heavily on your credit score, having an above average credit score can save you a significant amount of money over time.
Park in the Garage
Many comprehensive insurance claims are a result of damages that occur on a driver’s personal property or just outside of it. When you park your car in the driveway or on the street, it is more susceptible to theft and vandalism, as well as damage from environmental hazards. Park your vehicles in a garage, and you might just save a few dollars on your car insurance.
Combine Your Auto with Other Policies
Most companies have some type of “multi-policy” discount where you can save money simply by insuring your car with the same company that you insure other property with. The most common type of bundling is to insure your car and home with the same company. Not only will you save money, some companies offer a true “package” policy where your home and auto share a common deductible among other things. If you don’t own a home, you are still in luck as many companies will consider bundling your car with a renter’s policy, motorcycle insurance, or even life insurance in some cases.
Ask Glass Insurance Center about Association Discounts
Many of our clients in the Lake Geneva area have a history of personal, educational and professional affiliations. If you work for certain companies, were a member of a specific fraternity or sorority, or perhaps are a member of a medical or bar association, you might qualify for special savings on car insurance. Be sure to set an appointment with an advisor here at Glass Insurance Center to review your personal profile for possible association benefits.
For more information or to request your online car insurance quote, visit our website today.