38 APRIL 2020 WOMANSDAY
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Deals on Car Insurance
Whether you’ve got a brand-new ride or you’re
still driving an old clunker, these expert tips
will help you reduce your monthly payments.
Pick a Car Carefully
Insurance premiums are based in part
on the price of the car, the cost to repair
it, its safety record, and the likelihood
of theft. Many insurers offer discounts
for features that reduce the risk of theft
or injury. Check safety rankings at iihs
.org, the website for the Insurance
Institute for Highway Safety. Estimate
the cost of insuring a car with the online
estimator tool at carinsurance.com.Drive Safely
This may be obvious, but the cleaner your driving
record, the lower your insurance cost. Specifically,
you want to avoid points on your license, which
are typically issued for a moving violation like
speeding or running a stoplight. Some agencies
offer discounts if you haven’t had any accidents
or if you take a defensive-driving class, especially
if you are over 65, since statistically the rate
of accidents goes up as people age.Use Public
Transit
Some companies
offer a low-mileage
discount for people
who drive fewer than
the average number
of miles per year—
perhaps because they
take a train, subway,
or bike to work. There
are also benefits if you
can show that you use
your car to carpool.Consider Bundling
Many insurers will lower your
premium if you purchase two or more
types of insurance (such as home and
auto) from them or have more than
one vehicle insured. Some may
also offer a price break to longtime
customers. If you already have an
insurance company you trust, ask
about a multi-policy discount.Look Into
Discounts
for Drivers
Who Are
in College
If your university
student has a high
GPA—the necessary
level varies—you
could get a discount.
The price can be even
lower if he or she
has taken a driver’s
education course.Loretta Worters, vice
president of media
relations at the Insurance
Information Institute
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