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buying 4 Overlooked Ways to Save 12% on Car Insurance

21:30  12 march  2020
21:30  12 march  2020 Source:   moneytalksnews.com

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  You Won't Believe How Much Power This Slammed Galaxie Makes Under the sleek exterior of this slammed Ford Galaxie is an assemblage of parts that give it some major moving power. Wicked stance, wide Mickey Thompson rubbers wrapped around massive 20×15 American Legend wheels, and a roll cage jump out to onlookers as a warning that this Galaxie is no ordinary full-size Ford from the ‘60s. Built by the guys at Bones Fab, this monster was profiled on AutotopiaLA, and it's the thing (street) dreams are made of – with tons of power at its dispose. No one is safe.Originally powering this large Ford was a 390 cubic inch engine mated to factory-standard 4-speed manual transmission.

Sometimes, we make saving money far more difficult than it should be. In fact, taking four easy steps can cut your annual car insurance bill by up to 12% — or $186 — on average.

a woman in a car: shutterstock_345801488 © AshTproductions / Shutterstock.com shutterstock_345801488

That is among the findings of the 2020 The State of Auto Insurance report from insurance search engine The Zebra.

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The average annual savings break down as follows:

  • Buy with automatic payments: $24 savings (1.6%)
  • Buy online with an electronic signature: $12 savings (0.8%)
  • Pay in full: $85 savings (5.5%)
  • Pay in advance by 10 days: $65 savings (4.2%)

The Zebra says not enough drivers are taking advantage of such opportunities to save:

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“Many drivers are unaware that how and when they shop for car insurance and how they choose to pay for their policies can have a substantial impact on their rates.”

Related: 10 Cars That Lose the Most Resale Value After 5 Years

More ways to save on car insurance

The Zebra’s annual report revealed some other interesting information about the cost of car insurance. For example, by the time you are in your 20s, car insurance costs begin a decades-long drop that suddenly stops — and then reverses direction — after you reach a certain age.

Wondering when your rates are likely to rise? Find out in “Car Insurance Gets More Costly When You Reach This Age.”

Remember, whether you’re 18 or 80, there are always steps you can take to pay a little less for car insurance.

Switch your car insurance in 9 easy steps

  Switch your car insurance in 9 easy steps Found a better deal on car coverage? Follow this road map for a smooth changeover.Your insurance needs--and costs associated with your needs-change over time, but many people don't think about switching car insurance because of the time and research involved. Car insurance quotes can vary dramatically between insurance companies. Even though it takes time to get a quote, it's a good idea to review your current policy annually to determine if you're eligible for any discounts or if it's time to switch car insurance.

Periodically shopping around is one of the best ways to ensure you’re always getting the best coverage at the lowest cost, but you don’t have to do that homework yourself. If you prefer, services like The Zebra and Gabi will gather quotes for you.

Money Talks News founder Stacy Johnson tried Gabi, and liked what he found. Find out more about his experience in “How I Found $546 in Car Insurance Savings in Under 10 Minutes.” (Article continues after video.)

How do you save on car insurance? Share your tips in comments below or on our Facebook page.

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Coronavirus Pandemic: What Should I Do if I Can't Make My Car Payment? .
As the effects of the COVID-19 pandemic pummel the U.S. economy, mandatory business shutdowns and reductions in consumer demand are leading to massive job cuts. Many car owners will find it hard to make their car payments and avoid defaulting on their car loans. Others may put off a car purchase because of a tenuous job status that takes away confidence they’ll be able to make their payments on time. On March 20, U.S. cases of the coronavirus-caused COVID-19 officially topped 15,000. There have been 201 COVID-19 deaths in the U.S., as of that date.

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