11 Smart Ways To Cut Your Auto Insurance Cost Quickly

Ways To Cut Your Auto Insurance Cost Quickly. Smart girl feeling confident after getting cheap auto insurance policy.

(4) Pay Your Premiums Annually

It is one of the simplest ways to cut your auto insurance cost quickly. A monthly or quarterly installment plan for your ipolicy premiums is actually a high-interest loan with an APR of around 25%.

For example, if your annual premium is $1,000 & you have decided to pay your premium in form of monthly installments then your policy will actually cost $1,140.

Thus, policy holder should either pay annual premiums in full amount, or if you can’t afford it, use a credit card with a lowest possible APR.

If you are paying through credit card then don’t forget to check the fee charged for doing this transaction. However, you should not forget to pay your credit card debts on time.

[Read Also: 10 Strange Auto Insurance Myths About Insurance Coverage]

(5) Avoid Duplicate Coverage

It is the smartest way to minimize or lower insurance premiums of your vehicles. Several people prefer to use credit cards for wide range of transactions.

If you also own a credit card or association membership than do check their special offering such as towing & roadside assistance. In such a case, don’t pay your vehicle insurer for such duplicate coverage.

Similarly, if you already have health policy for you & your family members then you can smartly cut your no-fault medical coverage to the state-required minimum.

Image Source: Shuterstock

Recommended Posts

About Editing Staff
At GetUpWise, we are a team of professional writers from different areas of subjects. We are conducting thorough research on each & every topic from highly reputed sources before writing any piece of article. Once research is done, we try our best efforts to provide informative piece of articles in an easy to understand manner. It is something that is extremely essential to meet our goal while reaching & offcourse building a strong online community. We do update our articles from time to time in order to provide the most latest information quickly. Thus, our articles can be used as a "way to gain smartness".

Leave a comment

Your email address will not be published.



This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Instant Access To GetUpWise Posts

Subscribe Us

Please do verify your email address by clicking a link sent to your email.

More in Auto Insurance
Amazing tricks to reduce your car insurance quotes.
25 Amazing Tricks To Reduce Your Car Insurance Quotes

(4) Improve Your Driving Skills It is one of the great tricks to reduce your car insurance quotes. Some of...