The old saying “a penny saved is a penny earned” is true to the core. This not only applies to day to day life, but also to car insurance. Car insurance is of great importance like any other insurance, as you get protection against damages or thefts. However, a little mistake can cost you a lot. So, here are a few tips for saving on car insurance.

Compare All Options
This is one of the most important tips on saving on car insurance. Before zeroing in on the product, it’s always wise to do your homework. Many online platforms can come to your rescue and help you compare different car insurance premiums set by various companies. Check for all hidden costs, compare, read the documents very carefully, take help, and then choose a suitable product.

Evaluate Voluntary Deductions
Voluntary deductions mean the sum a person is required to pay in case he/she meets with an accident. If the voluntary deduction is nil in your policy, you don’t need to pay a penny. However, if the policy specifies a certain amount for voluntary deduction, then you will have to bear that cost. Moreover, the higher the voluntary deduction, the lower will be the car insurance premium amount.

Installing Anti-theft Devices Can be Helpful
Installing an anti-theft device is among the tips on saving on car insurance, as it not only protects you and your vehicle, but also helps by reducing the car insurance premium amount. Safety features, such as air bags, anti-lock brakes, automatic-emergency braking, etc. can have a positive impact on the car insurance premium amount.

Expensive Gadgets Can Increase Premium Amount
Expensive gadgets not only affect your budget but also spike the car insurance premium. Alloy wheels, rear spoilers, and exterior modifications can hike the amount too. So, don’t overspend on your car and follow tips on saving on car insurance carefully.

Don’t Miss the Date
This point is an important one in the list of tips on saving on car insurance. If your policy lapses, you won’t be eligible for a No-claim bonus. So, never miss out on the premium dates. You can set a reminder for expiration date or opt for a reminder from the company itself.

Review Add-on Covers
Choose what you require when it comes to add-on covers. Assess if you really require NCB Protector, Engine Protector, Road Side Assistance, Key Replacement, Consumable Cover, or other add-ons. Strike out the add-ons which are not useful and bring your car insurance premium down.

Join Road-safety Organizations
Availing membership of organizations like National Highway Traffic Safety Administration, Governors Highway Safety Association, or American Traffic Safety Service Association etc. has advantages in terms of car insurance premiums. With many other benefits, the membership can get you a concession on the premium amount.

Besides all these tips on saving on car insurance, drive safely and save money and your life, because nothing is as precious.