It’s not easy being a young grad these days. Unless you already have a high paying job lined up as soon as you graduate there may be some difficult financial time in store for the near future. With that in mind, there are some places where you can start saving while you build your career. One good place to start is with car insurance.
There are some easy ways to trim your car insurance costs.
One thing that has become popular lately is usage based car insurance. Usage-based insurance programs base part of the price on how you drive. The programs use smartphone apps or plug-in devices to track mileage and certain driving behaviors. You can save money by avoiding the habits insurers consider risky, such as hard stops and late-night driving.
There are also pay-per-mile programs that you can take advantage of if you don’t drive all that much. Customers who drive fewer than 10,000 miles a year can save money.
Hopefully you have been good at paying your bills on time because if you have, you may be rewarded by saving with car insurance. To gauge how well you handle credit, insurance companies consult your credit-based insurance score. If you have a good credit score you can get better insurance rates.
Next time you’re in the market for a new car, considering insurance costs. It doesn’t mean you must drive the most mundane car out there but you if you really want to save on insurance just remember, the more sensible and cheaper to repair cars are the ones that are also cheaper to insure.
Above all, shop around for the best deal. Ask for discounts and take the time to find out what different insurance companies have to offer. You may end up saving quite a bit in the long run.
