Save on auto insurance

7 Ways to Save Money on Auto Insurance for an Older Car

If you have an older car, it’s important to find the right auto insurance policy that fits your needs and budget. Here are seven ways

If you are looking to save money on auto insurance for an older car, there are a few things that you can do in order to get the best rates possible. While it is true that your vehicle may not be as safe or dependable as newer models, with these seven tips and tricks, you will definitely see an improvement in your rates. Read on!

Don’t drive with no auto insurance.

Just don’t do it!  It’s the number one way to put yourself in a bad situation and pay more money than you need to for auto insurance. Be careful of what happens if you are caught without auto insurance, because some states have very harsh consequences. If your state is not so strict, you will likely have to pay a much higher auto insurance premium for not having coverage.

Shop around and compare rates regularly .

This is an important step in saving money on any type of insurance policy, but it’s especially crucial when looking for auto insurance for an older car. Rates change all the time, so if you don’t compare auto insurance rates, you may miss out on a great auto insurance deal.  Many auto insurance companies will offer lower premiums to new customers who are switching from another auto insurer and it can be worth your while to find that company and switch over if they have the same coverage at a cheaper price than what you’re currently paying.

Use your auto insurance deductible as a bargaining chip .

The general rule of thumb is that the higher your auto insurance deductible, the lower your auto insurance premium will be. However, you don’t want to choose an extremely high auto insurance deductible if it means that you can only afford the bare minimum on repairs or replacement for your car. If this

Increase deductibles on collision and comprehensive coverage .

This is a great way to save money on auto insurance for an older car, as the cost of these coverages usually goes up as the value of your vehicle decreases. By increasing your deductibles, you are essentially agreeing to pay more out-of-pocket in case of an accident or other covered event, which will reduce your auto insurance premiums.

You can pay more in advance to decrease monthly payments.

Many auto insurers will allow you the option of paying a higher premium upfront and then taking that amount out of each month’s payment, which means less money is deducted from your bank account for auto insurance. This may be an appealing way to save some extra cash, especially if you have a tight budget each month.

Check with your auto insurer about discounts for older cars .

Some auto insurance companies offer discounts to drivers of older vehicles, as the risk of an accident is often lower for these drivers. Ask your auto insurance company if they offer any such discounts and see how much money you could save by taking advantage of these auto insurance deals.

Don’t drive illegally .

This is another huge way to pay more money for auto insurance than you need to, as auto insurers will often suspend your policy if you are caught driving with a suspended license or without registration and proof of auto insurance. If you’re not caught right away after this type of infraction, you will likely racking up points on your auto insurance record, which will cause your rates to go up. Just don’t do it!

Auto insurance is a necessary evil for most drivers, but with these seven tips and tricks, you can save money on auto insurance for an older car. Follow these guidelines and you’re sure to see a decrease in your premiums.

With these seven tips and tricks, you should be able to find the best rates possible for your car insurance. However, if you are still having trouble finding a policy that fits your needs or budget, please give us a call American Financial Solutions LLC at 203-706-4015. Our team of experts can help you get an affordable quote without sacrificing quality coverage. Which of these auto insurance tips have helped save money on your vehicle?


When you drive with quality coverage, you drive with peace of mind. American Financial Solutions can help you stay protected for wherever the road takes you.  


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