In general, people like to save money on the services that they need to buy. This is of course the case for Arizona car insurance coverage. Residents of Arizona can easily cut their car insurance costs by reducing the amount of coverage that they buy, but that can also increase their financial risk in the event of an auto accident. Below are some tips that can help you save money on car insurance coverage while managing your risk.
1. People below the age of 25 pay the maximum amount for auto insurance. To minimize this and to attract more affordable rates, you should maintain good grades at school (B average minimum). This will make you eligible for a discount of up to five percent on your car insurance.
2. If you maintain your policy with the insurer for a period of five years, you will be entitled to a discount of five percent for being a loyal customer. But, if during that period some other insurer offers you the same coverage at a lower rate, then it would be wise to take them up on it instead of waiting for five years for a discount that won’t matter much. Moreover, you can also do a research on various other insurers and find out if your interests are better served by them.
3. Obeying traffic rules is a sure shot way of ensuring low car insurance rates. If you are unlucky to collect frequent speeding tickets, or you are caught driving when you are intoxicated (however little it might be), then you may end up paying high insurance rates.
4. Knowledge is another important factor in this area. You might miss out on important discounts for which you are eligible just because you don’t know about them or maybe even because your insurer didn't tell you about them. Many insurance providers in Arizona avoid telling their customers about such benefits to save some money. It is best to stay up to speed by comparing car insurance quotes from multiple insurance companies.
5. Many people simply let their policy lapse without reason. This usually happens when one tries to switch to another insurer. This only leads to more expensive rates. The best way to avoid this is to continue the policy until the time that the new one is in full force. Once your coverage begins on the new policy, cancel your old car insurance policy. There are many other ways of paying low rates, the most beneficial being comparing car insurance quotes online.