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PrintMore Bang for Your Buck: Car Insurance
All drivers know -- pricey car premiums can put a dent in your wallet and send your cash flow in reverse. So we'll give you some tips to help you get some deals on wheels and avoid highway robbery when it comes to insuring your car.
(WSVN) -- South Florida means sun, fun and fancy cars, but those hot wheels can jack up the price you pay on insurance.
Frugal Shopper
, Jody Kennel says, "Cars and gas prices are expensive already. To have to pay insurance on it, your looking at just to be able to drive 4 or 5 hundred dollars a month."That's a lot of money for Jody Kennel.
So to lower her rates, experts say focus on the safety features.
Lottie Brown of the Dept.of Finance
says, "You can save money by making sure your vehicle has anti-lock brakes, air bags and you can purchase an anti theft system to help in the recovery of a stolen vehicle."And you can do your research before buying a vehicle.
The fancier the car, the more it's going to cost ya.
Lottie says, "I
f you have a sports car thats going to cost more.. they're more subject to theft..premiums are going to be higher, repairs are going to be higher."And if you have a need for speed, your rates are going to be higher.
"I
f you don't have any tickets the insurance company will offer you a safe driver discount at renewal and thats going to make a difference."You can also make a difference by putting more than one car under the same plan.
Jody and her fiance wound up saving two hundred dollars a month.
She says, "B
y going under the family plan I wound up saving more by have multi cars in the household."Or you can try to write multiple policies with the same company.
"I
f your lucky enough to get home, automobile, and flood policy all with the same insurance company, your eligible for an account discount that will definitely lower your premium for your automobile and your homeowners as well."And if your home includes a teenager, listen up - those good grades can put you in good standing.
"M
ost insurance companies will offer a good student discount for youthful drivers and thats a way to entice students to well."That's especially important for the boys.
Rates are typically highest for guys under 25 and all drivers over 69 because they have the most accidents.
Jody says, "I know if God forbid something happens I'm covered."
And when you're driving in South Florida, that peace of mind is worth the price.
And if you have a car over 10 years old, experts suggest dropping collision insurance.
It's not cost effective on older vehicles.
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Contact: bcanals@wsvn.com