There are many ways to lower your car insurance premiums, such as taking defensive driving class or daytime driving lights. In fact, there are several simple tricks to get discount for your premium.

1. Check insurance rates before buying a new car

Insurance rates are depending on the car type. The more expensive the vehicles, the higher the annual premiums. If you are planning to buy a new car, you should check the insurance rates with an agent so you can get ideas how much the annual premiums cost when you buy specific brand and model.

2. Add safety features on your car

Did you know that installing safety features can reduce the cost of your car insurance? Safety features are not only to protect you, your family and your vehicle but also convincing insurance company that you are cautious driver. Before get a quote, tell the agent that your car have safety feature. You can install safety feature like anti-theft alarm, air bags, anti-lock brakes and so on, to get discount from the insurance company.

3. Managing credit score

If you always pay your bills on time, the insurance company will lower your insurance premium. They assume that you are a responsible person, so you are less likely to file claims. Insurance company will indeed checking your credit score before giving quote for their applicants. Therefore, if you want to lower your premiums, you better manage your credit score.

4. Considering to purchase older car

Collision and comprehensive coverage are the most expensive types or coverage. With older car, you can get lower comprehensive and/or collision coverage. You can also increase your deductible so you can get lower premiums. 

5. Considering to purchase an eco-friendly car

Some insurers may offer discount if you own hybrid or alternative fuel car. 

It will always better to discuss with your insurer for lowering your car insurance premiums. Ask them to review your coverage and deductible especially if you own five year old car or above. Inform them about the safety feature on your car. 

People always found "Deductible" in their insurance policy. What is deductible? Deductible is an amount the insured must pay over claim before the insurance company pay the claim. Deductible can be seen as out-of-pocket expenses. Out of pocket expenses means direct cash out that could be reimbursed later. The simple way to understand deductible is through this example, let's say your deductible is $500 and your total expenses (claim) is $1500. You have to pay your $500 deductible and your insurer will pay $1000. However, if your expenses was $500, you would have to pay the entire expenses and your insurance company would pay nothing. Deductible often used to avoid a large number of claims, so the consumer could reasonably expect the cost. Insurance company restricting its coverage significantly enough to incur large costs. Because of that, the insurance company expects to pay out smaller amounts less frequently, so they can have much higher savings. Insurance premiums are typically cheaper while involving higher deductibles.

Deductibles usually provided as clauses in an insurance policy to determine how much insurance-covered expense is borne by the policyholder. Deductibles normally quoted as a fixed amount. Depending on the policy, deductible may apply per covered accident, or per year. As for health insurance, which is not easy to delimit, typically applied per year. There are several deductible reimbursement programs that provide reimbursement for automobile, home or health insurance claims. In health care financing, deductibles or out of pocket costs are typically high when it comes to prescription drugs especially in the United States. Before taking a health care plan, it is important to examine the out of pocket costs whether it's high or low.