{"id":830,"date":"2011-08-05T09:11:24","date_gmt":"2011-08-05T17:11:24","guid":{"rendered":"http:\/\/www.carinsurancelist.com\/blog\/?p=830"},"modified":"2011-08-16T09:25:11","modified_gmt":"2011-08-16T17:25:11","slug":"5-insurance-loopholes-that-will-save-you-money-on-car-insurance","status":"publish","type":"post","link":"https:\/\/www.carinsurancelist.com\/blog\/2011\/08\/5-insurance-loopholes-that-will-save-you-money-on-car-insurance\/","title":{"rendered":"5 Insurance Loopholes That Will Save You Money on Car Insurance"},"content":{"rendered":"

\"\"<\/p>\n

Short of slipping through some legal loopholes, most of us aren\u2019t aware that we can get away with paying a lot less for our insurance, just by setting it up a little bit differently. You don\u2019t have to do anything illegal, or even slightly un-ethical.\u00a0 It\u2019s just a case of knowing the rules well, and knowing where you can exploit them.<\/p>\n

Bear in mind that some of these tricks will work better in certain states, so always check up the laws in your own state first.<\/p>\n

1 \u2013 The Multicar Discount<\/strong><\/p>\n

Putting two cars on one policy usually works out cheaper \u2013 you can save as much as 50% on the second car, especially if it is a reasonably-priced modern car. It\u2019s easy to be swayed by great offers on insurance when you buy a second car, but check out with your other company what kind of deal they can give you before you sign insurance papers on the dealership floor. This leads to number 2:<\/p>\n

2 \u2013 Get it on Your Parents\u2019 Insurance<\/strong><\/p>\n

If you\u2019re under 25, it can usually work out a lot cheaper to add your own car onto your parents insurance<\/a>, with you as the registered driver, and just pay them every month for the insurance.\u00a0 The plus side of this is that you can get a huge discount on your insurance.\u00a0 The downside is that you unfortunately won\u2019t build up any kind of insurance record of your own, which can make it more expensive down the road.<\/p>\n

3 \u2013 Buy a Security Device<\/strong><\/p>\n

In some states, insurance companies will offer you a discount if you have a security device like a steering lock installed.\u00a0 Always check that the savings on your insurance policy will pay for the device in a decent amount of time, otherwise it isn\u2019t really worth the extra expense.<\/p>\n

4 \u2013 Use a Diverse Insurance Company<\/strong><\/p>\n

If you\u2019re planning on needing more than one type of insurance, such as home owner\u2019s insurance and electronic device insurance, it can often pay to go with an insurance company that has well-developed products in all of those lines. It might make sense to go with different companies if they have good deals, but it\u2019s very rare that three different companies will offer you three deals that are better than what one large insurer can do.<\/p>\n

5 \u2013 Improve Your Credit Score<\/strong><\/p>\n

This last one is much easier said than done, but it can make a huge difference.\u00a0 As far as insurance companies are concerned, a person who is bad with a credit card is likely to be a reckless driver. If you diligently apply yourself to paying off your credit cards and keeping up payments on all of your bills, you will be able to apply for a lower rate in a year or two\u2019s time.<\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Short of slipping through some legal loopholes, most of us aren\u2019t aware that we can get away with paying a lot less for our insurance, just by setting it up<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[365,363],"class_list":["post-830","post","type-post","status-publish","format-standard","hentry","category-advice-how-to","tag-car-insurance","tag-tips","cat-84-id"],"_links":{"self":[{"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/posts\/830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/comments?post=830"}],"version-history":[{"count":1,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/posts\/830\/revisions"}],"predecessor-version":[{"id":832,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/posts\/830\/revisions\/832"}],"wp:attachment":[{"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/media?parent=830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/categories?post=830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carinsurancelist.com\/blog\/wp-json\/wp\/v2\/tags?post=830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}