Money Saving Tips on Car Insurance

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Ugh. Insurance, right? What a pain. What a nuisance. What an expense!

The bad news is, if you drive a car, you have to have insurance. Not having it is very much against the law, and will get you into a great deal of trouble if you get caught without it.

The good news is, insurance doesn’t have to cost an arm and a leg. Here are a few things you can do to reduce your monthly car insurance payment.

Carry Liability Only

It’s surprising how many people don’t seem to know this, but you aren’t required by law to carry coverage on your vehicle itself. You can have “liability” coverage, which essentially covers you, the driver, if you cause a wreck that damages somebody else’s car. The insurance company won’t pay for repairs on your vehicle, but you’ll stay out of hot water with the law and the other driver.

Now, there is a caveat to this. If you still owe money on your car, your lending institution will probably require you to carry comprehensive coverage on it until it is paid off.

Raise Your Deductible

Buying insurance is essentially a matter of making a bet. The higher your deductible, the more confidence you’re showing in your ability to avoid a collision. Well, the insurance company is making the same bet, so the lower your deductible, the higher your premium will be, and the higher your deductible, the lower your premium will be.

There is no way to “win” here, but if monthly expenses are your biggest priority, then it makes sense to opt for a higher deductible/lower payment.

Find the Discounts

Discounts vary depending on your insurance company, but drivers can often find discounts for things like taking the bus, for driving under certain mileage thresholds and taking defensive drivers courses.

Look through your insurance company’s website. There is probably a discount for you.

Watch Your Credit

Your credit score isn’t just used for evaluating your risk as a borrower of money. Some companies — and insurance companies are among them — use your credit score to make a judgment about your general reliability, like, as a person. Your credit score is a factor in your insurance premium, so it is a good idea to make sure it’s correct, at the very least, and to work to improve it. Paying off outstanding balances, paying your bills on time and avoiding carrying large credit balances are all good ways to improve your score.

Of course, if your car is in bad enough shape that you’re not carrying comprehensive coverage on it, this is probably a good time to shop for a new one. Come see our friendly sales staff at Finnegan Chevrolet Buick GMC, and we’ll get you into just the right vehicle for your budget and lifestyle.

How To Save Money At The Pump

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Even with oil and gas prices dropping at the pumps, we as the concrete navigators of Houston are always looking for ways to save money. With gas being a hefty monthly expense for many commuters in a city as big as Houston, there’s luckily a few techniques to get more miles for your money.

Slow Down

This may seem like an obvious tip, but it really does go a long way when getting better mileage. The logic goes like this: the more RPM’s your engine uses, the more gas it uses to power it. In a city with constant stop-and-go traffic, the RPM’s needed to accelerate from 0 mph to even 30 mph is a lot, especially if you drive an SUV (they’re heavier). Keeping your RPM’s low, or constant, will save you gas mileage, and money, in the long run.

Use Your Car’s Cruise Control

Continuing from the tip above, your car’s cruise control setting is designed to keep your speed, and your RPM’s, at a constant level. Using this setting, especially on long road trips, will undoubtedly get you better gas mileage. Instead of fluctuating your car’s speed and RPM, the cruise control setting will keep your speed and RPM’s at a constant level – ensuring your car uses fuel at a constant pace, rather than a sporadic one.

Maintenance is Key

Your car needs proper maintenance just like you need the right amount of sleep and food to function! Neglecting your car’s needs like routine oil changes, tire rotation, or cleaning the air filter all contribute to how hard your car’s engine has to work. Besides, car maintenance is easy, and just right around the corner from you. In the end, a well-maintained car will ensure you’re getting the maximum amount of mileage from your vehicle.

Schedule an Appointment

Not getting the gas mileage you want out of your car? Bring your vehicle into our service department and we’ll make sure everything is properly maintained! Visit our Finnegan Chevrolet Buick GMC website for more information, or bring your vehicle by our service department for a checkup!
(c) 2013 Finnegan Auto Blog