Consider Discounts: Many insurance companies offer discounts for luxury car owners. Explore options like limited mileage discounts if you drive your car infrequently. Garaged parking discounts reward you for taking extra security measures. Security system discounts can provide a further reduction in premiums if your car is equipped with alarms or trackers. Loyalty programs and discounts for belonging to car clubs can also yield significant savings.
Raise Your Deductible: The deductible is the amount you pay out of pocket before your insurance kicks in. Increasing your deductible can significantly lower your premium. However, balance this decision with your financial situation. Ensure you have enough savings to cover the higher deductible in case of a claim.
Financing vs. Leasing: Insurance Implications
