1 Shop Around
Prices differ from carrier to carrier, so it pays to compare car insurance quotes. Get at least three price quotes. This can easily be done and it is quick and easy just click on the link. Fact: Compare Car Insurance Quotessave an average of $550 last year (your rates may vary). Car insurance is there to provide peace of mind and protect you financially. It’s very important to pick a company that is financially stable. When comparing carriers make sure they are in excellent financial health by checking their ratings.
2. Drive Less and Save
Save on your auto premiums by driving less. Most insurance carriers offer discounts if you drive less than 7500 miles per year. Another way to save by driving less is to use public transportation or car pool; insurance carriers refer to this as a commuter discount.
3. Increase your deductible
Deductibles are what you pay before your insurance policy kicks in. By requesting higher deductibles, you can lower your costs considerably
For instance; increasing your deductible from $250 to $500 could decrease your collision and comprehensive coverage cost by 10 to 30 percent. Going to a $1,000 deductible can save as much as 40 percent. One thing to consider before raising your deductibles is to make sue you have enough funds to pay if you have a claim.
4. Credit History credit report
Establishing good credit can reduce your insurance costs. Insurance carriers are now using credit history to price auto insurance policies. To protect your credit standing, pay your bills on time, and maintain a good to excellent credit history. Keeping your credit history strong will help keep your auto insurance rates low.
5. Reduce Coverage on Older Cars
Consider dropping collision and/or comprehensive coverage’s on older cars. If your car is worth less than 10 times the premium, purchasing the coverage may not be cost effective. A good source is Kelley’s Blue Book (http://www.kbb.com). Always review your coverage 30 to 45 days before renewal time to make sure your insurance requirements haven’t changed.
6. Drive Safely
A safe driving record free of moving violations and traffic accidents(usually three years however some carriers will look back five years) will keep car insurance rates low. Remember to obey the traffic laws even one speeding ticket can increase your car insurance rates up to 10% depending on your state.
7. Do not Claim your Car for Business
Some insurance carriers will add a "business use surcharge" or increase your car insurance rates as your annual mileage increases. But, if you must use your car for business, be sure to tell your company or agent, so that your daily business travel is covered.
8. Buy your Auto and Homeowners Coverage from the Same Carrier:
Most carriers will give you a discount if you buy two or more types of insurance. You may also save if you have more than one vehicle insured with the same insurer. However it still makes sense to compare auto and homeowners rates. You may save money buying from different insurance carriers, compared with a multi-policy discount.
9. Park your Car in a Garage
Cars parked in garages can reduce your insurance rates. These cars are less likely to be vandalized, stolen or damaged due to mother nature.
10. Other Discounts
More than 1 car
No Accidents in 3 Years
No Moving Violations in 3 Years
Driver Training Courses
Defensive Driving Courses
Anti-Theft Devices
Low Annual Mileage
Air Bags
Anti-Lock Brakes
Daytime Running Lights
Student Drivers with Good Grades
Auto and Homeowners Coverage with the Same Company
College Students away from Home
Long-Time Customer
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