How do you lower the cost of Auto Insurance?

Answer 1

8 Ways to SAVE on Auto Insurance

1. Comparison Shop

Maintain a good driving record and/or buy a safer car, your premium will go down. Plus, with some companies now charging lower rates, increased competition means better auto insurance rates for you! Try this site where you can compare quotes from different companies

2. Make and Model of Vehicle

Auto insurance companies typically charge more for cars that are expensive to repair or don't perform well in accidents. So before you drive off the dealership lot, make sure your new car has been rated safe. Get a vehicle relatively cheap and easy to repair by your insurer. This will help minimize liability for both of you!

3. Inquire About Discounts

These cost savers can lower your Auto insurance premiums more than you might think. Combining two or more cars on one auto insurance policy, purchasing a car with multiple airbags or other safety equipment, installing anti-theft devices in your automobile, completing a driver's education course, insuring your home and vehicle with the same insurer, obtain a mature driver discount (for those between 50 and 65) and students getting good grades (for students under 25) will get you some savings as well.

4. Get the Highest Deductible you can afford

In the unfortunate event of an auto accident your deductible is the amount you pay out-of-pocket. After the deductible has been met your auto insurance company will cover 100%. The higher your deductible, the lower your premium, it's as simple as that. Just be sure you're able to absorb a larger portion of your loss.

5. Improve Your Driving Record

The more tickets and accidents you have, the more your auto insurance costs. So drive cautiously, improve your motor vehicle record, and inform your auto insurance company of the change. They'll reclassify you as a safer driver, and lower your auto insurance rates in the process!

6. Older Car? Drop or Lower Collision Coverage

Physical damage coverage reimburses you for damages to your own car. But if the vehicle you drive is several years old or worth less than $1,000 then dropping such unnecessary coverage can really save you money.

7. Your Auto Insurance Rates may fluctuate due to:

Adding or removing a driver from your auto insurance policy, replacing an older vehicle with a newer one, adding or removing a vehicle from your policy and increasing or decreasing the number of miles you drive annually.

8. Compare Reliable Auto Insurance Quotes