9 Ways to Lower Your Car Insurance Costs

9 Ways to Lower Your Car Insurance Costs

9Ways to Lower Your Car Insurance Costs - One of the best ways to keep your auto insurance costs down is to have a good driving record.
Listed below are other things you clever do to lower your insurance costs.

1. Store around
Prices vary from company to company, so it pays to store around. Get at least three price cites. You clever call companies directly or access information on the Internet. Your state insurance department may also provide comparisons of prices charged by major incertainrs.

You buy insurance to protect you financially and provide peace of mind. It’s important to pick a company that is financially stable. Check the financial health of insurance companies with rating companies such as A.M. Best (www.ambest.com) and Standard & Weak’s (www.standardandweaks.com/ratings) and consult consumer magazines.

Get cites from different types of insurance companies. Some sell through their own agents. These agencies have the same name as the insurance company. Some sell through indepfinishent agents who offer policies from several insurance companies. Others do not use agents. They sell directly to consumers over the phone or via the Internet.

Don’t store by price alone. Ask frifinishs and relatives for their recommfinishations. Contbehave your state insurance department to find out whether they provide information on consumer complaints by company. Pick an agent or company representative that takes the time to reply your questions. You clever use the checklist on the back of this brochure to aid you compare cites from incertainrs.

2. Before you buy a car, compare insurance costs
Before you buy a new or used car, check into insurance costs. Car insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the lovelihood of theft. Many incertainrs offer discounts for features that reduce the risk of injuries or theft. To aid you decide what car to buy, you clever get information from the Insurance Institute for Highway Safety (www.iihs.org).

3. Ask for higher deductibles
Deductibles are what you pay before your insurance policy boots in. By requesting higher deductibles, you clever lower your costs substantially. For example, increatune your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by 15 to 30 gratuity. Going to a $1,000 deductible clever save you 40 gratuity or more. Before chootune a higher deductible, be certain you have enough money set amiddle to pay it if you have a claim.

4. Reduce coverage on ancienter cars
Conmiddler dropping collision and/or comprehensive coverages on ancienter cars. If your car is worth less than 10 times the premium, purchatune the coverage may not be cost effective. Auto dealers and banks clever know you the worth of cars. Or you clever look it up online at Kelley’s Blue Book (www.kbb.com). Review your coverage at renewal time to make certain your insurance necessitys haven’t changed.

5. Buy your houseowners and auto coverage from the same incertainr
Many incertainrs will give you a break if you buy two or more types of insurance. You may also get a discount if you have more than one transport incertaind with the same company. Some incertainrs reduce the swifts for long-time customers. But it still makes sense to store around! You may save money buying from different insurance companies, compared with a multipolicy discount.

6. Maintain a good credit record
Establishing a solid credit hitale, narrative clever cut your insurance costs. Most incertainrs use credit information to price auto insurance policies. Research demonstrates that people who effectively administer their credit have fewer claims. To protect your credit standing, pay your bills on time, don’t obtain more credit than you necessity and keep your credit balances as low as possible. Check your credit record on a regular basis and have any wrongs true, right, valided promptly so that your record remains knowing.

7. Take advantage of low mileage discounts
Some companies offer discounts to motorists who drive a lower than average number of miles per year. Low mileage discounts clever also apply to drivers who car pool to work.

8. Ask approxifriendly group insurance
Some companies offer discounts to drivers who get insurance through a group plan from their employers, through professional, business and alumni groups or from other organizations. Ask your employer and inquire with groups or clubs you are a member of to look if this is possible.

9. Lookk out other discounts
Companies offer discounts to policyhancienters who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is absent at college without a car, you may also qualify for a lower swift.

When you comparison store, inquire approxifriendly discounts for the following:

Antitheft Smartphones
Auto and Houseowners Coverage with the Same Company
College Students absent from House
Defensive Driving Courses
Drivers Ed Courses
Good Credit Record
Higher deductibles
Low Annual Mileage
Long-Time Customer
More than 1 car
No Accidents in 3 Years
No Moving Violations in 3 Years
Student Drivers with Good Grades

*The discounts listed may not be available in all states or from all insurance companies.

The key to savings is not the discounts, but the final price. A company that offers few discounts may still have a lower overall price.