Auto > Ways to save
There are a number of ways to lower your car
insurance. Here are some things to think
Check the minimum coverage necessary for
your state, and see what your state's
insurance department says are sample
rates. Their website can be found by
National Association of Insurance
Before settling on a policy, get quotes
from at least three major insurers.
deductible is the amount of money you
will have to pay before your insurance
company starts chipping in. The higher
your deductible, the lower premium you
will pay each month. An increase of $200
in your deductible could reduce your
premium by as much at 30%.
Select a premium you can afford, then
immediately put aside that money in a
and/or comprehensive coverage is
unnecessary on older cars.
your car is not worth very much (less
than $2,000), you may be paying more for
collision or comprehensive coverage than
you would collect on a claim. You can
get an estimate of how much your car is
worth by visiting the
Kelley Blue Book.
your car would be expensive to repair or
is considered at a high risk for theft,
you'll be paying more in insurance.
Highway Loss Data Institute web site
for information on average collision and
theft losses on different types of
advantage of low-mileage discounts.
If you put a small amount of miles on
your car each year, or can show you use
public transportation for the commute to
work each day, you may be eligible for
insurance discounts. You will have to
provide accurate mileage information
credit history is accurate.
Your credit history makes an impact on
your insurance rates, so make sure that
your credit report is accurate and up to
date to avoid paying more for insurance
Safety features could lower your
Your state may require that insurance
companies reduce your premiums if your
car has safety features like antilock
brakes or airbags. Many companies will
do this even if not required by state
insurance and corporate discounts.
You may be eligible for savings for
belonging to a trade or professional
association, or through your employment
Members of the American Automobile
Association can save by providing their
membership information when purchasing a
Check if there are any discounts
available for insuring multiple cars, or
perhaps your home, with the same
company. Having no accidents on record
for a period of time, or having taken
driver training courses could also be
grounds for a discount.
Also remember that good student
discounts exist for students.