How Do You Get the Most for Your Money? 10 Ways to Save Money on Your Car Insurance...
- One Insurer, Multiple Policies – Do you have a homeowners or renters insurance policy? If so, they should be with the same company that is providing your auto insurance. If not YOU ARE PAYING TOO MUCH - FOR BOTH POLICIES. Almost every insurance company that sells auto insurance wants its policyholders to insure their home or rental from them as well, so they provide you with discounts.
- Good Driver, Good Price? – It’s no secret that the better your driving record, the less you will pay for auto insurance. But did you know that most people qualify as “good drivers” and are eligible for discounted premiums? Some good drivers pay a lot more than others.
- The Beauty of the Bus (or Other Mass Transit) – Do you drive to and from work? If you do, you are literally paying a premium to do so. Insurance companies charge you significantly higher premiums if you drive to work. And, the longer your commute (in miles, not minutes), the higher the premium.
- Low Mileage, Low Price – On average, people drive 1,000 to 1,250 miles a month. That is what insurance companies consider average use.
- High-Profile, High-Cost – The type of car you drive is a major factor in what you pay for insurance. Is your vehicle a magnet for thieves? Is it more expensive to repair than most cars? If the answer to either of the last two questions is yes, you’re paying more than the average car owner for insurance.
- Raise Your Deductible – The deductible is the amount you pay before insurance kicks in if you have a claim. For example, if you have a $500 deductible and you have an accident in which your car sustains $1,000 in damage, you pay the first $500 and your insurer pays the balance, $500. The lower the deductible you choose, the more you pay.
- Drop Unnecessary Coverages – Let’s say you have an older car, one not worth very much. There’s really little point in having collision and comprehensive coverages. You don’t have much to protect. Remember, too, that you have to subtract your deductible from any potential payout you might get.
- Discounts, Discounts, Discounts – Auto insurance companies offer several discounts for a variety of reasons. The car has automatic seat beats, air bags, anti-lock brakes, anti-theft devices, etc. The driver is a good student, which is especially valuable if you have teenage children who will be on your policy.
- Taking the Defensive – Many insurance companies also offer discounts to those who have taken defensive driving courses recently.
- Low-Cost and High-Cost Areas – Are you planning to move? If you are, you should take into account the cost of insurance. Generally, the more urban the area, the higher the premium. The costs can vary even within a community.
For a more detailed Consumer Friendly Consumer Report on 10 Ways To Save On Your Automobile Insurance please click on Free Consumer Educational Reports link above or call 1-877-941-2266.