Archive → May, 2009
Seven Ways To Lower Your Auto Insurance Costs
With the high cost of paying for a car, oil changes, fuel, tires, and various other methods of car maintenance, it can be easy to become overwhelmed with the added cost of auto insurance. Are you wondering how to save money on auto insurance? By shopping around to see which companies offer what discounts, you will discover many ways to bring down the cost of auto insurance. Here are a few:
1. Higher deductibles. Higher deductibles mean you will be lowering your coverage for collision costs, so make sure you have enough money set aside to cover damages if an accident should take place, but the money you save on your policy can be considerable.
2. Have a good driving record. Many insurance companies will offer much better rates for drivers with no accidents or traffic tickets on their record. As the number of these infractions goes up, so does the insurance premium.
3. Buy your insurance online. Some companies, such as Progressive, offer discounts for buying an insurance policy online. With step-by-step guides that lead you through the process of building your policy, this can be a convenient way to save money on your auto insurance. While you’re signing up on line, make sure to enroll in paperless e-statements, which can also get you a discount that will keep your wallet a little fatter.
4. Reduce coverage on older cars. You may not need full coverage on older cars, which can translate into savings for you. Of course, it’s a good idea to keep a little extra money set aside for any emergencies if you decide to take this route.
5. Stay with the same insurance company as long as you can. Many insurance companies are starting to offer discounts for customers who continually renew their policies.
6. Insure all household automobiles with the same company. It is common practice for insurance companies to offer savings to those who have multiple accounts with their company. This is a great way for families to save money on their policies.
7. Take a safe driving course. Sometimes called a defensive driving course, these classes are offered for usually small fee. They go over basic road rules and work to correct common mistakes made by drivers. If you take one of these courses be sure to get a certificate stating you passed in order to get a discount from your insurance company.