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How to Lower Your Auto Insurance Premiums

  • Step 1

    Shop around! This applies to those who do not have auto insurance on their vehicle yet as well as those who ar looking for better rates. If you do have insurance on your vehicle already you may want to talk to your present company before changing companies. Call as many auto insurance companies as you could and get lots of quotes to compare.

  • Step 2

    If you have not purchased a vehicle yet, think about what the costs will be to insure certain types of vehicles. The type of vehicle that you drive will have a huge impact on your insurance costs. Do a little investigation on your own to see how much certain vehicles cost to insure.

  • Step 3

    If you have an excellent driving record, let your insurance company know. They will probably do a check of your driving record on their own and you should be able to get a good driver discount.

  • Step 4

    Raise your deductibles and you could save plenty of money. This is probably the number one saver when it comes to saving on auto insurance premiums. The more you raise your deductible the lower your monthly premiums will be. You can actually save around 40% off of your monthly deductible if you were to raise it to $1000.

  • Step 5

    If you insure more than one vehicle with the company, ask about multi-car discounts. many auto insurance companies will give you the multi-car discount if you just ask them about it. Also, if you have any other insurance with the company such as home insurance you should still be able to get the discount.

  • Step 6

    Keep your credit report intact. More and more insurance companies are checking credit reports. Having a good credit report can save you on auto insurance costs.

  • Step 7

    If you are a young driver and are in school, ask about good student discounts. Better yet, take a driving school class and save even more.

  • Step 8

    If you carpool to work let your auto insurance company know about it. They will normally assume that you drive the average drivers mileage per year unless you let them know that you don’t. Driving less miles will save you money on your auto insurance.

  • Step 9

    If you drive an older car that does not have much value, consider dropping the collision and comprehensive coverages. If you were to file a claim it would not exceed the cost of the insurance and deductible amount.

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    This entry was posted on Wednesday, February 3rd, 2010 and is filed under Auto Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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