Auto insurance is one of the most expensive car insurance that you can get today. Many people cannot afford it, but there are ways to find cheaper auto insurance. Here are some things you can do to reduce your auto insurance costs.
Increase your deductible. This will lower your insurance premium. You will have to pay more money upfront, but if you are hit with an accident, you will have enough money set aside to cover the rest of the claim. A higher deductible means lower auto insurance premiums.
Combine your auto insurance with a home owner’s policy. Many times, when you combine your auto insurance along with a homeowner’s policy, you can save up to six percent on your insurance costs. For example, if you own a house and a car, you may save ten percent or more on each policy. The key is to be a good driver and avoid accidents.
Check with multiple insurance companies. You can save a lot of money if you go around and get quotes from as many insurance companies as possible. Each insurer has different underwriting policies. Therefore, you can save a lot by shopping around.
Look for discounts. One common way to save money on insurance is to get a discount for having safety devices installed in your car. Some insurers will even reward you for having a new alarm system or tracking system in your car. You can check with your insurer or local law enforcement to see what kind of discounts you may qualify for. Ask your agent if you can get a good car maintenance program in place, too.
Consider a defensive driving course. If you are a good student, you can save money on auto insurance. Many auto insurance companies give discounts to good students. If you take a driving class, let your agent know so that you can get a cheaper quote. You can also save on auto insurance by enrolling in a defensive driving or other driver education course.
Combine your auto insurance premiums with other types of insurance like homeowner’s insurance or life insurance. It is usually cheaper to add all of these policies to one policy because you will have them covered. You could save a lot of money if you bought your home on a loan and financed the rest of the purchase using the equity in your home. Then, you would be paying on the mortgage, not on insurance premiums.
If you drive an older car, you can still get great auto insurance deals. The car-insurance premiums for this kind of car are usually cheaper than for newer cars. Also, there are many sources of affordable auto insurance for people who own older cars.
You can also save on auto insurance by adding the same coverage multiple times to your auto insurance policy. Let your agent know if you are planning to buy an additional policy from them for the same coverage. If you already have homeowners or life insurance coverage, ask your agent about a multi-policy discount. Your agent may be able to provide you with an even greater discount if you have more than one type of coverage with them.
There are many factors that can affect your auto insurance rates. Most auto insurance companies keep records on their customers, especially on their driving records. If you have a spotty driving record, or even a traffic ticket, your rates can go up. If you want to save on auto insurance, it may be a good idea to go for a policy that has fewest policy limits or no policy limits at all.
If you are a woman, you may also be eligible for a percentage reduction in auto insurance premiums. The reason is because statistically, women have lower collision and comprehensive insurance rates than men do. This can help you save money on auto insurance if you belong to a special category of people. It is important to remember that the percentage reduction is dependent upon your insurer’s policy limit for that driver.
You can also save on auto insurance by shopping around for insurance quotes online. If you decide to go with the first quote you get, make sure you are comparing apples to apples. Some insurance companies may offer a lower quote to someone who has been married, while they will not offer the same rate to someone who is single. Also make sure you are comparing apples to apples, and not apples to seeds. The same company may offer two different auto insurance premiums for the same person, or they may offer a very low premium to someone who has a bad driving record.