How Can I Lower My Auto Insurance?

Comparison shopping has become the norm when it comes to finding the lowest possible rates on auto insurance. However, many vehicle owners choose a policy without investigating some of the cost-lowering tricks available to them. Here are a few tips that can help you secure the most protection for less money.

Report Your Actual Mileage
Most major insurance providers now offer incentives for those who drive less than the national average. Installing a monitor system that records mileage and driving habits can lead to substantial savings. Joining a car pool is an excellent way to reduce the amount you pay for liability and collision insurance.

Check The Safety Ratings
If you are in the market for a new vehicle purchase, it is well worth your time to look into the current crash test and safety ratings on the models you are considering. Installed safety features – especially driver alert systems, side-impact airbags, and traction control systems – can mean a huge discount for you.

Combine Your Policies
Be sure to look into the savings possibilities of combining your auto insurance with homeowner’s protection and life insurance. You can also get a substantial discount if you add your teenager to your policy rather than purchasing a separate one for the car they drive.

Increase Your Collision Deductible
If you consider yourself a safe driver and you have caused no accidents on your record, increase your deductible from $250 to $500 or more. This can result in as much as a 30 percent discount on your collision and comprehensive insurance premiums.

Complete A Defensive Driving Course
These are very inexpensive and can be completed online. If you have an accident record and your insurance premiums have suffered as a result, completing the course and obtaining a certificate can help. Most insurance companies do not readily advertise their practice of offering discounts for those who have taken and passed the course, but it is definitely worth looking into.

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