Tech & Biz

Top Ten Ways To Save Money On Your Car Insurance

by xiyad | January 4, 2009 at 05:55 pm

572 views | 9 Recommendations | 6 comments

Top Ten Ways To Save Money On Your Car Insurance:

Your car insurance rates are affected by a lot of factors, yet there are some things you can do to save money. Check out this Top Ten list of ways to cut your auto insurance costs.

What you pay for auto insurance depends upon your age, your driving record, the type of car you drive, where you live and more. With that in mind, you can control a lot of the costs.

1) Shop around. This is one of the easiest ways to save because rates do vary from one company to the next. It is recommended to get at least three quotes from different agencies or companies in order to see some savings. An insurance comparison Web site is one good place to get some different quotes from the convenience of your computer.

2) Keep a good credit score. Credit ratings are used by a lot of insurance companies as one component for assessing risk. A good credit score is associated with a good underwriting risk and thus you may pay a lower rate.

3) Increase your deductibles. The lower your deductible, the higher your premium. You could save quite a bit by increasing your deductibles.

4) Review your coverages. Make sure you’re not paying for more coverage than you need. For example, you may want to get rid of comprehensive coverage on an older vehicle.

5) Drive less. Car insurance companies consider your risk to increase the more you drive, and will often give you a discount for low annual mileage. If you can take advantage of public transportation it could save you on insurance and gas costs.

6) Insure your vehicles with the same company that insures your home. Most companies offer a multi-policy discount which may also apply if you don’t own a home but have renter’s insurance.

7) Consider insurance costs when you are car shopping. Some vehicles are considered less safe or more apt to be stolen than others, and insurance companies will increase rates for riskier vehicles. Repair costs also can affect how much your insurance is.

8) Take a defensive driving course. Many insurers will discount your premium for approved courses.

9) Maintain a good driving record. Accidents, speeding tickets and other moving violations can make your car insurance costs go through the roof. Too many violations and you may have trouble finding a company that will insure you.

10) Ask about all other discounts available, and take advantage of them

[ Via Xiyad.Com ]

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jordan

flagged this story as Needs Improvement

at 07:07 on January 5th, 2009

What is the original source of this article? It appears all over the web, days and weeks before appearing on your blog.

recommend This comment thread is now closed

harringtola

at 18:17 on January 4th, 2009

I believe another is to add/install some kind of inexpensive security device such as an alarm of kill switch or steering device lock.

Edmund Jenks

at 06:29 on January 5th, 2009

A timely topic for the new year.

Please TAG with - motorsports - for all postings that concern automobile culture and motorsports.

Thank you for your contribution.

Rearviewed (not verified)

at 15:29 on January 9th, 2009

Hmm.. Insuring vehicles with the same company that insures your house might be a great idea but if the company gets dumped.. well, goodbye car, goodbye home.

auto insurance expert (not verified)

at 01:51 on June 7th, 2009

It think, driving less is not a good suggestion.It should be drive much more carefully to save money on auto insurance.

Saving on Car Insurance Australia (not verified)

at 22:11 on June 25th, 2009

Hello, this is one of the most comprehensive blog regarding 'Top Ten Ways To Save Money On Your Car Insurance'.

I think searching for the best quote online not only saves time and money, it also gives you several options to choose from.

Thanks

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hellenn

at 12:44 on August 10th, 2009

Thanks for all the tips, I don't think I can comply with all of them, I already have an auto insurance and a questionable credit score. Still I am considering a Chicago auto insurance, let's just hope things will go better with them specially now that know that I know what to do.