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How to Reduce Auto Insurance Costs

Car Insurance Ask For Higher Deductibles.

Deductibles represent the amount of money you pay before you make a claim. By requesting higher deductibles on collision and comprehensive (fire and theft) coverage, you can lower your costs substantially. For example, increasing your deductible from $200 to $500 could reduce your collision cost by 15% to 30%. Always be sure to shop around for the auto insurance quote. They are out there it just takes time to look.

Car Insurance Drop Collision And/Or Comprehensive Coverage's On Older Cars.

It may not be cost-effective to have collision or comprehensive coverage's on cars worth less than $1000 because any claim you make would not substantially exceed annual cost and deductible amounts. Auto dealers and banks can tell you the worth of cars.

Car Insurance Eliminate Duplicate Medical Coverage's.

If you have adequate health insurance, you may be paying for duplicate medical coverage in your auto policy. In some states, eliminating this coverage could lower your personal injury protection (PIP) cost by up to 40%.

Car Insurance Buy A "Low Profile" Car.

Before you buy a new or used car, check into insurance costs. Cars that are expensive to repair, or that are favorite targets for thieves, have much higher insurance costs. Write to the Insurance Institute for Highway Safety, 1005 North Glebe Road, Arlington, VA 22201 and ask for the Highway Loss Data Chart.

Car Insurance Consider Area Insurance Cost If You Are Making A Move.

Costs tend to be lowest in rural communities and highest in center cities where there is more traffic congestion.

Car Insurance Take Advantage Of Low Mileage Discounts.

Some companies offer discounts to motorists who drive fewer than a predetermined number of miles a year.

Car Insurance Find Out About Automatic Seat Belt Or Air Bag Discounts.

You may be able to take advantage of discounts on some coverage's if you have automatic seat belts and/or air bags.

Car Insurance Inquire About Other Discounts.

Some insurers offer discounts for more than one car, no accidents in three years, drivers over 50 years of age, driver training courses, anti-theft devices, anti-lock brakes and good grades for students. See the following page for a guide to these and other discounts.

Cost Reduction Tips

over 50% of people with garages never put their vehicles in them? So if you live in a high risk or busy area, consider all the possibilities of leaving your vehicle in a garage overnight or at the very least increase the level of security on your vehicle.

If you drive your vehicle or use your vehicle to work, on template the alternatives of public transport or using a company vehicle for work purposes. A garaged vehicle during the day reduces your premium.

If your vehicle is garaged, regardless of where you live, your premiums can be significantly reduced.

When purchasing a vehicle, it is worthwhile assessing the cost of replacement parts and maintenance, as this will affect the cost of premiums.

Tips & Warnings

Avoid getting tickets you'll be eligible for the best possible insurance rate. Stay with a company that gives fair, friendly and economical service.

Never lie about your driving record to reduce rates. Misrepresentation can invalidate a contract, and your insurance company can refuse to pay a loss.

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