Auto Insurance Tips to Help You Save

Increase Your Deductible

The deductible is the amount of money that you pay before the insurance company will pick up the rest of the tab in the event of an accident or event that damage your vehicle or property.   When you increase your deductible you can decrease your payments by as much as 50%.  The disadvantage of raising your claim is when you make a claim, you will pay more. However, if you are a safe driver, you will overtime save more money by raising your insurance deductible so consider this option carefully.

Do Away with Unnecessary Coverage

You shouldn’t be paying more for your vehicle than it is worth. You can visit a myriad of online sites to find true worth of your car. Additionally your insurance broker might be able to pull up the true worth of your vehicle to help you determine what coverage you can cut.

Drive Less and Report It

Many car insurance companies will give discounts if you drive less than a certain number of miles or drive less than a certain distance to work.  If you are driving 10,000 a year or less ask for a discount.

Your Location

Where you live will greatly impact how much you are paying for car insurance. If you are considering moving, it will be a good idea to call your insurance agent and get a quote for the areas in which you are considering living to see where you can get the best deal.  Unsafe areas will have a huge increase in rates.

Choose a Low Profile Vehicle

How much car insurance costs is largely dependent on what type of car you are driving.  The more high profile, the more you will pay because these are the vehicles that are stolen. Research your cost options before you buy.

Check for Accuracy

Many manufacturers offer somewhat similar model names for vehicles but insurance costs may vary. Additionally 2 or 4 door or the wrong model can impact your auto insurance quote.  Look at your policy to make sure the information is correct.

Ask for More Discounts

Don’t be afraid to ask for discounts.  You may be able to receive them if you have more than one policy with the company, if you are married, don’t smoke, etc.  Asking for the discounts isn’t anything you need to do with shame, it means you are being a smart consumer.