Here are 15 Ways To Lower Auto Insurance Costs:
1. Shop around. Experts recommend that you review your auto insurance coverage annually. Getting auto insurance quotes is free, easy, and a great way to make certain you are getting the best deal for your dollar.
2. Before you buy a car, compare insurance costs. The make, model, safety features, and year of your vehicle are factored into your auto insurance rate.
3. Install a car alarm. Many times you can receive an auto insurance discount for this.
4. Pay in full. If you pay in full instead of financing the premiums, sometimes you can save on service fees.
5. Keep your driving record clean. This is one of the most important factors in receiving low cost auto insurance.
6. Never let your insurance policy lapse. Insurance companies will often charge extra for those who do this.
7. Increase your deductibles. The higher your deductible, the lower the price for that coverage. However, make sure that you can afford to pay your deductible before raising it.
8. Buy only the auto insurance coverage you need. Make sure you meet the minimum required by the state you live in (if applicable), but also make sure you are not over insured (i.e. such as carry too much liability coverage for what you really need).
9. Don’t insure vehicles you don’t drive. However, only drop a vehicle from your policy if you’re sure you’re not going to be driving it for a long time.
10. Buy a longer auto insurance policy. This can help you avoid any price penalty attached to shorter policies (3 to 6 month policies).
11. Avoid tickets. Speeding tickets and other violations will most certainly raise your auto insurance rates.
12. Build good credit. Many auto insurance companies charge more for bad credit or give you a discount for good credit.
13. Make your kids get their own auto insurance. Young, newly licensed drivers are the most likely to get into car accidents, so having a newly licensed driver on a policy will increase the rate. Auto insurance rates usually go down a little after the driver turns 18.
14. Drive less. Some insurance companies offer a discount if your annual mileage is less than 7,500 miles per year.
15. Ask about auto insurance discounts. Taking a defensive driving course, buying your homeowners and auto coverage from the same insurer, being an alumnus of a college or university, being a member of a professional organization, being a student with good grades, and being a long time customer of a particular insurance company are all things that you may receive a discount for.