6 Ways to Save Money on Auto Insurance Quotes

Everywhere one goes; it seems people are talking about ways to save money. From couponing to bundling of services, many consumers are doing whatever they can to stretch their paycheck as far as possible. However, one easy way is by changing your Car Insurance provider.

You have likely heard much about this option. From radio to television, magazines and the Web, Insurance companies are vying for your business. One auto insurance provider may offer vanishing deductibles while another company promises to save you 15%, some Insurance companies even offer better rates when you bundle your insured items.

However, if you are planning on purchasing more or swapping Insurance providers, there are some great ways to save money on your auto insurance that you may not be aware of. Here are 6 ways to do just that:

Save Money on Car Insurance

-When you speak to a potential Insurance provider, be upfront about your driving history-especially, if it is one to be to brag about. For instance: What is your accident history? Do you have any points on your license? Are you a responsible driver? If you have a great record, let the Car Insurance company know, as this will save you money.

-What is your deductible? Lower deductibles equal higher auto insurance costs. By raising your deductible from $200 to $500, you can lower Car Insurance costs by as much as 30%; raising your deductible to $1,000 can save you 40% or more. However, do keep in mind, that if you set your auto deductible higher you need to set the money aside in the event that you need to get repair work done.

 



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-Do you have an older vehicle? If your car is worth less than 10 times the premium, save on your auto insurance by lowering or totally dropping the collision or comprehensive Insurance. Of course, you will want to have money in reserve for a new(er) vehicle if this is your only means of transportation.

-What type of safety features does your vehicle have? Auto Insurance companies typically offer lower rates on vehicles that have safety features like anti-theft devices, air bags and anti-lock brakes.

-Ask about available Insurance discounts. There is no shame in asking about auto insurance discounts when you contact the Insurance companies. Some of these discounts are being an AAA member, taking a defensive driving class or even “little” things like paperless billing or e-signatures that help Auto Insurance companies save on billing costs.

-Pay upfront. Many auto insurance providers offer lower rates if you pay quarterly, every 6 months or yearly.

Saving money on your auto insurance is a simple way to stretch your budget. With just a little bit of time invested in finding the best auto insurance company for your needs, you can soon have some breathing space in your monthly expenses. For more information on getting the most from your auto insurance, be sure to check out the other pages of our site-you’ll be glad you did!

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