How to Save Money on Your Car Insurance

Shopping for auto insurance can be a daunting thing. However, if you own a vehicle, it is a must. You will not regret having it when you get into an accident, and do not think that it will never happen to you.
Having insurance is important. When you are in the market for a new policy or renewal, you should follow the following tips to make your time a little easier. There are many other things that you can do, but these are a great start.

Compare Costs

o While shopping around, you are going to want to compare the prices between different companies to see what is best for you. Car insurance rates vary widely, even if the policies cover the same things. Getting several quotes from various companies will help you to see which direction you should go.
o Even if an insurer offers discounts, it does not mean that the overall price will be better than others.

Same Company

o If you do not have your home and auto insurance with the same company, you should seriously consider choosing one Company and switching over.

Good Credit

o Having good credit will allow the insurance company to decide what to charge you. To ensure that your credit is in good standing, pay all of your credit card and loan payments on time, keep balances below their limits, and only open new accounts when it is necessary.

Discounts

o Every company has their own ways of helping customers to save money. These discounts will help you to get the best deal, so make sure that you are getting all of the ones that you are entitled to.
o Here are some things that you can do to increase your discounts:
 Insure more than one car for multiple vehicle discounts
 If you are 55 or older, get a mature driver’s discount
 Keep your driving record clean
 Enroll your teenage driver in driver’s education classes
 Bundle policies such as home, car, and life all-in-one
 Safety features discounts
 There might be low mileage discounts if you do not drive too often

Good Habits

o Having good driving habits will ensure that you are safe and your insurance company will reward you for being a good driver.
o Accidents and tickets will increase your premiums, so take any opportunity to avoid getting points on your license. Sometimes traffic schools can help to keep your points at a minimum.

Deductible

o By increasing your deductible, you can save money on the amount that your insurance company does not cover when you are paying for any repairs. For example, if your bill for repair is $2,000, and your deductible is $500, you will only have to pay $500 out of pocket, and the insurance company will take care of the rest.
o Raising your deductible from $500 to $1000 can save on average about $200 a year. Make sure that you still compare quotes with different deductible levels before making a decision.

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