Saving Money with Auto Insurance
With the costs of fuel (and everything else) rising out of control, many families are seeking ways to lower their household expenses. Most people think about eating out less, carpooling, or skipping this year's family vacation, but they may not realize how much money they can save on their auto insurance, with just a little homework and negotiation.
Shop Around
As with any insurance product, getting the lowest rate requires comparing prices among several different companies. Even if you have been with your current provider for several years, you should periodically review your coverage and cost to see if you are still getting the best rate possible and if it still meets your needs. Once a year, fill out the quote box above here at AutoInsure.org to compare up to 8 quotes, free of charge. You may find you can get a cheaper rate, without compromising the quality of coverage, by switching to a new carrier.
Discounts
Insurance companies offer several types of discounts you don’t even know about! You may not think to ask, or your carrier is just not telling you about your ability to shave some of the cost from your premiums. Most people already know about the discounts you can receive by simply attending a driver’s education class, having a clean driving record, or (for students) maintaining good grades. Other, lesser-known, discounts are offered to those with memberships to auto clubs, to those with a “low-risk profession,” and to those who purchase multiple lines of insurance from the same carrier.Higher Deductibles
Being completely reimbursed for any loss or damage to your car may sound attractive, but it also raises your rates. If you ask for a higher deductible, such as $1,000 compared to the more common $500, you'll pay for more of the minor problems, such as dents and dings, but you could save as much as 30 percent on your rates.
