| Most people complain about the cost of
| |
| | your policy if you maintain a clean
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| their auto insurance--hardly surprising,
| |
| | driving record for a specified period
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| given that a typical policy costs at
| |
| | (usually three years). A clean driving
|
| least several hundred dollars a year.
| |
| | record generally means no accidents,
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| Depending on your age, driving record,
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| | moving violations, drunk driving
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| and other factors, your annual premium
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| | convictions, etc., during that period.
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| can be significantly more than that. So
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| | The best way to qualify for the
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| how can you lower your premium and save
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| | applicable discount is to drive carefully
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| yourself money?If you own a car and drive
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| | and defensively at all times.7. Buy a
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| it, going without insurance is generally
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| | low-profile car.
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| not an option. In most states, you are
| |
| | Cars are rated on a risk scale for auto
|
| required by law to purchase a minimum
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| | insurance purposes. In general, sports
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| amount of liability coverage. And you
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| | cars and other high-performance, flashy
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| should probably have more than just the
| |
| | vehicles are classified as higher risks
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| bare minimum if you want to provide
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| | because they are common targets for
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| yourself with adequate protection. There
| |
| | thieves and vandals, and because
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| are steps you can take, however, to
| |
| | statistically, the people who own them
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| reduce your auto insurance costs without
| |
| | tend to drive more recklessly. If you own
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| having to cancel your policy. Some or all
| |
| | such a vehicle, you will likely pay a
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| of these steps may be appropriate for
| |
| | higher premium than if you owned a
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| you, depending on your circumstances.
| |
| | station wagon, sedan, or other low-risk
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| Specific ways to save money on auto
| |
| | vehicle.8. Move.
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| insurance: 1. Shop around.
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| | If you live in a rural community with
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| One of your first steps should be to
| |
| | little crime and traffic congestion, your
|
| shop around. A particularly good time to
| |
| | premium will generally be lower than if
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| investigate your alternatives is when
| |
| | you live in an urban area where your car
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| your current policy is about to be up for
| |
| | is more likely to be stolen, vandalized,
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| renewal, especially if you find that your
| |
| | or involved in an accident. Granted, you
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| premium has gone up. You may be surprised
| |
| | shouldn't move just to cut your auto
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| to learn that auto insurance premiums for
| |
| | insurance costs. However, this may be one
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| the exact same coverage on the same car
| |
| | of many factors in your decision if
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| can vary widely (by hundreds of dollars)
| |
| | you're thinking about relocating from the
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| between different insurers, even in
| |
| | country to the city.9. Keep your car in
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| states that regulate auto insurance
| |
| | a garage.
|
| rates.2. Increase your deductible.
| |
| | Cars parked in garages are less likely
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| For many people, raising the deductible
| |
| | to be stolen, vandalized, or struck by
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| on their is a good way to cut the cost of
| |
| | other vehicles. Using a garage to store
|
| the policy. Sometimes you can reduce your
| |
| | your car may entitle you to a slight
|
| annual premium by 10 percent or more if
| |
| | premium reduction.10. Have safety
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| you increase your deductible from, say,
| |
| | anti-theft devices installed.
|
| $250 to $500. If you do this, however,
| |
| | CYou may receive discounts on your
|
| make sure you have the financial
| |
| | insurance if your car is equipped with
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| resources to handle the larger deductible
| |
| | one or more of the following options:
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| when the time comes.3. Keep an eye on
| |
| | anti-lock brakes, automatic seat belts,
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| your credit report.
| |
| | and airbags. Similarly, anti-theft
|
| Your credit history is an important
| |
| | devices such as car alarms and tracking
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| factor for most auto insurance companies.
| |
| | systems (e.g., Lojack) may also get you a
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| Many studies have shown a correlation
| |
| | discount because they reduce the chances
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| between your credit history and the risk
| |
| | of your car being stolen or
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| to an insurance company. Paying your
| |
| | vandalized.11. Inquire about multifamily
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| bills on time and maintaining a good
| |
| | multipolicy discounts.
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| credit history will allow you to enjoy
| |
| | You may receive a discount from your
|
| lower auto insurance rates.4. Drive
| |
| | insurance company if you buy more than
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| less.
| |
| | one type of insurance through that same
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| If you drive less than a certain number
| |
| | company (e.g., auto and homeowner's). A
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| of miles in a year (e.g., 7,500), you may
| |
| | discount may also apply to your auto
|
| qualify for a low-mileage discount. If
| |
| | insurance if you insure multiple cars
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| your insurer offers this discount, try to
| |
| | under the same policy or with the same
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| limit your driving as much as possible.
| |
| | company.12. Other discounts
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| If you commute to work, use public
| |
| | Other discounts may be available if you
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| transportation instead of driving. When
| |
| | meet certain criteria. Examples may
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| you go away on vacation, fly or take the
| |
| | include discounts for taking a defensive
|
| train.5. Don't use your car for business
| |
| | driving course, being a AAA member or
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| purposes.
| |
| | staying with the same auto insurance
|
| Since work-related driving generally
| |
| | company for a number of years. These
|
| subjects you to higher premiums than
| |
| | discounts vary by company.Please note
|
| pleasure driving, it may be in your best
| |
| | that this description/explanation is
|
| interest to stop using your car for
| |
| | intended only as a guideline.For more
|
| business purposes.6. Drive more safely.
| |
| | information about auto insurance please
|
| You may be eligible for a price break on
| |
| | go to: Insurance.
|
