It is a good sign that you are here and reading this article on saving money. You should be sticking with the same policy year after year. You should learn a bit and see if you can get a better deal somewhere else. If you want to get the cheapest auto insurance, then you should keep the following points in mind.
Get Low Mileage Discounts. If your car travels less than 7500 miles, then you get can get reduced premium. So this year try taking as much public transportation that you possibly can. If you think that public transportation doesn’t work for you, then try carpooling or even working from home a couple of days a week.
The other discounts that are applicable are for those who have passed a defensive driving test.
If you have safety and security features such as alarms and airbags installed, then the car insurance premium will come down. But since a number of safety features are becoming common in all makes of cars, these discounts may not hold true for too long.
You may also get a discount if you insure your home and car with the same insurance company. You will be saving both on home and motor vehicle insurance this way.
Shop around for car insurance quotes. The terms and conditions may change from company to company. Other companies may offer you better rates making them cheaper. But unless you shop around, you will never know. You can get the car insurance quotes over the phone and the Internet. Shopping around may reduce the car insurance premiums for the following year.
Increase your deductibles. By increasing the deductibles for your car insurance policies, you can easily reduce the car insurance premium that you are likely to pay. You should increase the number of deductibles for the comprehensive policies and you would be covered for the catastrophes. Stop filing claims for small amounts, as it will lead to an increase in the car insurance premium for the following year.
Be a good driver. Remember that accidents can cost lives and your hard-earned money. Be a good driver on the road. If you have accidents or have traffic violations, your car insurance premium can increase quite steeply.
Also drop the collision coverage for the older cars, especially cars that are older than 7 years. In fact, if the collision coverage amount reaches 10% of the book value of the car, then you probably shouldn’t take the collision coverage.
Honor roll in college saves automobile insurance premiums. If your daughters and sons make it to the honor roll in college, then they can get discounts on their car insurance premium. Encourage your children to perform better in college and share the family car until they graduate. It’s a great way to save on the car insurance premium.
If your health insurance policy is quite comprehensive, then you can remove the medical reimbursement portions from your policy. This will save you money. Just make sure that your state isn’t a no-fault state. These states require you to buy personal injury protection.
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