How to Save on Auto Insurance

Looking for ways to save money each month? An easy one might be your insurance rate. This article will provide with a few tips that help put your hard earned money back into your savings.

Difficulty: Easy

Instructions

Things You'll Need:

• Telephone
• Computer
• Internet Connection
• Pen and paper

1. 1. Shop Around - You never want to select the first company you contact. Do your homework understand what the insurance requirements are for your state and if your leasing a car or buying through a lender they also require certain condition to be to protect their investment. An insurance agent can assist you with this, however keep in mind your insurance agent is paid commission.
   Contact at least five insurance companies and get quotes. When contacting them remember you want to compare apples to apples, make sure the insurance agents are quoting you the same coverage and deductibles.
   You can also receive quotes online, the Internet as come along way you can also get insurance quotes online with Progressive or E Insurance

2. 2. Discounts - When contacting insurance companies make sure you ask about discounts, nine times out of ten they will not just voluntarily give you the information, you need to ask for it. They often offer discounts if you insure all your vehicles with them or purchase home or life insurance. You may also qualify for being married, full time student, taking a defensive driving course are just to name a few.

3. 3. Raise Your Deductible - Try raising your insurance deductible from $500 to $1,000. The higher the deductible the cheaper the premium, however make sure you can afford to pay the amount of the deductible if an unforeseen accident occurs

4. 4. Check Your Credit - Many companies check your credit and base your policy on the information they find. Make sure your credit is in good standing, if it is not in good shape, avoid contacting companies that check your credit, you don't want to put any more dings on your credit report.

5. 5. Pay Annually. If you can afford to pay your premium in semi or annual installments this is the way to go, as insurance companies charge you more money when you make monthly installments.

6. I hope this article was useful. Please take the time to rate and comment. I appreciate your feedback.

Tips & Warnings

• Shop around and compare apples to apples
• Increase Your deductible
• Let them know your married and your age can help with discounts
• Take a defense driving course
• Combine your auto, life, and home insurance with the same company
• Keep a clean driving record
• Always check with your agent before dropping and making changes to your policy.

Resources

• Online Insurance Company

[Kilogramm]

on 12/5/2008 Great and well detailed write up, 10 star write up for all this info!

[tikrit01]

on 12/4/2008 Also check out: http://www.ehow.com/how_4605442_lower-insurance-premiums.html

[tikrit01]

on 11/24/2008 Very informative! thank you 5 stars!