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Step 1
Shop around for the cheapest auto insurance rates. Even if you feel that you have the best and cheapest insurance out there, continue to shop around. You never know what is around the corner. When looking for a new auto insurance company, try to get AT LEAST 3 quotes to make a fair comparison.
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Step 2
Get all of the available discounts. You can typically save 10% to 20% if you insure both your home and your car with the same company. Students with a GPA of 3.0 or higher might be eligible for discounts up to 25%. Make sure to notify your insurance company whenever you retire. They interpret this information as you driving less; thus, lowering your rates. Stick with the same company for more than a year and you could earn a discount of up to 10%.
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Step 3
Increase your deductible. The deductible is the amount you pay out of of hand before your insurance company picks up the tab. Increasing your deductible from $200 to $500 could reduce your premium anywhere from 15% - 25%.
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Step 4
If your car is older, you might consider dropping some coverage. Typically, you would want to drop collision and comprehensive. These two coverages can account for up to 40% of your premium and help get cheaper auto insurance.
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Step 5
Clean up your credit report. A bad credit report can sometimes increase your premium by up to 40%! Make sure that your credit report is clear of any errors. Check out my article on how to remove late payments from your credit report:
http://www.ehow.com/how_5060446_late-payments-removed-credit-report.html
