Ways To Save Money On Car Insurance Premiums

Ways To Save Money On Car Insurance Premiums

When you compare auto insurance quotes, it is easy to find the best rates if you remember to always compare the same coverages and the same car with each auto insurance company. Comparing insurance quotes can be done either online or in person with a local agent or independent broker.

There are many ways that you can save on your auto insurance and the following list is only a small part of the places you can find savings. Additional savings can be found in discounts that you may receive for things such as your age or any groups of which you might belong.

Vehicle

The vehicle make and model that you drive makes all the difference as to whether or not you have a cheap car insurance premium.

Vehicles that are reliable and have a good resale value are cheaper to insure than those vehicles that are considered high risk. High-risk vehicles include cars that are sportier or are more inclined to be owned by a younger, less experienced driver. Vehicles that are the target of theft are also more expensive to insure.

If you are shopping for a new car, read reports from any car magazine that will tell you the reliability and rate of theft for most vehicles.

Location

Where you park your car makes a big difference in how much it costs to insure it.

Those people who must park on the street will pay a higher premium than if they could keep their vehicles in a garage. If you find yourself with on-street parking your insurance rates will reflect the risk that your vehicle will be damaged or vandalized while parked overnight.

If you have been paying higher rates because of on-street parking and suddenly have the ability to park in a covered or enclosed garage, let your insurance company know and you may be able to lower those rates to reflect the lowered risk.

Mileage

If you are driving many miles to and from work each day, your car insurance company will assess you higher rates due to the time you are spending on the roads. Every minute on the road raises the risks of being involved in an accident.

Compare auto insurance quotes

You do not have to settle for the first quote that you receive, if you do not like the quote, do more auto insurance comparison quotes. Comparing insurance is the only way that you are going to know if you are getting the best rates available.

  • Bundle

Add your homeowners and car insurance policies together to get a homeowner’s discount on your car insurance. Many companies that carry both types of policies will offer discounts for adding additional policies into one.

This may be a large savings for you.

  • Credit

Right or wrong, but if you have a low credit score, your car insurance company considers you a high risk.

With all the financial woes, bankruptcies, foreclosures and even identity theft, it is of the utmost importance that you monitor your credit report and immediately begin correction procedures should you find an error. Your credit report is available free once a year from any of the major credit reporting agencies.

  • Discounts

Ask for additional discounts when compare auto insurance quotes. Agents or companies have other discounts that you need to ask for when you do your auto insurance comparison.

Comparing auto insurance quotes is easy and fast. Just pick up the phone and call a local agent or enter your zip code online and your car insurance quotes will be on their way to you.