If you’re paying a lot for your auto insurance, you may want to shop around and compare prices to see if you can get a better deal before you buy. You may also be eligible for discounts on your auto insurance policy. There are a number of ways you can save on your car insurance.
Auto Insurance Discounts
You may be eligible for auto insurance discounts. The most common discounts for car insurance include association or car club memberships, having multiple policies with the same insurance company, senior citizen discounts, safety and security equipment (like airbags, car alarms and seat belts), a clean driving record or completing a defensive driver course. Students under 25 can also receive discounts if they have very good to excellent grades. New cars may also be eligible for a better rate on car insurance premiums. All of these auto insurance discounts vary by insurance company. There may be more or less discounts available depending upon where you live and who insures your vehicle.
Increase Your Deductibles to Save Money on Auto Insurance
If you increase your deductibles you can also save money on your auto insurance policy. Insurance agents and insurance comparison websites will encourage you to select standard options for deductibles, but you have the freedom to choose the coverages you want to save money on your auto insurance. You can increase your comprehensive and collision deductibles and shave money off of your auto insurance premiums. You can also eliminate comprehensive and collision coverages altogether and just get a “liability only” auto insurance policy to save money. Before you increase your deductibles or drop comp and collision, make sure you can afford to pay for an accident out of pocket.
Compare Auto Insurance Policy Costs Before You Buy
Shop online to compare auto insurance policy prices before you buy a policy. You can use comparison websites to find insurance at the best rates. Before you sign up for the least expensive policy, make sure you’ve selected an insurance company that provides excellent customer service and superior claims service. You can research consumer reviews of insurance companies online in forums, blogs and websites. It’s always a good idea to talk to friends and family members before you buy auto insurance. Find out who they use for their car insurance and if they like the company.