Top 10 Auto Insurance Savings Tips

Everyone wants to save money on their auto insurance. In many instances, making just one phone call to your insurance agent can mean hundreds of dollars saved. Some of the best ways to save are covered in the following ten tips.

1. Get multiple quotes. One of the easiest ways to shop for comparative auto insurance quotes is to use an online site like AutoInsuranceQuotes.com. A common mistake that many drivers make when shopping for auto insurance is not comparing equal coverage amounts. To find the best possible rates, make sure you are comparing quotes with the same amounts of coverage.

2. Choose the right deductible. When shopping for auto insurance quotes, your car insurance deductible will greatly affect how much your premium is every month. A low deductible means you will pay less out of pocket in the event of an accident, but more each month. A high deductible means you will have to pay more out of your pocket in the event of an accident but less on your monthly premium.

3. Drive a safe car. When shopping for a car, be sure to check important safety ratings and features. Many car insurance companies will reward you for driving a safer vehicle.

4. Be a good student. Many auto insurance companies will offer a Good Student discount to high school and college students. Keep up those grades and check with your car insurance company to see if this is offered in your state.

5. Qualify for discounts. Check with your auto insurance company to see what types of discounts they offer for different types of drivers. Some discounts include a No Claims discount, Senior Citizen discounts and a Safe Driver discount.

6. Be a safe driver. An accident-free driving record is one sure way to benefit from low auto insurance rates. While some accidents cannot be avoided, take extra precaution when you’re on the road to insure a good drivers discount. Not only can you avoid physical injury to you and your car, but your auto insurance rates may stay down.

7. Get the right coverage. Many drivers make two opposite but equally as important coverage mistakes. A driver who has too much coverage can pay too much for their auto insurance. A driver with not enough coverage may end up having to pay out-of-pocket for damages. Always talk with your insurance agent and be honest about your driving habits to get the best coverage possible.

8. Insure your home and car with same company. Drivers who take advantage of the home/auto discounts save up to 15% on their annual premium. A home/auto discount is available whenever you insure both your home and vehicles with the same insurance company.

9. Take Safe Driving Courses. Taking a safe driving course may help reduce your auto insurance premiums. Some auto insurance companies offer discounts for drivers who complete these types of courses. Check with your car insurance agent to see if they offer this type of discount.

10. Avoid Tickets. Having a ticket-free driving record will definitely help you save money on your insurance. Even one speeding ticket can raise your rates 50-60%. A serious infraction like a DWI can cause your rates to double or even triple.