Saving Money on Auto Insurance

SAVING MONEY ON CAR INSURANCE
The cost of auto insurance can make owning an automobile difficult. Below are some simple tips that will help you save on your car insurance policy.

— When in the market for a policy, shop around and get multiple quotes from different companies. Try and get a minimum of three quotes.
— Every year, you should compare your current auto insurance coverage and rates with those that are being offered by competing companies. It is very possible that you can find a plan that is less expensive, offering the same coverage.
— You can lower your auto insurance costs by taking a defensive driving course. Taking a defensive driving course will also allow you to take points received as a result of tickets off of your license. Everyone in the family that is on the auto insurance plan, including kids, should take a defensive driving course every year.
— Do you have a clean license? Meaning, do you have tickets? You will be entitled to discounts if you have a clean license or if you license is cleaner than it has been in the past. There is no harm in asking your carrier to go over your personal information to see if you rates can be reduced as a result of your good driving record.
– If your household has several cars, you should look to insure them all under the same policy. Insuring more than one car entitles to you discounts.
— If possible, try and utilize the same insurance carrier for your home and auto coverage. Doing so will allow you to receive discounted rates for both policies.
— Are you paying your premium monthly or annually? Discounts will likely be given to those that pay their premium in one lump payment as opposed to 12, 6 or any other increment.
— Any type of safety feature will result in discounts for auto insurance premiums. Anti-theft alarm systems, anti-lock breaks and air-bags are all examples of features that will result in lower rates.
— Every year, go over your auto insurance coverage and make sure that you are not overlapping your coverage. Meaning, if you already have health insurance coverage, dont buy personal injury protection auto coverage.
— Try and keep a positive credit rating. Today, almost every auto insurance carrier will run your credit when determining whether or not to underwrite your policy as well as what rates to assign you.
— How old is your car? If you have a car that is fifteen years or older, consider getting rid of your collision insurance coverage. A good idea for determining if collision insurance is worth the cost is to figure out how much your car is actually worth.
— If your child is a college student and does not live at home, take them off of your policy. Then can still drive the car, they just wont be listed as a primary driver.
— Try and be a smarter, safer, more conscious driver all of the time!

Jacob Joseph is a financial expert for http://www.starloanservices.com. At Star Loan Services you can get an instant, free quote for a bad credit auto loan.

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