Monday, January 21, 2013

10 Expert Tips and Techniques to Lower Your Car Insurance Premium

Are you tired of shelling out copious amounts of cash to pay for your auto insurance policy on a regular basis? If so, then it may be time to look into ways of lowering your premium. After all, it can be a lot easier than you might think.

1. Shop for car insurance rates once per year
This is something that a lot of policy holders fail to do because they assume their premium is already as low as possible. However, by taking the time to shop around for insurance at least once a year, you can find cheaper policies with other companies.

2. Use a quotes comparison website
This is a great way to save time while shopping for car insurance policies. By entering your information into one of these comparison websites just once, you can get instant quotes from various companies and compare them side by side.

3. Get rid of coverage you don't need
This may mean reducing your coverage to the state minimum, which can be a great way of saving money.

4. Take advantage of discounts
You might be surprised at how much you can save by simply being a student, paying your premium in full, or even having a great driving record.

5. Take a higher deductible
Of course, this will mean more out-of-pocket expenses for you in the event of a claim. However, a higher deductible can significantly reduce the overall cost of your insurance premium.

6. Drive a safe car
Instead of opting for a notoriously fast or dangerous vehicle, consider buying something modest. These are less expensive to insure because they are less prone to get into accidents.

7. Drive less, if possible
Depending on the number of miles you put on your car annually, you could end up paying more if you are a heavy driver. To cut down on mileage and costs of paying for insurance, consider carpooling or taking public transit.

8. Bundle your insurance policies
Most insurance companies offer hefty discounts for policy holders to bundle their auto insurance with another type of insurance, such as home, RV, boat, or motorcycle coverage.

9. Get rid of your roadside assistance

If you are paying extra for this, you can cut down on your insurance costs by getting rid of it.

10. Add an alarm system to your car
Vehicle anti-theft systems usually mean a significant discount on your insurance rates, as these vehicles are less prone to be stolen.

Author Bio
Jennie is a former insurance agent and blogger living in Sacramento California. She recommends visiting to get affordable car insurance quotes in minutes.

No comments: