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Here are some tips for reducing your auto insurance

by Trevor Riggs - Posted 1 year ago


Here are some tips for reducing your auto insurance


Getting auto insurance is a necessity that we all have to pay. But the rates for it can vary significantly from one area to another. Make sure to avoid picking the first agent you talk to about insurance. Shop online from the comfort of your home. Get at least three quotes from different types of insurance companies. Every consumer should consider the importance of this.


When buying a used car, remember how much it will cost to insure it. There will be a difference in premium cost between models. Installing an anti-theft device or an alarm can help you save money on insurance. Raising your deductible from $200 to $500 could reduce your collision and comprehensive insurance costs by as much as 30%.

You can save 40 percent or more with a $1,000 deductible. You may only want to do this if you have that money in the bank. 


If an older car is worth, less than five times its annual premium, extra coverage may not be worth it.


When drivers complete defensive driving courses or accident prevention courses, insurance companies often offer them discounts. To know if you qualify for this discount, consult your agent/insurance company before enrolling in the class. Ask the company if they offer any other discounts. Some companies offer discounts to drivers who receive insurance from their employers or other professional groups. Some companies will provide the same values to you. Compare your car insurance quotes from various companies. There is no harm in shopping around!


Insurance companies use these factors to determine how much you will pay in premiums.


  • In the event of a poor credit score, your costs will be affected

  • How much does it cost to insure more than one car with your company?

  • When was your last accident?

  • During the previous three years, have you received a traffic ticket?

  • Have you taken a driver's training course?

  • Are there any anti-theft devices on your car?

  • How much mileage does your used car get in a year?  

  • Do you use a carpool?

  • Do you have anti-lock brakes on your vehicle?

  • Is your used car equipped with daytime running lights?

  • Are you a student driver with good grades?

  • Would I be eligible for a discount if you had auto, home, or renters insurance?

  • Are you a college student who lives away from home

  • What is the length of time you have been a customer


Lowering the cost of your car insurance premiums with all of these options available to you is possible. Although it can take some time, you will save plenty of money. Track the coverages offered and premiums quoted with each company you contact so you can compare them equally and stay on top of the best offers.


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