Five tips for saving on your auto insurance

There are hundreds of insurance companies out there and they all charge dramatically different auto insurance rates for the same level of protection.  In fact, auto insurance quotes can vary by more than $1,000!

What’s hard to find is someone willing to tell you why.  Don’t worry; I’ll give you the facts and information you need to save hundreds of dollars a year on your next auto insurance quote.  Right here.  Right now.  Without any strings attached.

1. Raise your deductible

A deductible is the portion of a claim that you have to pay out of your own pocket. And if you can set aside enough money to cover a higher deductible it’s the first thing you should do.  Increasing your deductible from $200 to $500 could save you as much as 30 percent on your collision and comprehensive coverage.  Raising it to  $1,000 could save you more than 50 percent.

2. Get the discounts you deserve

Most companies will discount your rate if you have more than one car on your policy or if your car has safety features like air bags, automatic seatbelts and anti-lock brakes.  Some companies even have discounts for young drivers who earn good grades or complete driver education courses.  But companies like to give discounts for seemingly random things that you may not think about — like driving a hybrid car or being an accountant.  So to see if you’re getting credit where credit is do, it’s a good idea to find out all the discounts available to you.

3. Watch your credit

Research has shown that drivers with good credit or a high credit score number tend to be more responsible and less likely to file a claim.  That same research reveals that having poor credit or a low credit score increases your chances of taking risks and filing a claim.  For these reasons, most insurers use a customer’s credit history or credit score when determining their premium.

4. Don’t overprotect your car

It doesn’t matter how much coverage you have, your insurance company will not pay more in repairs than your car is worth.  So if you’re driving around in an old car that’s only worth a few thousand dollars, drop your collision coverage.  When you factor in your deductible, you may only be getting a few hundred dollars back if you file a claim.

5. Shop around

Just because your insurance company gave you the best rate a few years ago doesn’t mean they’re giving you the best rate now.  To be sure you’re getting the price and quality you deserve, you should secure at least three quotes from three different companies every three years or if you experience any of these factors:

  • Your premium goes up
  • You buy a new car
  • You have a change of address
  • Your marital status changes
  • You change jobs
  • You add a new driver to your policy
  • Your salary or assets increase.

Shopping around and comparing rates is the only way to be sure you’re getting the best auto insurance rate.

1,261 Responses to Five tips for saving on your auto insurance
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Five tips for saving on your auto insurance

There are hundreds of insurance companies out there and they all charge dramatically different auto insurance rates for the same level of protection.  In fact, auto insurance quotes can vary by more than $1,000!

What’s hard to find is someone willing to tell you why.  Don’t worry; I’ll give you the facts and information you need to save hundreds of dollars a year on your next auto insurance quote.  Right here.  Right now.  Without any strings attached.

1. Raise your deductible

A deductible is the portion of a claim that you have to pay out of your own pocket. And if you can set aside enough money to cover a higher deductible it’s the first thing you should do.  Increasing your deductible from $200 to $500 could save you as much as 30 percent on your collision and comprehensive coverage.  Raising it to  $1,000 could save you more than 50 percent.

2. Get the discounts you deserve

Most companies will discount your rate if you have more than one car on your policy or if your car has safety features like air bags, automatic seatbelts and anti-lock brakes.  Some companies even have discounts for young drivers who earn good grades or complete driver education courses.  But companies like to give discounts for seemingly random things that you may not think about — like driving a hybrid car or being an accountant.  So to see if you’re getting credit where credit is do, it’s a good idea to find out all the discounts available to you.

3. Watch your credit

Research has shown that drivers with good credit or a high credit score number tend to be more responsible and less likely to file a claim.  That same research reveals that having poor credit or a low credit score increases your chances of taking risks and filing a claim.  For these reasons, most insurers use a customer’s credit history or credit score when determining their premium.

4. Don’t overprotect your car

It doesn’t matter how much coverage you have, your insurance company will not pay more in repairs than your car is worth.  So if you’re driving around in an old car that’s only worth a few thousand dollars, drop your collision coverage.  When you factor in your deductible, you may only be getting a few hundred dollars back if you file a claim.

5. Shop around

Just because your insurance company gave you the best rate a few years ago doesn’t mean they’re giving you the best rate now.  To be sure you’re getting the price and quality you deserve, you should secure at least three quotes from three different companies every three years or if you experience any of these factors:

  • Your premium goes up
  • You buy a new car
  • You have a change of address
  • Your marital status changes
  • You change jobs
  • You add a new driver to your policy
  • Your salary or assets increase.

Shopping around and comparing rates is the only way to be sure you’re getting the best auto insurance rate.

1,261 Responses to Five tips for saving on your auto insurance
  1. dog adoption
    July 17, 2018 | 11:47 pm

    Great work! That is the kind of information that are meant to be shared around the net. Shame on Google for no longer positioning this publish upper! Come on over and discuss with my web site . Thank you =)

  2. cat training
    July 17, 2018 | 11:51 pm

    Well I definitely enjoyed studying it. This tip procured by you is very constructive for proper planning.

  3. Kennith Mith
    July 18, 2018 | 7:31 am

    I am sure this articlepostpiece of writingparagraph has touched all the internet userspeopleviewersvisitors, its really really nicepleasantgoodfastidious articlepostpiece of writingparagraph on building up new blogweblogwebpagewebsiteweb site.

  4. visit website
    July 18, 2018 | 7:48 am

    Just Browsing While I was surfing today I saw a great post about

  5. EZ Battery Reconditioning Review
    July 18, 2018 | 10:22 am

    It as actually a great and useful piece of info. I am happy that you just shared this helpful tidbit with us. Please stay us up to date like this. Thank you for sharing.

  6. click here
    July 18, 2018 | 12:59 pm

    It as hard to come by educated people about this topic, but you seem like you know what you are talking about! Thanks

  7. here are some links to web sites that we link to since we consider they are worth visiting

  8. adam and eve rechargable bunny
    July 18, 2018 | 7:39 pm

    that is the finish of this article. Here you will find some sites that we believe youll value, just click the hyperlinks over

  9. home inspector
    July 18, 2018 | 7:41 pm

    Thanks for sharing, this is a fantastic blog post. Keep writing.

  10. Genevie Ganus
    July 18, 2018 | 9:31 pm

    I was wonderingcurious if you ever consideredthought of changing the layoutpage layoutstructure of your blogsitewebsite? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one1 or two2 imagespictures. Maybe you could space it out better?

  11. clickbank
    July 19, 2018 | 12:03 am

    This awesome blog is without a doubt entertaining as well as informative. I have chosen helluva interesting stuff out of this amazing blog. I ad love to visit it again and again. Thanks!

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/five-tips-for-saving-on-your-auto-insurance/trackback/