1> Increase your deductible
The deductible is the amount you pay out of pocket before making an insurance claim. The downside of raising your claim is that when you make a claim, you will pay more. However, if you are a safe driver, you will save more money by increasing your insurance deductible. View your previous insurance claim history and make a discreet decision for yourself.
2> Older Auto - Removed full/collision coverage.
If your car isn't worth much, why pay for comprehensive collision and risk insurance. You can visit a myriad of sites online to find your car's true value. Also, your insurance broker may be able to determine the true value of your vehicle.
3> Take advantage of low mileage
Some auto insurance companies will give discounts if you drive less than a certain number of miles or if you drive less than a certain distance to work.
4> Moving - Consider insurance costs.
If you are planning to move, it will be a good idea to call your insurance agent and get their opinion on insurance costs in the new city or state.
5>Low profile vehicle
Your vehicle will also determine your overall insurance costs. Some cars are preferred by thieves because they sell for a good price. Some cars are more expensive to repair. It makes a lot of sense to do enough research before making your automobile purchase.
6> Make sure your vehicle is properly listed by your insurance agent.
Many manufacturers offer somewhat similar model names for vehicles, but insurance costs may vary. Also, 2 or 4 doors or the wrong model can impact your auto insurance quote.
7> Ask your insurance broker to check discounts from other insurance companies.
Many companies will offer discounts if you and your spouse are insured with the same insurance company. Also, if you purchase home insurance, life insurance, or auto insurance from the same insurance company, you will receive discounts. Check with your insurance agent about saving money.
