7 Easy Ways To Slash Your Auto Insurance Costs

Here’s 7 easy ways to get the best car insurance deal.
Multiple Quotes
Get several quotes – use the internet and call some brokers. Very easy to put together some good comparison quotes.
Remember to get different kinds of quotes such as one of the direct-sell insurance company; other than the store offline broker quotes database; and some from the internet.
Cheapest might not mean best. Are they going to pay if you make a claim? How financially secure? How reputation? Check around with family and friends, and look for online reviews.
Various types of cars
Insurance costs vary depending on the type of car. Obviously, that $ 100k sports model costs more to make sure Runabout than average. If you plan to buy a new car, check insurance costs before you buy. I’ve set my heart a beautiful, high performance, highly tuned Pontiac.
Luckily I checked the car insurance before I buy it, because I cannot get insurance. Every broker, every insurance company flat turned me down because I live in a high car-crime area. So I had to forget my dream car until I moved to the city.
Age and Value of Car
Maybe you buy a used car? Your car may see better days a few years ago, and now values much lower? So why pay for expensive auto insurance? In particular, if you still need a fully comprehensive coverage?
Both Rule multiplies insurance premium by 10, and compare that number with the value of your car. So, if you’re quoting $ 1000 premium and your car is worth less than $ 10,000 you might want to think if comprehensive represents good value. If you drop collision and / or comprehensive coverage, you must get a big savings.
Higher deductibles (excess cost)
Most auto insurance companies use deductibles to policy costs down. Deductible, or excess charges, show what you pay before your auto insurance policy kicks in. Try asking for quotes with different levels of deductibles, and see how the quotes vary.
Most internet quote forms contain a box where you can specify preferred level of deductibles. Ask your broker his recommended level. For example, going from $ 250 to $ 500 deductible can cut your insurance costs by 20% or more. Go to $ 1000 and you save lots of money. But you have to pay the deductible if you need to make a claim!
Multiple Insurance
I think this would come under ‘Get Multiple Quotes’ heading, but still worth mentioning separately. You usually get an insurance break if you buy a policy with the same insurance company.
This may mean that some vehicles, or homeowner and car insurance. Either way it’s worth asking about multi-policy discount.
* Low Mileage
More and more people working at home. No more commuting. Perhaps you travel for work, but car pool?
Either way, look for low mileage discounts.
* Good Driving Record
A good driving record always reduces your car insurance costs. Keep a clean drivers license. Do not speed, do not be driving dangerous, and you’ll save money (apart from other benefits!)
* Bonus Tip
Okay, I said ‘7 way …’, but here are some additional tips. Fit anti-theft devices your car. Go advanced driver training courses. Use daytime running lights. If you are a student away from home, consider adding the policy of parents.
This short article covers things you should consider when shopping for auto insurance. Follow these tips and you’ll cut your car insurance costs.