5 Tips to Lower Your Auto Insurance

Are you paying too much for your auto insurance? Find out how to save a few dollars of your insurance by using a bit of common sense. Here are five quick tips to make sure you are paying the lowest possible premium for your car insurance.

1.Drop comprehensive coverage from your auto insurance.

If your car is older and you’ve finished paying it off, do a few calculations to decide if you really need to continue paying for comprehensive coverage. Most experts recommend that if you are paying a premium that is more than 10% of the current market value of your automobile, you really don’t need comprehensive insurance.

2.Car pool to work.

The more miles your car is driven, the higher is the risk of an auto accident. By reducing the number of miles you drive back and forth to work, you’ll reduce your risk of accident, and your premium will also drop. Consider taking public transport to work at least a few days a week. The idea is to reduce the miles your car is on the road each year.

3.Compare insurance premiums and policies before you buy.

Most people spend weeks researching the car they want to buy, but less than fifteen minutes choosing their auto insurance carrier. Even in states where insurance rates are regulated, you can realize substantial savings by shopping around for the best policy for your needs. A price comparison site that lets you get real time quotes for your auto insurance policy is a great tool to check your policy against other comparable policies.

4.Buy your auto insurance through the same company that insures your home.

It’s not a tried and true fact, but you may get a bargain if you use the same insurer for your home and auto insurance, especially if you work through the same broker or agent. In many cases, your agent may be willing to take a slight cut in commission to keep your business.

5.Review your auto insurance annually, and compare rates again before renewing.

It doesn’t take long to check premiums at a few other insurers once a year, but few people can be bothered. Insurers count on that inertia to keep customers from jumping ship over small rises in premium prices.

So what are you waiting for? Get a free quote now!