10 Important Tips To Help You Get The Cheapest Auto Insurance - Ratinah

Auto Insurance - With everything else on your mind, have you put your auto insurance on autopilot? It's not your fault if you have -- a lot of people do. In fact, insurance companies rely on it. They make more money by increasing your rates over time.

10 Important Tips To Help You Get The Cheapest Auto Insurance - Ratinah

But maybe it's time you review your policies and compare them to what else might be out there that could save you a significant amount of money next year.

Here are 10 tips that can help you make an informed decision on whether you're paying too much for auto insurance:

1. Ask for a higher deduction

Your auto insurance deduction is the amount you agree to be paid in advance before your insurance company pays its share of repairing your damage. Ask about increasing your deduction from, say, $200 to $500 -- you might be surprised at how much you can save each year. In some cases, you can save between 15-30% on your collision costs and comprehensive coverage. If you increase your deduction to $1,000, you may be able to cut it further -- maybe as much as it can reduce that cost by at least 40 percent, or more.

2. Drop the coverage you don't need

Do you ride an old beater? Consider stopping collisions and/or comprehensive coverage altogether. Who needs to pay a premium that is higher than the actual value of the car to get started? So go online and check how much your car really costs. You can do this at Edmunds.com.

3. Do not pay double coverage for treatment

If you are already covered by an appropriate health, life and/or disability insurance policy, only purchase the minimum personal injury coverage your state requires.

4. Don't buy a car that thieves like to steal

It is more expensive to insure a car which is popular among car thieves. You can view statistics for it at ConsumerAffairs.com. And while you're at it, don't buy an expensive car to repair.

5. Reduce driving

Many insurance companies offer "low mileage discounts" to eligible drivers. So if you can carpool to work, you might save on gas AND insurance. And not only that -- you'll also reduce wear and tear on your vehicle. Lastly, many cities reserve expressways on the freeway/interstate for carpoolers -- so you'll be working faster too. Call your insurance company and find out if you qualify.

6. Security features can also save you money

Did you know that you can often get a discount if you own a car with automatic seat belts, anti-lock brakes and/or daytime running lights? Also, if you have an approved alarm system or other anti-theft device, you can save money too.

7. Put your teen at your discretion

Don't put teens at their own discretion -- it's too expensive. And another thing about teens: if they maintain decent grades and pass an approved driver training course, you can get a discount on that too. Lastly, if your teen goes to college more than 100 miles from home, they may qualify for a further discount -- if they leave their car at home.

8. Put all your family's vehicles with one insurance company

Many insurance companies will be happy to take your premium for more than one car at a time. And that's not all -- if you buy homeowners and/or life insurance too, you'll save even more.

Ask this simple question: "What other discounts should I know about?"

If you are over 50 and/or retired, you may be eligible for discounts through organizations such as AARP; if you have no accidents or points on your record, you can qualify for a safe driver discount; and/or if you are a long time customer with your carrier, you can save money that way.

9. Reconsider before paying extra for roadside assistance

Here's the thing: being withdrawn may actually increase your premium and/or affect your eligibility for coverage. And adding insult to injury -- you may have coverage through your credit card. Let me see. Sometimes having roadside assistance through an independent company may be the best deal.

10. Conclusion

So there you have it -- lots of ways to save on your auto insurance. Pick up the phone and check. After all, who doesn't want to have an extra few hundred (or thousands) of dollars to save or spend?

That's 10 Important Tips To Help You Get The Cheapest Auto Insurance - Ratinah


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