How to Save on Car Insurance

Save on Car Insurance

There are a number of ways that you can save money when it comes to car insurance. In fact some of them you may already be doing and didn't realize it could help your insurance rates. Take a look below and see if you can take advantage of any of these potential rate cutters.

Raise the deductible- the deductible is the amount you pay before your insurance takes over. If you have a $500.00 deductible and your vehicle is $2500.00 to repair then you would receive a check from your insurance company for $2000.00. The deductible does not apply when another driver is at fault as their insurance is then responsible.
Cut down on the amount you drive- Insurance companies reward you with lower rates if you drive less. The rationale? If you drive less you are less likely to get in an accident.
Drive a car that is easier to insure- The more the vehicle costs, or the more likely it is to be driven fast, stolen , etc... the higher the insurance costs will be. For example you will find it cheaper to insure a Ford Taurus than you will a Mazda RX-8.
Lighten your lead foot- Fewer moving violations means you are perceived as a better risk and will pay less for insurance.
Have your insurance company cover all of the drivers in the household and consider using them for home, life and other insurance needs as well- If your insurance company takes care of multiple policies for you it usually will save you a small amount on each one.
If you are a teenage driver (or are an adult with speeding tickets) consider taking a certified driving class.
Keep your credit history looking good- Insurance companies look at your credit history too! Again, they are looking for high risk and low risk indicators about you as a person to help gauger what they can offer you. You can get a free look at your credit history at Experian.