Tips On Lowering Your Car Insurance Premiums

Tips On Lowering Your Car Insurance Premiums

1. Shop around and compare prices.

2. Maintain a good driving record.

3. Take the highest deductible you can afford on collision and comprehensive coverage. A higher deductible will mean lower premiums. But remember that you will be responsible for the deductible amount if you have an accident.

4. Take defensive driving.

5. Before buying a vehicle, call an agent for a quote on the cost of insuring it. Sports cars, luxury cars and more expensive cars cost more to insure. A quote is only an estimate of the premium.

6. Review your policy periodically and update coverage accordingly. As a car gets older and loses value, you may not need as much insurance for it. With some cars, it may make sense to only carry minimum coverage.

7. Ask whether there are discounts offered for:

a) Multiple cars on a policy
b) Good student drivers
c) Mature drivers
d) Airbags, anti-theft devices and other equipment
e) Accident-free record
f) Other insurance with same company