10 Ways To Save On Car Insurance

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For most people car insurance is the single largest insurance expense after health insurance. Prices are high and climbing forever, at least it seems so. You can save money on your car insurance premiums by following these easy to implement steps.
insurance premiums, auto insurance, auto collision, the purchase of auto insurance, homeowners insurance

1. Shop around. Yes, it pays to shop and compare. Regulatory changes at the state level have encouraged new companies to jump into the market, thus increasing competition and reducing the level for consumers.

2. Increase your deductible. $ 200 deductible sounds wise until you learn that the cost for having a deductible at this threshold can drive your rates through the roof. Consider a deductible as high as $ 1000 to save on premiums. You can always improve your own little accident.

3. Drop collision. If your car is worth less than two or three thousand dollars, consider dropping collision altogether. Of course, you will get nothing from your insurance company if your car is totaled, but the savings you realize by dropping collision can be used as a down payment for your next car.

4. Look for discounts. If your car has certain safety features, make sure that your insurance company aware of this. Older cars, for the most part, do not have air bags but if you have a model that has airbags, you will save on your insurance money.

5. Business deduction. If you drive your car for business, a portion of your insurance costs may be deductible. Conversely, your rates may increase if the insurance company you know that you use your car more for business than pleasure.

6. Combine policy. Purchase homeowners, Cars, and life insurance policies from the same broker and you can save on your premiums. Some insurance companies reward policyholders if they were "one-stop" buy all their insurance needs through one company.

7. Consider before you buy. Porsche Boxster may be your ideal car, but also sharply can cause your insurance. Perhaps less sporty model will be ideal.

8. Driver's Ed Course. You may have taken a driver's education course and your insurance company have not taken into account that in when determining your premium. Let them know that you are a safe driver!

9. Deleted points. If you have moving violations reported to your insurance company, make sure that your insurance company adjusts your premium downward if several years have passed since the occurrence. You can pay a higher premium than you deserve.

10. Check your policy. If the insurance company has the wrong address, city or postcode on your policy you could find yourself paying more than they should.

Reduce the cost of your car insurance may not impossible feat. By following these steps you should realize some savings next time your policy is up for review.