AUTO
INSURANCE |
 Shop
around for car or auto insurance!
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The
best time to shop around for auto or car insurance is when
your particular auto or car insurance policy is up for renewal. Shop
with us. BuyInsurance.com will provide you with
various quotes from auto or car insurance providers for free. Especially
if you find that the auto or car premium you currently have has increased. You may
be surprised to find that auto or car insurance premiums for
the exact same auto or car insurance coverage on the same car can vary widely
(by hundreds of dollars) between different insurers,
even in states that regulate auto or car insurance rates. Click here to begin your search for a competitive auto or car insurance rate.
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Increase
your auto and/or car insurance deductible. |
For
many people, raising the deductible on their auto or car insurance
is a good way to cut the cost of the auto or car insurance policy. Sometimes
you can reduce your annual car or auto insurance premium by 10 percent or more
if you increase your deductible from, say, $250 to $500.
However, make sure you have the financial resources to
handle the larger deductible when the time comes. |
Narrow
the scope of your auto or car insurance coverage. |
One
seemingly obvious solution is to eliminate certain types
of coverage from the auto or car insurance policy. Most states require you to
have liability coverage, but other non-mandatory coverage
may be expendable. Be careful, though, because you don't
want to be underinsured if you're in an accident. Even
though medical payments, uninsured motorist, collision,
and comprehensive coverage may be optional in some states,
it's usually not advisable to discard them altogether.
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Lower
auto or car insurance coverage amounts. |
You
can also reduce the amounts of certain auto or car insurance coverage. Be very
careful here. You don't want to be inadequately insured,
especially in the area of liability. You should almost
always keep your liability coverage as high as possible
because this is where you can have the greatest losses.
You may be able to lower your coverage amounts in other
areas (such as collision and comprehensive), but don't
rush into such a decision just to save a few bucks. The
costs could far outweigh the savings. Talk it over with
a licensed agent first. Click
here to get a quote from an agent in your area. |
Keep
an eye on your credit report to lower your auto or car insurance rate. |
Your
credit history is an important factor for most auto insurance
companies. Many studies have shown a correlation between
your credit history and the risk to an auto or car insurance company.
Paying your bills on time and maintaining a good credit
history will allow you to enjoy lower auto or car insurance rates. |
Drive
less to lower your car or auto insurance rates. |
If
you drive less than a certain number of miles in a year
(e.g., 7,500), you may qualify for a low-mileage discount.
If your insurer offers this discount, try to limit your
driving as much as possible. If you commute to work, use
public transportation instead of driving. When you go
away on vacation, fly or take the train. |
Don't
use your car for business purposes to keep your auto or car insurance rates low. |
Since
work-related driving generally subjects you to a higher
premium than pleasure driving, it may be in your best
interest to stop using your car for business purposes. |
Drive
safely to keep your auto or car insurance rates low. |
You
may be eligible for a price break on your auto or car insurance policy if you
maintain a clean driving record for a specified period
(usually three years). A clean driving record generally
means no accidents, serious moving violations, drunk driving
convictions, etc. The best way to qualify for the applicable
discount is to drive carefully and defensively at all
times. |
Buy
a low-profile car to keep your auto or car insurance low. |
Cars
are rated on a risk scale for auto insurance purposes.
In general, sports cars and other high-performance, flashy
vehicles are classified as higher risks because they are
common targets for thieves and vandals, and because statistically,
the people who own them tend to drive more recklessly.
If you own such a vehicle, you will likely pay a higher car or auto insurance
premium than if you owned a station wagon, sedan, or other
low-risk vehicle. |
Move, to lower your auto or car insurance rates. |
If
you live in a rural community with little crime and traffic
congestion, your premium will generally be lower than
if you live in an urban area where your car is more likely
to be stolen, vandalized, or involved in an accident.
Granted, you shouldn't move just to cut your auto insurance
costs. However, this may be one of many factors in your
decision if you're thinking about relocating. |
Keep
your car in a garage to lower your auto or car insurance rates. |
Cars
parked in garages are less likely to be stolen, vandalized,
or struck by other vehicles. Using a garage to store your
car may entitle you to a slight premium reduction. |
Have
safety/anti-theft devices installed to decrease your car or auto insurance rates. |
You
may receive discounts on your auto or car insurance coverage if your car is
equipped with one or more of the following options: anti-lock
brakes, automatic seat belts, and airbags. Similarly,
anti-theft devices such as car alarms and tracking systems
(e.g., Lojack) may also get you a discount because they
reduce the chances of your car being stolen or vandalized. |
Inquire
about multifamily/multi-policy discounts to decrease your car or auto insurance rates. |
You
may receive a discount on your auto or car insurance coverage from your insurance company if
you buy more than one type of insurance through that same
company (e.g., auto and homeowner's). A discount may also
apply to your auto insurance if you insure multiple cars
under the same policy or with the same company. |
Good
Driver Discounts will decrease your car or auto insurance rates. |
Other
discounts on your auto or car insurance coverage may be available if you meet certain criteria.
Examples may include discounts for taking a defensive
driving course, being a AAA member or staying with the
same auto insurance company for a number of years. These
discounts vary by company when it comes to auto or car insurance coverage. |
