Blumenthal offers his top tips on how to save money on your auto insurance:
• Choose Your Vehicle Wisely
Before you buy a vehicle, check your insurance rate and the vehicle's rating. For example, luxury automobiles can be expensive to insure, because they are more expensive to repair and replace. How often your make and model of vehicle is stolen may also affect your premium, but if you install a safety or theft-reducing device you may be eligible for a lower rate.
• Rethink How You Use Your Vehicle
If you've gone from driving to work every day to embracing public transit and only using your vehicle locally on weekends, then you may qualify for a lower premium. You could also consider removing high risk drivers from your policy.
• Increase Your Deductible
There is always the option to increase your deductible to save on monthly costs but keep in mind you'll be responsible for higher out-of-pocket expenses.
• Look For Discounts
Review your automobile policy annually and hunt for a good deal. And don't forget to ask about discounts. If you're a member of a professional group or alumni association, you may qualify for special rates with a particular insurer. Additionally, check with your employer to see if they have negotiated a group discount for staff. Many insurance companies also offer discounts if you bundle your insurance for home and multiple vehicles together.