There are many different kinds of auto insurance coverage you should think about, and of course you need to decide what your insurance limits should be.
Learn about the different types of car insurance coverage and the different discounts available.
You should take the time to learn about auto insurance and how it affects you.
1) Coverage
You can decide how much you will pay for Auto Insurance. You can have higher or lower deductible rates, more or less coverage, you get to decide what you want to pay for. To lower your car insurance payments lower your coverage.
Don't feel comfortable with lowering your auto insurance coverage?
2) Find Insurance Discounts
There are many discounts available for you to apply to your car insurance policy.
Here are some discounts on your car insurance you might be eligible for. How far is your commute to work? Do you have a car alarm? Does your car have air bags? Does your car have an anti-theft system? How is your driving record?
Are you in the military? Saying yes to any of these questions can get you a discount on your car insurance.
3) Compare Insurance Quotes
There are many insurance companies in your state who want you to insure your car with them. You can get a different quote from each of them. You may be able to save hundreds of dollars a year by comparing the auto insurance quotes from different insurance companies. It is best to get several insurance quotes and I find it is very easy to do using an online insurance quote web site. There are lots of these insurance web sites online including:
insurance.com
carinsurance.com
netquote.com
insweb.com.
It will pay off for you in the end if you get as many online auto insurance quotes as you can.
4) Find Insurance Discounts
There are many discounts available for you to apply to your car insurance policy. If your car has certain safety equipment like air bags, anti-lock brakes and some kind of anti-theft device you will be eligible for a discount on your car insurance policy.
You can also get discounts if your a student, if your a good student, if your in the military and of course, if you have a good driving record.
5) Change Your Car Insurance Policy
If you change some amounts on your policy you can get a cheaper auto insurance quote. You can increase the dollar amount of your deductible. This can save you quite a bit of money. The down side is if your involved in an auto accident you will have to pay more out of your own pocket. For many people it is a good way to save some money on expensive insurance policy costs.
6) There are More Discounts
Ask your insurance company if you can get a discount if you combine your insurance needs. If you own a home and insure your car with that company as well it may cost less. If all your assets are insured with the same company you may be eligible for discounts on all your policies.
7) Before You Buy a Car Find Out the Cost to Insure it
Some cars are more expensive to insure than others. My son has a BMW, I have a Toyota. His car insurance costs more than mine. A sports car will cost more than my Toyota as well. The factors used by insurance companies when determining car insurance policy rates include: the cost of the car, the cost of repairs and is it a "hot" candidate to be stolen. You may want to check out how much a certain car will cost to insure before you buy it. This could save you hundreds of dollars a year.
8) Use a Payment Plan Option
Most insurance companies will allow you to pay your insurance premium in monthly installments. My insurance requires that I pay 1/5 of my annual policy up front and finish off with 9 equal monthly payments. This makes my expensive car insurance more affordable for me, and I am able to fit the payments nicely into my budget. There is a small accounting charge for this option, but it may be more affordable than paying your entire auto policy up front.
By using all these car insurance tips you will find yourself with some extra money, or with much better auto insurance coverage for the same price as your old policy. All it takes is a little time and effort but the potential rewards make it well worth your effort. You can easily find the best possible auto insurance quote for your vehicle.
