8 Ways to Lower your Auto Insurance Costs

1. Compare Insurance Prices before buying a Car

Car insurance premiums are primarily based in part on the car’s worth, the price to repair it, its overall safety record and also the chance of theft. several insurers offer discounts for features that reduce the chance of injuries or theft. to assist you choose what car to shop for, you can get information from the Insurance Institute for Highway Safety


2. Lower your Coverage on Older Cars

If your car is worth less than 10 times the premium, buying the coverage might not be cost effective. car dealers and banks will tell you the price of cars. 


3. Shop around for Different Discounts

Companies provide discounts to policyholders who haven't had any accidents or moving violations for years. you may additionally get a discount if you are taking a defensive driving course. If there's a young driver on the policy who is a good student, has taken a drivers education course or is away at college without a car, you will also qualify for a lower rate.


4. Purchase your Homeowners and Auto Insurance Coverage from the same Insurance Company

Many insurers can provide you with an opportunity if you get 2 or more kinds of insurance. you may also get a discount if you've got over one vehicle insured with the same company. Some insurers reduce the rates for long-time customers. however it still is smart to shop around! you may save money shopping for from completely different insurance companies, compared with a multipolicy discount.


5. Maintain a Good Credit Record

Establishing a solid credit history can cut your insurance costs. Most insurers use credit data to price auto insurance policies. research shows that individuals who effectively manage their credit have fewer claims. to safeguard your credit standing, pay your bills on time, don’t get a lot of credit than you need and keep your credit balances as low as attainable. Check your credit record on a regular basis and have any errors corrected promptly in order that your record remains correct.


6. Make the Most of Low Mileage Discount

Some companies provide discounts to motorists who drive a less than average number of miles annually. Low mileage discounts may also apply to drivers who car pool to work.


7. Ask for Higher Deductibles

Deductibles are what you pay before your policy kicks in. By requesting higher deductibles, you'll be able to lower your costs considerably. reaching to a $1,000 deductible can save you 40 % or more. Before selecting a higher deductible, make sure you've got enough money set aside to pay it if you've got a claim.

​
8. Ask about Group Insurance

Some companies provide discounts to drivers who get insurance through a group plan from their employers, through skilled, business and alumni groups or from different associations. ask your employer and inquire with groups or clubs you're a member of to examine if this is potential.