How to Save on Car Insurance

How to Save on Vehicle Insurance

Buy all of your insurance requirments from one insurance company including your house, rental, life & vehicle insurance. You will most likley get a package deal, if you have all of your policies with them.

Inquire about higher vehicle deductible on your car insurance. If you have a higher deductible it will mean you pay less premiums every month, the trade off is if you were to get into an accident and have to file a insurance claim, you will be required to pay more out of your pocket. If you want a lower deductible it will always means higher monthly premium payments, but less out of your pocket expense if you have to file an insurance claim.

It all depends on your vehicle make and model. If you have a vehicle that is expensive, it will also be expensive to repair. Therefore, your premiums will be much higher. Inexpensive vehicle usually have lower premiums every month, since they have a smaller replacement value and are cheaper to repair than expensive vehicle.

Depending on the age of your vehicle decide whether you need liability insurance or full coverage insurance. If your auto is older and paid off you have the option of getting liability insurance only it will save you quite a bit of money on insurance premiums every month. However the trade off is if you get into an accident, the damage to your automobile is your responsibility your insurance company will not repair your auto. Depending on your situation this might be an option for you.

Be a safe driver, obey all the rules of the road and avoid speeding tickets or accidents all these will make your insurance premiums increase. Almost all Insurance companys usually offer discounts for safe drivers. Many auto insurance companies will give you discounts of up to 20% percent off if you have not had an accident or ticket for the previous 3 years or more.