Auto insurance seems to be getting more expensive every year. Premiums are on the rise, and people are looking for ways to lower their cost. If you are fed up with paying exorbitant premiums and want to find out how you can keep your cost down, read this article for some helpful suggestions.
The make and model of your car has a lot to do with how much in premiums you are paying. Insurance actuaries classify certain car models as high risk because they are popular targets for car thieves. Also, cars that people like to drive fast, like sports cars, also are more costly to insurance. Cars that have a poor repair record or are expense to repair also will drive up your insurance. So, if you are in the market for a car, consider choosing a make and model that is consider a low risk by insurance companies.
Look at your past insurance history. If you are a safe driver and did not have to file many claims in the past, you can opt for a higher deductible for a lower monthly premium. This will give you an immediate reduction in your costs. Just keep in mind that if you do need to file a claim, your insurance will kick in only when your high deductible is met.
Get as many quotes as you can and compare them. One of the easiest ways to compare several insurers at the same time is to use an online quote service. All you need to do is to input your insurance criteria and a few pieces of personal information, and you will will receive quotes from a number of different insurers. If any of these results spark your interest, contact them directly and ask for more information.
Sometimes you can get a discount by being a member of a specific association or club. Do some research on that. Even if an association charges a membership fee, the fee may be worth it if it means a significant discount on your premiums.
An obvious way to keep your rates low is by being a safe driver. Each moving violation will cost you more money in insurance premium. Sometimes, taking a driver safety class can remove the point from your record so your rates can be adjusted.
Think carefully about how much coverage you really need, and avoid buying too much. For instance, if your car is very old, it may not be worth it to pay the extra insurance to repair it if it gets damaged. If you already have medical insurance through another insurer, you probably will not need to purchase medical coverage through your auto insurer.
If you have insurance on your house, and the insurer also offers auto insurance, you may be able to insure both together with one low rate. Check with your insurance agent to see what kind of discount he can give you.
These tips can help you lower your auto insurance costs. Explore all of your options before you sign anything to get the best deal.