Tips to save money on car insurance

Some things in life are free. Auto insurance is not one of those things, and it can be quite expensive. Here are some ideas on how to save money on auto insurance.

Depending on the state you live in, having auto insurance may not only be a smart way to protect your car, it may also be the law. Certain states require drivers to have insurance on their vehicle, and for good reason. Auto repairs can be very expensive and most people don’t have a few thousand dollars set aside in case of an accident.

Since auto insurance is something we have to spend money on, we should try to save at least some money while doing it, right?

Here are a few tips to help you save some money on your auto insurance bill.

1. Get quotes from more than 1 company. You severely limit the money you can save by signing up with the first company you get a quote from.

2. See if your employer has special relationships that may entitle you to cheaper insurance. Some companies that are only available to groups have incredibly attractive rates and can save you a lot of money.

3. Some companies offer percentage discounts for good driving, good grades in school and defensive driving courses. A defensive driving course may cost you a few hundred dollars, but it could save you many times over in years to come. Check with the insurance company to see which programs qualify for this discount.

4. Make sure that your motor vehicle register does not contain incorrect information. Identity thieves have found it’s not that hard to get their move violations on someone else’s file.

5. Carrying a higher deductible, say $1000 instead of $500, can lead to lower rates. If you’re not prone to accidents, a higher deductible may be a good choice for you.

6. If you have a teenage driver, consider getting them their own policy. In any case, request quotes to compare whether they add unnecessary costs to your rates.

7. Move to a rural area. This probably isn’t a viable option, but auto insurance varies widely by area and state. More densely populated areas often have much higher rates than rural areas.

8. If your vehicle is paid in full, you may only need minimal insurance. Check with your insurance company and state laws to see if you are required to carry coverage, such as liability, collision, or comprehensive coverage.

9. Some car insurance companies offer a discount if you have an alarm or theft protection installed. If your car doesn’t already have one, consider getting one.

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There you have it. A few free tips to save money on your car insurance. Some may work for you and some may not, but you won’t know you’re getting the best price unless you try to implement some of these tips. Good luck with lowering your car insurance!