Faced with today’s high insurance rates, savvy drivers look for every possible way to reduce their premiums. It’s only common sense to be informed about the many ways to find a good deal or obtain discount car insurance. Here are some suggestions for saving money.

Shop Around:

Many drivers don’t realize that insurance premiums for the same coverage on the same car can vary widely among insurers. It pays to be thorough when you’re looking for the lowest premiums on the coverage you want. Even if you’ve been with your present company for several years, you can potentially save hundreds of dollars by shopping around for affordable car insurance quotes elsewhere.

Ask About Multifamily or Multi-policy Discounts:

A discount may apply to your auto insurance if you insure more than one vehicle under the same policy or with the same company. You may also be eligible for a discount if you buy more than one type of insurance through that same company (e.g., auto and homeowners).

Increase Your Deductible:

You might be able to reduce your annual premium by 10 percent or more by increasing your deductible. Buying affordable car insurance this way is something of a gamble, of course, since you’ll be required to pay the difference in the event of an accident. For example, if you sustain $2,500 worth of damage and your deductible is $1,000, you have to come up with the remaining $1,500 out of your own pocket.

Watch That Credit Rating:

How responsibly you manage your credit is an important consideration for most auto insurance companies. In fact, studies have shown a direct correlation between an applicant’s credit rating and the risk to an insurance company. Any reputable insurer will want to know if you pay your bills on time and have maintained a good credit history.

Keep a clean driving record. Drive safely and defensively.

 

Have safety and anti-theft devices installed.

Those are just a few of the most common ways to qualify for discount auto insurance. Other discounts may be available, so be sure to inquire.