Save Money on Auto and Car Insurance

Lowering your auto and car insurance bill is easy with the right strategies. We'll tell you how you can save here.

1. Don't settle for just one quote. If you only get one quote on auto and car insurance, you have no way of knowing how it stacks up against competitors' offers. The premiums for similar policies with different insurers can vary by hundreds of dollars, so make sure you get multiple quotes before purchasing coverage.
2. Max out your deductibles. You won't be able to get the lowest auto and car insurance premiums unless you're willing to maximize your deductibles. Set them as high as you would be able to pay out of pocket without straining your finances.
3. Consider insurance costs when you buy a car. You can head high insurance costs off at the pass by considering them before you purchase a vehicle. A car that is expensive to insure may not be worth the extra costs.
4. Keep your credit in good shape. Most auto and car insurance companies look at your credit rating when determining your premiums. A bad credit score will mean higher premiums, although used car financing bad credit loans will likely reduce your financing compared to a new car loan.
5. Revisit your coverage needs. For those who drive an older vehicle, you might want to rethink your coverage needs. Older cars tend not to be worth much, which means collision and comprehensive coverage will cost you more than your car is worth.
6. Minimal driving pays off. If you drive your car less than 10,000 miles per year, you might be able to qualify for a low-mileage discount with your auto and car insurance company. Ask your prospective insurer if they offer such a discount.
7. Memberships can save you money. Some insurers offer discounts for people who belong to certain organizations or professions. For example, your auto insurer might offer discounts to teachers or veterans.
8. Request a list of discounts. More than likely, you qualify for at least a few discounts with your auto and car insurance company. You can get discounts for everything from car alarms to good grades. Keep in mind, though, that the insurers with the biggest discounts often also have the highest rates.
9. Pay all at once. Installment payments are a nice convenience, but they also usually cost more than paying in one lump sum. If your insurer allows you to save by paying up front, take them up on the offer.
10. Don't let your coverage lapse. Auto and car insurance companies do not like to see lapses in coverage, and they will raise your premiums and possibly disqualify you from discounts if you have any.