| Free Money Saving Auto Insurance Tips
By Tim Gorman Our money saving
auto insurance tips were written
for one reason - To Save You Money
on your next auto insurance policy.
Since in most states you are required
by law to purchase a minimum amount
of liability coverage we've looked
for ways to save you money. Additionally
many people want more than just
the bare minimum in order to provide
themselves with adequate protection.
The top two biggest money saving
auto insurance tips are to first
shop around. There are numerous
providers of insurance and generally
speaking you can save a great
deal of money on your policy if
you take the time to find the
right provider. The second biggest
tip to lower your rates is to
simply raise your deductable.
In some cases you can reduce your
annual premium by 10 percent or
more if you increase your deductible
by a few hundred dollars. USE
CAUTION HERE: You want to make
sure you can actually afford the
amount that you raise your deductible
to or you're no better off then
before. Additional tips include
eliminating certain types of coverage
from your current policy and reducing
the amount of coverage you currently
have. Generally this is up to
each individual based on thier
needs, wants and desires. You
may want to consult an insurance
agent before making any drastic
changes to your current policy.
Other factors raising the cost
of your policy include the amount
of mileage you drive annually
and the type of vehicle you own
and operate. Did you also know
that where you live can determine
rates and keeping your car in
a garage can lower your rates.
Cars parked in garages are less
likely to be stolen, vandalized,
or struck by other vehicles. Using
a garage to store your car may
entitle you to a slight premium
reduction. If you have multiple
cars and drivers then you could
qualify for a multifamily discount.
Sometimes your children's insurance
premium can be lowered based on
their school grade point average.
Other discounts may be available
if you meet certain criteria.
Examples may include discounts
for taking a defensive driving
course, being a AAA member or
staying with the same auto insurance
company for a number of years.
These discounts vary by company.
Finally try using an anti-theft
device. This helps to reduce your
insurance cost. Thanks for taking
the time to read our money saving
auto insurance tips. We hope our
free tips and save you some of
your hard earned cash. |
