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8 Ways To Save Money On Your Auto Insurance

With the economy in the state it is in and with job losses becoming a huge possibility for many Americans we need to think of ways to decrease our fixed expenses. One area where you can do that is your car insurance. It

Deductible

When most people sign up for an insurance policy they don't even really think that much about the deductible. The insurance agent is likely just going to put down $200 and he or she will make you think that is a good idea. Sure it is a good idea for them because with that low deductible you are going to be paying a higher premium for your car insurance. Consider raising your deductible to $500 or even $1000. If you are a relatively safe and experienced driver this should be fine. If you have a teenager however, you may not want to raise it any higher than $500. If you think about it if you get in an accident and the damage is minor you likely to just fix it yourself anyways without contacting your insurance in order to avoid getting higher premiums. So why pay more in premiums for a low deductible when you will likely not contact your insurance for minor damage anyways; so raise that deductible it will save you a lot of money right off the top.

Make the Honor Roll

This is a good incentive for your teenagers to earn good grades. Tell your teenager that if they want to drive they will need to keep a B average. If a teenager keeps a B average they will receive a good student discount. So give your teenager a good reason to keep their grades up. Tell them if their grades drop, then you will drop them from your insurance and therefore they will not be able to drive until you are no longer responsible for them. This discount is given to both high school and college students.

If your teenager is a good student, and you are not already getting the good student discount call your insurance agent and let them know your teenager is a good student and should be getting that discount. You may have to send in proof.

Shop and Haggle

Your insurance rates are not set in stone, and nobody wants to lose business right now. So even if you don't want to go through the trouble of changing insurance companies you should shop around for a better price.

To help you out with your comparisons check sites such as: www.insurance.com, www.insure.com or www.esurance.com

Consider the Car You are Driving

If you are purchasing a new vehicle check with your insurance company before you make that purchase. Some cars will cause you to have higher insurance rates, while others will give you lower rates. If you are driving a vehicle that causes your insurance to be high you may want to consider trading it in for a safer car.

Check the Average Mileage on your Policy

Likely Page BreakMake sure your policy does not say that you are driving more miles per month on average than you actually are. This is one of the things that determine the cost of your monthly policy. If you drive less than is stated in your policy let them know. Also if you have changed jobs and your new job is closer or if you have begun car pooling let them know about this change.

Look Over Your Policy

Make sure you are not paying for things that you do not want or need. Sometimes they throw little things on there and hope you won't notice. If you don't understand what something on your policy is ask about it, and if you don't want it or don't think you need it ask to have them removed. Do not lower the human injury amounts though. With an automobile you are never going to have more damage or more expense then the cost of the car or cars in the accident, but a human being's care, or multiple human being's care can be never ending, this is not an area you should skim on, so never lower your personal injury limits. If you have road side assistance on your policy, but your cars warranty also covers that, there is no reason why you should be paying for that twice.

Defensive Driving Courses

Some insurance companies will lower your rate if you take a defensive drivers class. Call your agent and find out if they do this. Make sure the cost of the class does not outweigh the amount of the discount you will receive.

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By Rae Lynne Morvay - I am a happily married woman and mother of 3. I am also a pet owner of both a cat and a dog. I am a girl scout leader, a wedding singer, I am top 500 writer for Epinions.com, and I am an owner of a small h...  

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