1> Increasing your deductible
The amount you pay out of your own pocket before you can make an insurance claim is called the deductible. If you raise your claim, you'll have to pay more when you make a claim. But if you are a safe driver, raising your deductible will help you save more money over time. Look at the claims you've made in the past and make a decision for yourself.
2> If your car is older, drop full coverage and collision insurance.
If your car isn't worth much...
1> Increasing your deductible
The amount you pay out of your own pocket before you can make an insurance claim is called the deductible. If you raise your claim, you'll have to pay more when you make a claim. But if you are a safe driver, raising your deductible will help you save more money over time. Look at the claims you've made in the past and make a decision for yourself.
2> If your car is older, drop full coverage and collision insurance.
Why pay for full coverage and collision insurance if your car is not worth much? There are a lot of online sites where you can find out what your car is really worth. Also, your insurance agent might be able to find out how much your car is really worth.
Getting the most out of low mileage
Some auto insurance companies will give you a discount if you drive less than a certain number of miles or less than a certain distance to work.
4> When moving, think about insurance costs.
If you are thinking about moving, you should talk to your insurance agent about how much insurance will cost in the new city or state.
5> Car with a low profile
Your car will also affect how much your insurance costs in total. Some of the cars are popular with thieves because they can be sold for a lot of money. Some cars cost more to fix than others. Before buying an automobile, it makes a lot of sense to do enough research.
6> Make sure that your insurance agent has the right information about your car.
Cars made by different companies may have names that are similar, but insurance costs may be different. Your auto insurance quote can also change if you have 2 or 4 doors or the wrong model.
7> Have your insurance agent check to see what discounts other insurance companies offer.
A lot of insurance companies will give you a discount if you and your spouse have insurance with the same company. Also, you can save money if you get your home insurance, life insurance, and auto insurance from the same company. Talk to your insurance agent about ways to save money.
