If you are looking for auto insurance, the Yellow Pages Ad Campaign is a great tip. Look around, and do this every year. Don't just keep paying your bill over and over again without shopping around.
A lot of freedom is given to insurance agents. They can match prices and give out many discounts. There are also many things you can do with your policy that can save you a lot of money. For example, if you change the deductible on your collision insurance from $50 to $1000, you can save a lot on your premiums. If you don't think you can pay $1000 out of pocket, change it to a $500 deductible. You will still save a lot on your annual premium payment. But if they get into an accident and total their car, the insurance company will only pay them the car's wholesale value. The amount they get could be less than or equal to $1000. A car that old only need the insurance that protects the other person in case of an accident.
You can also save more on your insurance by putting all of your policies together. This will save you money on both your car insurance and any other policies you have. All insurance companies offer a discount for having more than one car (if yours does not, it is time to switch companies). Also, a lot of companies will give you a bigger discount if they also handle your homeowners' or renters' insurance. If you change your comprehensive deductible, you can also save more money. A lot of people carry full coverage on their older cars when they don't need to. When they bought the car new, they paid for full coverage, and they still pay the same high rate today. Even though their 10-year-old car may only be worth $1,000 or less, they still pay $250-$450 every six months (a total of $500-$900 a year) to keep full coverage on it. You might not be taking advantage of a few other discounts. Even though it seems obvious, make sure you get the right rate for your age. Different ages get discounts that can save you a lot of money. Talk to your agent about this. Also, most places will give you a discount if your car has an alarm system. Anti-lock brakes and airbags can also help bring down your insurance costs.
Don't just keep paying the bill every time it comes. When you get your insurance bill, you should automatically call around to see if you can save more money on your auto insurance premiums.
