Did you know you could get a discount if you bought your auto insurance from the same company as your home insurance? A multi-discount is something that many companies offer.
Here are a few more tips for buying insurance and saving money:
Shop, shop, shop: You should always compare prices. Different rules for underwriting can make one company charge you more for your home and/or car insurance, while another company may be able to give you a discount. Get a few quotes and compare not just the premiums but also the extra costs.
Deductibles: As a general rule, a higher deductible means a lower premium. But keep in mind that the point of insurance is to make you whole if you suffer a loss that is covered. Don't raise your deductibles so much that you have to pay out of your own pocket more than you can afford. If your deductible is currently $250 and you can live with a $500 deductible, then raise it to $500. But if you raise your deductible to $5,000 to save money on your premium and then have a loss, you have to pay the first $5,000. So, only raise them as much as you can pay for.
Discounts: Ask for a lower price. Some businesses give senior citizens discounts that can be as much as 10 percent. Other companies give teens with good grades discounts on car insurance if they keep their grades up (B or above). Your agent knows about these deals, so just ask.
Length of time: Stick with the right insurance company once you've found it. Insurance companies like customers who stay with them for a long time and will give you a discount if you do. Three to five years with the same carrier could get you a 5% discount, and six or more years could get you a 10% discount.
Credit Score: Even though it seems unfair, your credit score is taken into account when figuring out how much your premium will be. Find out what your credit score is and do everything you can to raise it.