Eight Ways to Save on Your Auto Insurance
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Auto insurance is one of those can’t live with it, can’t live without it slices of life. In most places you can’t own a car without insuring it. And if you can’t drive (in many of those same places), you can’t make a living. But while we’re all pretty much stuck with auto insurance, you needn’t be stuck with a lame auto insurance company.
That’s where the Internet comes to the rescue. When you do your auto insurance research online, you’ll be a more informed consumer.
To that end, here are eight ways you can save on your auto insurance …
1. Always shop around. Auto insurance premiums from company to company can easily range by 25% or more. Don’t look for rhyme or reason, just look for a better deal.
2. Aim for the right fit. Some auto insurance companies may appear to specialize in certain demographics. One company, for example, may be kinder and gentler to young married couples than the next.
3. Check into higher deductibles for collision and comprehensive. Going with a higher deductible can easily save you hundreds of dollars per year.
4. Take a defensive driving course. It’s customary for many auto insurance companies to give a 5% discount for defensive driving graduates. Check into courses from AARP and AAA.
5. Look for combo deals. If you insure both you car and home through the same company, you may be eligible for a healthy discount. Keep an eye out for companies that offer rebates to good policyholders.
6. Check with your insurance agent before you buy that new (or new used) car. Some models can cost considerably more to insure … This is based on a number of factors including cost of repairs, theft, and accident history.
7. Check auto insurance rates online and in the real world. The best rates may come from either place. Progressive and GEICO, for example, have impressive websites, but a local independent insurance agent can shop around for you.
8. Pay your auto insurance bill in full, if possible. While paying by installments is convenient, it often incurs a per payment charge. Pay ten monthly payments, each with a $5 surcharge and you’ll be out fifty bucks over the course of the year.
