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Inside this Article
Auto insurance
rates - How
do you lower my auto insurance rates?
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Since there are many factors that go into determining your auto
insurance rates, there are many chances to lower your rates.
If you change jobs and your drive to work changes or you stop working or
you work from home, you should contact your insurance company. If you have a teen driver and they go to school over
100 miles away without a car then you should be able to get a
discount.
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If you get married and are in your teens or twenties call your insurance
company and see about combining your policies. Take defensive driving if your state allows it for a discount. See
if increasing your comprehsive and collision deductibles will save
you a lot of money. You need to compare what you're saving and how
much more you will have to pay if you file a claim.
For example,
if you go from $500 to a $1000 deductible and it lowers your insurance
$50 per 6 months then it saves you $100 a year.
It will take you 5 years to break even from what you are saving compared
to how much more you have to pay.
Now, if it saves you $250 every six months then it would be more worth
your while.
See if combining your auto and home insurance polices will qualify for a
multi policy discount with your current company. This could be a
substantial discount.
One of the biggest ways you could save $200-$500 or more a year is
shopping around for insurance. The auto insurance industry is
very competitive and this is great news for smart consumers like
yourself. Shop for auto insurance quotes here and see how much
you can save.
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