Auto Insurance Savings Tips

Most states require that anyone who owns a vehicle must have an insurance policy to protect that vehicle, the primary driver/s, passengers, as well as other people on the road. The insurance minimums can vary quite a bit based on the state. Regardless of the minimum coverage required, vehicle owners typically like to save as much money as possible on their auto insurance policy.

These tips can help you keep your costs down while still providing you with adequate coverage to protect your vehicle, yourself, and your loved ones..

Compare Insurance Companies

When looking around for insurance, it is recommended that you talk to at least three different insurance companies before choosing one. Talk to family and friends about their rates, call different companies or get quotes online. One valuable resource is your state insurance department, which can provide you with rate comparisons, customer ratings and information on complaints they have received regarding a particular company.

Combine Policies

Very often, insurance companies will offer reduced rates if you combine all your insurance with one carrier. Multi-policy discounts are offered if you purchase your homeowners and auto insurance from the same company. In addition, if you insure all the vehicles in one household with the same policy, you may also be offered a discount.

Drive Less and Drive Safe

Low mileage discounts are common among auto insurers. The reason for this is that insurance companies understand that the less you drive, the less likely you are to be in an accident. In addition, the safer you are behind the wheel, the less your insurance will cost. If you have a clean driving record, your insurance rate will likely be lower than someone who’s had tickets or accidents.

Work on Your Credit Score

Statistics indicate that drivers who maintain good credit have fewer accidents than those that do not, which is why many insurance companies check credit ratings before providing a quote, and offer lower rates to those with better credit scores.