How to Get Cheaper Car Insurance

There are many ways in which you can get cheaper car insurance. Although you can utilize price comparison charts and check out car insurance company websites as a start, there are additional methods you can employ to lower your existing rates as well.

Here are a few ideas to help you in this regard:

* Sign up for a driver’s defensive course. This can save you 5% on your premium.

* Install anti-theft devices in your car.

* Raise your deductible.

* Eliminate collision on older cars.

* Purchase car insurance from the same company which you purchased a homeowner’s policy or life insurance from.

* Instead of paying premiums on a monthly basis, change payments to twice a year or yearly.

* Inquire if the insurance company offers a discount if you have low mileage, or if you belong to an association or organization.

* A long-standing good driving record can result in a reduction of insurance costs.

* Maintain good credit. Check your report annually and correct any errors that may appear. Also, check your FICO score as well.

* Compare and contrast insurance rates online and/or call several insurance companies to obtain quotes.

For new car buyers, you may be asked to buy insurance from the auto dealer and/or switch to a new insurance company. Before doing so, check insurance companies on your own.

However, there are instances in which switching from one company to another may have its merits. For example, the dealership may ask you to sign up with a well-known insurance company who may offer a substantial savings. Before switching to the new company, check again with your current one to ask what the rate would be before deciding.

On the other hand, if you currently deal with an insurance company that holds your home owner’s policy and life insurance, it is recommended that you stay with the same carrier so that you can earn additional discounts when you add the auto.