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How to Lower Your Car Insurance Premiums

By Edited Jan 18, 2016 0 0

Everyone is looking to save money and a great way to save money is by lowering your car insurance premiums.  This article will address ways to get lower car insurance quotes.

Shop Around
First, shop around.  Get multiple quotes from multiple insurance companies to ensure that you are offered and pick the lowest car insurance premium as possible.

Choose Your Car Wisely
BEFORE you buy a car, evaluate how much the insurance will cost.  Premiums can vary depending upon what car you own.  Insurance companies take into account the vehicle's  make and model when determining the cost of the premium.  If you are in the process of purchasing a new car and trying to decide what to buy, you might be able to save hundreds or even thousands of dollars in premiums by choosing a different make or model.

Increase Your Deductible
Raise your deductible.  If you are willing to pay more out of pocket in the event of an accident or if your car is stolen, you can ask the insurance company to raise your deductible which will  lower your monthly premium or if you are shopping for coverage, you will likely receive a lower quote for policies with higher deductibles.

Eliminate Collision & Comprehensive Coverage
If you have an older car, you may decide that you don't need collision or comprehensive coverage.  You may end up paying more in collision and comprehensive coverage than the vehicle is even worth, so get rid of collision and save money on your monthly premium.

Credit Score
Be aware of your credit score.  The better your credit score the lower your auto insurance premium, the worse your credit score well the higher your premium.

Low Mileage Discount
Ask for a low mileage discount.  Many companies offer low mileage discounts for drivers who do not drive many miles per year, so if your annual mileage is lower than average you may be able to lower your car premium with a low mileage discount.

Group Rates
Many corporations and groups offers group discounts.  Find out whether the company you work for offers a group insurance discount.  If not, check out AAA or other professional organizations you  may belong to for group insurance rates. 

Ask for Discounts
Ask for other discounts.  Your insurance company may offer a good driver discount, a defensive driver course discount, or an anti-theft device discount.  Make sure to check with your car insurance company to see if there's anyway get a lower car insurance quote.  Sometimes just implying that you are shopping around for a new insurance company with a lower quote may result in your current insurance company offering you a lower quote.

Never Let Coverage Lapse
Don't let your coverage lapse! If you let your coverage lapse even briefly you can miss out on huge discounts! So make sure you are always covered!

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