How to reduce your auto insurance premium
You can pay less for auto insurance by making a few smart changes.
Here are some tips to put you on track for savings:
- Drive carefully.
- Get your auto insurance and home insurance from the same provider. You could qualify for discounts.
- Choose a vehicle with low insurance rates. Generally speaking, the older the car, the cheaper the insurance premium. Get an insurance quote and compare the rates for vehicles from different years.
- Choose a vehicle with low repair costs. It costs less to repair an economy-class vehicle than a luxury vehicle.
- Increase your Collision and upset and All perils other than collision or upset deductibles. The higher your deductible, the lower your insurance premium.
A deductible is the amount you must pay when you make an insurance claim.
For example, if you have a $500 collision deductible, you pay the first $500 of the vehicle repair costs, and your insurer pays the rest.
- If your vehicle is old, consider not including Collision and upset and All perils other than collision or upset coverage in your auto insurance policy.