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How to reduce your auto insurance premium

You can pay less for auto insurance by making a few smart changes.

Here are 7 tips to put you on track for savings:

  1. Drive carefully.
  2. Get your auto insurance and home insurance from the same provider. You could qualify for discounts.
  3. 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.
  4. Choose a vehicle with low repair costs. It costs less to repair an economy-class vehicle than a luxury vehicle.
  5. Install a certified anti-theft system. Most insurers will lower your auto insurance premium, no matter how old your vehicle is.
  6. 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.

  7. 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.

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