How to Save on Your Auto Insurance

By Compuquotes Team on March 27th, 2008
Auto Insurance

Like just about everything else, auto insurance rates have continued to increase in recent years. Because of this, many car owners are looking for ways to save money on their auto insurance. In this article, I will give you a few tips that will allow you to reduce your car insurance rates and save money. The first tip of saving money on your car insurance is to purchase anti-theft devices. While most brand new cars already come with them, older models may not. If you are the owner of an older used car, getting an anti-theft device can allow you to save a bit of money on your monthly premiums. Many insurance companies will also give you a discount if you wish to insure more than one vehicle.

If you own two cars, and they are insured through the same company, you should call them to find out if they can offer you lower rates. If you decide you want to sell one of the cars, you could place this vehicle on liability so you can save a bit more on your auto insurance. When you call the insurance company to take one of your cars off the policy because you want to sell it, you will sometimes find that your rate will actually go up rather than down. This little know trick can allow you to leave even more money in your pocket at the end of the month. Another thing that car owners will want to pay attention to is annual policies.

When you choose an annual policy, you will often find that your rates will be lower. Many people make the mistake of choosing a six month policy, and this causes their rates to go up. You should avoid this unless you're certain it will allow you to save money. Another important factor of saving money on your auto insurance is comprehensive storage coverage. As the name implies, this deals with situation in which you need to store your vehicle. If you are storing your car, it doesn't make much sense to continue paying the same rate, since you won't be driving it, and it is hard to get in an accident if you're not driving. Most insurance companies will be more than happy to lower you insurance rates in a situation like this.

Mileage is another factor that most people don't pay attention to. Some insurance agents will inquire about how far you have to drive to work on a daily basis. Depending on how far you work, you may be able to get a reduction in your monthly insurance rates. It is also important for you to pay attention to the organizations that your insurance company are affiliated with. If you are affiliated with these same organizations, the company may be willing to give you a low rate on your month payment. To get this information, you will simply want to call your insurance company. It should also be noted that many insurance companies will give you a small discount if you pay electronically rather than by checks.

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