With the economy in such turmoil, many people are trying to find ways to save money on monthly expenses. One such expense where you can save money is on auto insurance. If you are currently paying a lot for auto insurance, maybe it’s time to check out some alternatives. Here are a few tips to lower your auto insurance and save money.
First off, it’s important to take a look at your current auto policy to understand what it is you’re paying for. If you don’t understand, take it to your auto insurance agent and ask questions. It’s your right to know what is included in your auto insurance and what type of coverage you’re paying for. Make sure your auto insurance agent spells it all out for you.
Next, decide if there are places where you could save money by changing some of the terms of your auto insurance coverage. For example, could you increase your deductible, lower your collision or comprehensive coverage, or even lower your liability coverage? Certain states require that you hold a minimum amount of auto insurance coverage so find out these limits before you make any changes. However, you just may find that you only require a limited amount of auto insurance coverage and you could save up to $20 or more a month.
Compare other auto insurance companies by obtaining quotes. Find cheaper auto insurance and save money by searching the internet for auto insurance quotes that match your needs. Places such as Geico, Allstate, and Progressive offer discount auto insurance that often saves you money compared to your current policy. Since auto insurance companies need to stay competitive, your chances of getting a better quote will be higher. See the resource list below for a few websites to try.
Learn all there is to know about your vehicle. Finding better auto insurance and saving money is easy if you know details about the car or truck you drive. For example, you can save money on your auto insurance just by having dual airbags, an alarm system (whether is works or not), automatic seat belts, four doors, a certain make and model…and more. Also, you can save money by keeping a clean driving record, get discounts if your a student, and get cheaper auto coverage based on your age. Make sure you ask all the questions you want to find out more about saving money on your auto insurance.
* Be sure to talk to your auto insurance agent about your policy so that you fully understand it.Gain discounts by taking a safe driving course, knowing your vehicle’s details, and telling the insurance agent if your married and your age.
* Don’t accept the first auto insurance offer you come across…each auto insurance company is competitive so hold out for the right price.
* Don’t ever lie to get an auto insurance discount…if your found out, you could face high fines and possible incarceration.