How to Save on Car Insurance

Car insurance is mandatory in most states, and rates to insure your automobile can be quiet expensive. Luckily there are many ways to save money on car insurance with a few easy, simple tricks.

Compare Rates

You have heard it before:shop around. Comparing car insurance rates is the best way to get the most affordable policy to suit your needs. Even if you are currently insured, you could be paying to much for car insurance! The only way to know is to take a few short minutes and compare rates. It is recommended you obtain at least three quotes from various agencies on a yearly basis. Web sites such as www.esurance.com and www.progressive.com can help you obtain multiple quotes in a matter of minutes. Comparing rates could save you as much as $500 per year on car insurance.

Pay Your Premiums Annually

You will save as much as 40% paying your car insurance premiums on a yearly basis rather than month to month. And, there is never any worry about missing a payment and facing a lapse in coverage, which can also cause your rates to increase.

Discounts Are Available

Car insurance companies offer plenty of discounts for the taking. Discounts offered include those for safe driving, staying accident free, multiple policy discounts, and even discounts for starting or renewing a policy online. Ask about discounts offered by your auto insurance company or when you compare rates. Discounts typically range between 5% and 25%, which can mean huge savings for you.

Keep Your Record Clean

This means obey all traffic laws and stay accident free! Just one infraction on your driving record can increase your premiums as much as 44%! Be sure to get a copy of your driving record to ensure it is accurate as well. In addition to driving records, many agencies use your credit score to factor in your car insurance rates. Get a yearly copy of your credit report, and fix any errors you may find. Pay your bills on time and keep a high credit score for the lowest rates.

Join An Auto Club

Auto clubs, such as AAA, can save you plenty of money on car insurance, plus they offer many other types of perks and benefits. Visit their web site at www. AAA.com to learn more about their program. There are many other types of auto clubs in addition to AAA that can save you on car insurance.  

These are just a few of the many and most common ways to save cash on car insurance. Take advantage of each of these money saving tips and you will see the rewards in your wallet!