You may not realize it, but the insurance rates you pay
for your car can vary dramatically depending on the insurance company,
agent or broker you choose, the coverages you request and the kind of
car you drive. Listed below are a number of things you can do right now
to lower your insurance costs.
Prices for the same coverage can vary by hundreds of
dollars, so it pays to shop around. To your right you will see our insurance
quote form by Progressive. Using this will allow you to compare instantly
online insurance quotes from Progressive and up to three other top companies.
This will give you an idea of price ranges and tell you which companies
or agents have the lowest prices.
The insurer you select should offer both fair prices
and excellent service. Quality personal service may cost a bit more, but
provides added conveniences, so compare multiple insurers to get a feeling
for the quality of their service.
Deductibles represent the amount of money you pay before
you make a claim. By requesting higher deductibles on collision and comprehensive
(fire and theft) coverage, you can lower your costs substantially. For
example, increasing your deductible from $200 to $500 could reduce your
collision cost by 15% to 30%.
It may not be cost-effective to have collision or comprehensive
coverage's on cars worth less than $1000 because any claim you make would
not substantially exceed annual cost and deductible amounts. Auto dealers
and banks can tell you the worth of cars.
If you have adequate health insurance, you may be paying
for duplicate medical coverage in your auto policy. In some states, eliminating
this coverage could lower your personal injury protection (PIP) cost by
up to 40%.
Before you buy a new or used car, check into insurance
costs. Cars that are expensive to repair, or that are a favorite target
for thieves, have much higher insurance costs.
Costs tend to be lowest in rural communities and highest
in center cities where there is more traffic congestion.
Some companies offer discounts to motorists who drive
fewer than a predetermined number of miles a year.
You may be able to take advantage of discounts on some
coverage's if you have automatic seat belts and/or air bags.
Some insurers offer discounts for more than one car, no accidents in three years, drivers over 50 years of age, driver training courses, anti-theft devices, anti-lock brakes and good student grades. Ask your agent about other discounts you might qualify for.