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A few strategies for cutting your auto insurance premiums


BY KEVIN SAWYER – Auto insurance is, it seems, a necessary evil. Even if you don’t live in a state where the government forces you to have it, getting insurance for your vehicle is usually a pretty sound business decision. Often, the price of the insurance is worth the accidents or repairs you may find yourself facing. That doesn’t mean, however, that you can’t put some strategies to work in an effort to keep your bill as low as possible.

  • Prior to going out and buying a new or used vehicle, you should already have made your comparisons with regard to rates. The premiums you will pay will vary depending on the type and year of the vehicle you are looking to buy. It may be the turning point of your decision.
  • Another thing you need to do, if you haven’t already, is to get your credit score in order. They all look at credit scores so the better yours is, the less you will likely pay.
  • There are discounts to be had but they are not likely to let you know about them. Ask what they have for discounts with regard to mileage traveled, security features, and the like. You can save there. Also, though little known, tell them you park in a covered space if you do because, for the most part, they are going to charge people based on the them parking in the street out in the elements.
  • Your monthly premium, and overall yearly cost, will be lower if you choose a higher deductible. Pay off the whole years premium if you can. It is usually cheaper than monthly installments. You could save as much as $10-$15 every month buy doing so. Take the time to shop around for the best deals. It is an important expense so you need to try and work it to your advantage.