The Best Deal on Auto Insurance

Let your fingers do the walking… Remember the Yellow Pages? Excellent advice if you’re shopping for auto insurance. Shop around and do it yearly. Don’t just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance policy.

Some insurance agents really have a lot of wiggle room. They can price match and they can offer many discounts. There are also many decisions you can make about your policy that will save you a pile of money. For example, if you change your deductible on your collision from a $100 deductible to a $1000 deductible, you’re inline for a huge premium savings. If you don’t think you could come up with $1000 out of pocket, then change it to a $500 deductible; you’ll still save a considerable amount on your annual premium.

You can get more of a savings if you change your comprehensive deductible. Many people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1200 or less, yet they continue to pay $265-$455 every six months (total $530 to $910 dollars a year) to keep full coverage on their old vehicle.

Although, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive could be $1200 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.

A method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. Insurance companies offer a multi-car discount (if yours doesn’t, it’s time to switch companies). Further, many will discount more if you have your homeowners or renters policy with them.

There could be a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than can save you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags can also help lower your premiums. 

Do some research before paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you can save even more money on your auto insurance premiums.