The way you think can help you a great deal when you are shopping around for a new policy.
Specifically, you need to think about the inverse relationship between your deductibles and your premiums. If you pay more for your deductible, then the premium will be less — and vice versa.
If you have other, older cars, then consider dropping any comprehensive coverage and/or collision coverage on them.
You need to keep an eye on your credit report as well. Car insurance companies will be; they use it to determine how much you pay. Make sure it is in good condition.
You may be able to save money by purchasing your car insurance from the same insurer who covers your home as well. This is known as an umbrella policy.
See if the companies in which you are interested offer discounts if you have taken a safe driving course or a defensive driving course.
Tags: Car Insurance, new policy
September 28th, 2009 at 1:29 am
Credit is definitely something that plays a role in determining the cost of auto insurance. Nice set of tips Heather!
October 2nd, 2009 at 10:39 am
If I may add one more factor that effects the cost of insurance; your car choice.Insure.com published a report on the most and least expensive to insure cars. The list of the 10 least expensive have one thing in common, they are all sort of boring family vehicles, boring cars make for conservative unadventurous drivers, an insurers dream.
1 $832 Hyundai Santa Fe Midsize SUV
2 $840 Kia Sportage Small SUV
3 $848 Hyundai Entourage Minivan
4 $857 Kia Sedona Minivan
5 $870 Kia Rio5 Small wagon
6 $871 Honda Odyssey Minivan
7 $881 Smart Fortwo Small passenger car
8 $911 Saturn VUE SUV
9 $913 Mazda Tribute SUV
10 $915 Chrysler Town & Country Minivan
The Smart Fortwo although tiny and fragile looking is a well engineered cracker box with lots of Mercedes safety features and well as cleverly pre painted bolt on replacement body parts.
The most expensive of those rated:
$2,533 Nissan GT-R Sports car (MSRP $76,840, 485 horsepower)
sports cars fill most of the top 15 most costly spots.