Automobile Insurance
Nine Ways to Lower Your Costs on Car Insurance

1. Shop Around- Prices vary from company to company, so it pays to shop around. Get at least three price quotes.

2. Before You Buy a Car, Compare Insurance Costs - Before you buy a new or used car, check into insurance costs. Car insurance premiums are based in part on the car’s sticker price, the cost to repair it, its overall safety record, and the likelihood of theft.

3. Ask for Higher Deductibles - Deductibles are what you pay before your insurance policy kicks in. By requesting higher deductibles, you can lower your costs substantially.

4. Reduce Coverage on Older Cars - Consider dropping collision and/or comprehensive coverages on older cars. If your car is worth less than ten times the premium, purchasing the coverage may not be cost effective.

5. Buy your Homeowners and Auto Coverage from the Same Insurer - Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company.

6. Maintain a Good Credit Record - Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price auto insurance policies.

7. Take Advantage of Low Mileage Discounts - Some companies offer discounts to motorists who drive a lower than average number of miles a year such as drivers who car-pool to work.­

8. Ask about Group Insurance­ - Some companies offer reductions to drivers who get insurance through a group plan from their employers, through professional, business and alumni groups, or other associations.

9. Seek Out Other Discounts - Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course.

­Information abbreviated from The Insurance Information Institute­