Money Saving Auto Insurance Tips You Should Know | The top two biggest money saving auto insurance tips are to first shop around. There are ...
Money Saving Auto Insurance Tips You Should Know | The top two biggest money saving auto insurance tips are to first shop around. There are numerous providers of insurance and generally
In some cases you can reduce your annual premium by 10 percent or more if you increase your deductible by a few hundred dollars. USE CAUTION HERE: You want to make sure you can actually afford the amount that you raise your deductible to or you're no better off then before. The second biggest tip to lower your rates is to simply raise your deductable.
Other factors raising the cost of your policy include the amount of mileage you drive annually and the type of vehicle you own and operate.
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Additional tips include eliminating certain types of coverage from your current policy and reducing the amount of coverage you currently have. Generally, this is up to each individual based on their needs, wants and desires. You may want to consult an insurance agent before making any drastic changes to your current policy.
Did you also know that where you live can determine rates and keeping your car in a garage can lower your rates. Cars parked in garages are less likely to be stolen, vandalized, or struck by other vehicles. Using a garage to store your car may entitle you to a slight premium reduction.
If you have multiple cars and drivers then you could qualify for a multifamily discount. Sometimes your children's insurance premium can be lowered based on their school grade point average.
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Finally try using an anti-theft device. This helps to reduce your insurance cost. Other discounts may be available if you meet certain criteria. Examples may include discounts for taking a defensive driving course, being a AAA member or staying with the same auto insurance company for a number of years. These discounts vary by company.
Thanks for taking the time to read our money saving auto insurance tips. We hope our free tips and save you some of your hard earned cash.
Money Saving Auto Insurance Tips You Should Know
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