Have you compared your auto insurance rate with other company's rates? Are you getting all the discounts you're eligible for? Do you have the highest deductible you can afford? If not, the odds are you're paying too much for your auto insurance.
Here's how to stop overpaying on your insurance ...
Remove All Unnecessary Coverage
Many companies add coverages to your policy you may not want without your knowing. Some of these coverages include rental car coverage (your credit card probably covers this), mechanical breakdown coverage (rarely pays off), and other services you may not need or want. Check your policy to see if you have any unnecessary coverages and have your agent remove them.
Get All the Discounts You're Eligible For
Insurance companies offer a host of discounts, but they don't always tell you about them. Be sure to ask your company representative to tell you about all the discounts you're eligible for and include them in your policy
Drop Collision and Comprehensive Coverage on Older Cars
If you drive an older car the cost of your insurance may be more than the cost to replace your car if you were to have an accident. If your premium plus your deductible is more than the value of your car, consider dropping your collision and comprehensive coverage.
Consolidate Your Auto and Homeowners Policies
You can save up to 15% on your insurance premium by placing both your auto and homeowners insurance with the same company.
Compare Rates With Other Companies
Insurance rates can vary by hundreds of dollars from one company to the next. Company A may charge $1,800 a year for their policy, while company B will charge $1,200 for the exact same coverage.
The best way to save money on your auto insurance is to compare rates with other companies, and the easiest way to do it is to go to an insurance comparison websites.
At these sites you'll fill out a simple online form with your insurance information - name, address, driving history, type of car, and the coverage you want - then you'll receive quotes from a number of A-rated insurance companies.
The Bottom Line
If you follow the above guidelines you can save up to 75% on your auto insurance. Not bad for spending a few minutes checking your policy, dropping unnecessary coverage, getting all the discounts you can, and comparing rates with other companies.
Where to Get a Cheap Rate
Visit http://www.LowerRateQuotes.com or click on the following link to get auto insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on auto insurance.
