Monday, October 14, 2013

5 Tips To Reduce Your Auto Insurance Premium


Anyone who owns a car understands the pain of paying for auto insurance. If you are a safe driver, you will never be able to use something that you pay hundreds of dollars a year to use. Fortunately, there are several ways to reduce the amount that you pay each year for car insurance.

1) Improve Your Credit Score Research has shown that drivers who are not responsible with their money are often not responsible behind the wheel. In addition, drivers who have bad credit have a financial incentive to file fraudulent or shady claims in the hopes of getting a quick paycheck. If you have a questionable credit score, start taking steps to improve it as soon as possible.

2) Reduce The Amount Of Coverage You Have Your car insurance premium will drop if you reduce the amount and types of coverage that you have. For instance, you may not need collision or comprehensive insurance on a car that is more than a few years old or that you are no longer making payments on. By reducing your bodily injury coverage levels, you can see a significant savings each year.

3) Increase Your Deductible A deductible is the amount of money that you have to pay before your insurance policy kicks in. If you have a low deductible, you will have a higher premium. By increasing your deductible, you are taking on more of the risk if you get into an accident. Therefore, your premium will drop as a result. Policyholders should know that there is a separate deductible for damage to glass and damage to the body of your car. Typically, increasing the deductible for body damage lowers your premium more than increasing the deductible for glass damage.

4) Add Security Features To Your Car Adding security features to your car makes it less likely that someone will damage or steal your car. This reduces the risk of a policyholder filing a claim for lost or stolen property. In the event that your car is stolen and not recovered, your insurance company will give you a check equal to the current value of the car. Cars that have anti-lock brakes or airbags reduce the risk that you will get into an accident or suffer severe injuries in an accident.

5) Pay In Full Every Six Months The easiest way to lower your insurance premium is to pay in full every six months. When you pay in monthly installments, you are paying convenience fees as well as any fees to process a payment by phone or credit card. Paying your premium every six months as opposed to every month can save you up to 10 percent over the course of a year. Saving money on auto insurance doesn't have to be difficult. By improving your driver profile, adding security features to your car and paying in semi-annual installments, you can save a lot of money on something that you hope that you never have to use.

(Photo credit: Alan Cleaver)


  1. Great article ...Thanks for your lovely post, the contents are quiet interesting. I will be waiting for your next post

    car insurance quote

  2. I read your post on credit report. Can you tell me how to Get a Mobile Phone Contract with a Poor or Bad Credit History and how Bad Credit Phones help in for checking credit report.

  3. Thank you for this info since my friend is wondering where to get a bankruptcy lawyer in Edmonton to hire. Thank you again.

    1. Did your friend find a good bankruptcy lawyer in Edmonton to hire? I was thinking about declaring bankruptcy in Alberta last year. I got some good advise and it help saved me in the long run.

  4. I have been trying to find a bankruptcy help. This has been great. Thanks for the help.

  5. Thank you for the great tips! I am hoping on changing my car insurance after I speak to my bankruptcy lawyer in Peoria IL to work out the money I should use and where.

  6. I need some help with finacials, and I am looking for chapter 7 bankruptcy attorney in chicago il. Any suggestions? Thanks for the help.

  7. Before buying a new vehicle, call your insurance agent to find out how much it's going to cost to insure the vehicle. Premiums can vary widely based on the make, model and year of a vehicle. This is one instance where smart shopping really pays.

    Dolman Law Group

  8. This is exactly what i am looking for.. Thanks a lot for that .. will look forward for more details about how to choose Auto insurance policy

  9. Excellent tips and advice, I will recommend this to my friends.

    bankruptcy lawyer in san antonio

  10. I think every driver should have auto insurance coverage no matter what. Also, kids should learn about the best tires for your car. It is important to stay safe while driving.
    limited tort lawyer

  11. Although, there are many good advocates in Israeli, it’s hard to find a great israeli advocate. Due to this, a question comes up: what makes a good advocate great? Well, the answer lies in how you conduct yourself as an advocate. For you to be great, you need to be professional. This means that you need to treat your clients and partners with utter respect. You also need to research all the cases that you have. This will ensure that you have all the facts when you present the cases in court. In addition to this, you also need to love your job. When you love being an advocate, there is no reason as to why you can’t be great!

  12. Thank you for providing the information.

    I would like to inform that I also recently come across a site called automobileinsurance-quote. Please check it out for quick information on the same.
    Contact Us For Cheap Auto Insurance Quotes

  13. The deductible is the amount of money you have to fork over before your insurance policy comes to the rescue. By bumping your deductible up from $200 to $500, you could lower the cost of your collision and comprehensive coverage by 15%to 30%.
    Rick Terrana