Ten Tips to Help You Get the Best Auto Insurance Rates

It’s a fact that auto insurance costs are on the rise. This can make it one of your most expensive monthly expenses. You don’t want your monthly overhead to be high. Reviewing your insurance costs can help you avoid overpaying.

Insurance companies will offer discounts if you reduce the mileage you drive each year. Low-mileage discounts can be a great way to save hundreds of dollars if you reduce your annual mileage by less than 7,500 miles. Some insurance companies offer another discount if your commute is by public transport. You should also know that your insurance company may increase your premium if your car is used for work purposes. This should be reimbursed by your employer as part your business expenses.

This is something most people do not like to do. It means they will have to pay more for their part in an accident. However, increasing your deductible can lower your annual premium by as much as 15%. You may also be eligible to receive a discount if there is no accident within a specified time. Your credit score is also important. A poor credit rating can place you in a higher risk group and will cost you more.

Your auto insurance premiums will increase if you have a high-end car. However, a lower-profile vehicle will be less expensive to insure. Because they are more likely to be stolen, sports cars and high-performance vehicles fall under the high risk category. Their speed allows owners to drive faster because of this. The insurance premiums will skyrocket if you live near a high crime area with lots of traffic. Keep your vehicle out of the way and keep it in your garage to prevent theft.

If you purchase anti-theft equipment and safety equipment for your vehicle, your insurance company may reward you. Discounts may be available for anti-lock brakes and automatic seat belts as well as car alarms and GPS tracking systems. You should keep an eye out for discounts, such as for multiple cars that are under one roof. You could offer defensive driving classes to your household drivers. You could also join triple A, which will give you the loyalty discount if you stay with the same company for many years.

It is important to shop around for auto insurance policies. This could be done approximately 45 days before your policy renewal date. Research can help you discover savings that may be available. Research can help you save hundreds, or even thousands of dollars over time.