8 Car Insurance Cost-Cutters

The car insurance market is quiet competitive, more so if you factor in the Internet as a new way of acquiring affordable car insurance. This means that, if you look around, you can easily find ways to cut your car insurance costs. Here are 8 tips that can significantly reduce your spending on car insurance.

Cutting Costs on Car Insurance

1. Be a good driver. There is no question about it; the best way to get low insurance costs is by being a good driver. Obey all traffic laws, keep within the speed limits, and always drive carefully.

2. Do your research before you commit to an insurance company. Insurance rates vary quite a lot from one company to another. They also vary from one type of company to another. Before deciding, check various prices. Also, don't be afraid to let your current insurance provider know if you've found a better price. Most insurers will be willing to work with you to match the better price.

3. Ask your insurance agent about possible discounts. Simply taking a driving course, using a steering wheel lock, or getting good grades in school may be enough to earn you a discount on your insurance rates.

4. Factor in insurance costs when buying your car. Some cars have better safety records, and anti-theft measures that can bring your insurance costs down. Some cars are much more expensive to repair than others. When buying a car, consider the insurance costs to make the best possible investment.

5. Group rates may save you money. You may be able to get lower insurance rates because of your employer or for belonging to a particular organization. Check around to see if an organization you belong to, like an Alumni organization or a club, qualifies for lower rates.

6. If you consider yourself to be a good driver, choose a higher deductible. Higher deductibles can mean drastically lower payments. However, make sure you can afford to pay the deductible in case of an accident. Otherwise, it defeats the whole purpose of having car insurance in the first place.

7. Consider only purchasing liability insurance for cheaper cars. If your car is not worth more than ten times what your insurance premium, getting comprehensive coverage is probably not worth it.

8. Get all your insurance from the same company. It pays to shop around. However, most companies will offer you a reduction in your rates if you've been their customer for a long time. If you get your homeowner's insurance from the same insurer, chances are that your car insurance rates will be lower.

Have questions about your auto insurance policy? We're here to take care of all your Louisville auto insurance needs. Give us a call at (502) 933-2255 to speak to one of our agents or get a free, instant auto insurance quote online from Claude Reynolds Insurance.

By Matt Reynolds - Google+

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