HOW MUCH? -auto insurance

How to lower auto insurance costs.

   
 

Auto insurance discounts.

There are many discounts insurance companies offer to attract clients. These discounts can make a real difference in your insurance quote. The two most common are:

  • a multi policy discount applies when another insurance policy, other than auto, is bought through the same company, e.g. homeowner insurance.
  • a multi car discount applies by having more than one car on the same insurance policy. It may lower the cost by up to 25%.

Besides the two major discounts mentioned above, there are less significant discounts you may take advantage of when buying or renewing an auto insurance policy. Among them are:

- a defensive driving\mature driver course discount, professional discounts, safety\anti-theft devices, low mileage and college student discounts. Some auto insurance brokers also offer renewal discounts.

Always remember to:

  • get an auto insurance quote from several companies and compare them. Different insurance companies take different things into account when quoting, and these days more insurance brokers provide comparison quotes online.
  • try to maintain both a good driving record and good credit.
  • find out the price of insuring a car before you buy it. What you pay for auto insurance depends on the price of the car and its features, e.g. cars equipped with an airbag will always be cheaper to insure.
  • if your car is older it makes sense to give up collision and comprehensive coverage to the lower insurance price.

Car Insurance Policy
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  • auto insurance coverage may overlap with other insurance products you already have, like an umbrella insurance policy, which often pays for liability on your car. Other duplicate insurance might include: personal injury coverage within your auto insurance and health insurance, or towing coverage within auto club benefits of which you are already a member.

See also: auto insurance cost, insurance quote online, auto loans, gap insurance

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