Most people just blindly renew their auto insurance policy when the current one ends. Doing this most likely costs you $100’s of dollars a year that you could be spending on something more important than auto insurance coverage. Although there are many things to consider when purchasing auto insurance there are a few key ways you can save big.
The single most important way to save huge money on auto insurance coverage is to shop around. The insurance industry is every changing and prices fluctuate a lot from carrier to carrier. Every time your policy is up for renewal you should get online auto insurance coverage quotes to be sure you are still getting a good deal.
Another factor that plays heavily on the rate you pay is your vehicle. For obvious reasons if a car is more expensive it will cost more to insure because it costs more to replace or fix if need be. But even if your car is a more expensive model there are still ways to save. You can get discounts for having an alarm system or other features.
Your driver’s record and the drivers record of anyone else on the policy will also weigh in on the auto insurance coverage rate you pay. Most carriers look back a few years for tickets and accidents but their policies can vary widely so be sure to get several quotes if you have either. Alternatively, if you have a good driving record you may be eligible for a good driver discount.
Aside from the factors already discussed some of the other things that may affect your auto insurance coverage premium are age, sex or credit score. Usually people less than 25 pay a higher price for auto insurance and it is usually more for males than females. Although credit has little to do with driving most auto insurance companies do believe it measures responsibility so they use it as a criteria.
Aside from the key factors in determining auto insurance there are many other ways to save. Be sure to ask about discounts that may be available. Discounts can range from safe driver discounts, car safety discounts and even discounts for being a part of certain clubs or organizations.
Every company has different kinds of discounts available so you just have to find out which ones apply to you and can help you save big on auto insurance coverage.