Lower Auto Insurance Rates - 10 Easy Ways

With the rising costs of auto insurance policies, consumers are on the lookout for lower auto insurance rates. But the fact is, finding cheap auto insurance rates isn't enough. But not to worry, here are ten ways to save on your auto insurance policy:

1. Shop Around for auto insurance rates

Without a doubt, shopping around is the best way save money. All it takes is a few phone calls or better yet, an Internet connection to compare auto insurance rates. And believe it or not, the price difference alone may be big.

2. Buy a "low-profile" auto

Consider this: buying an expensive auto will certainly increase your risk rating. Factors such as theft and repair costs are two common factors that will lead to higher auto insurance rates. So if you want lower auto insurance rates, go for an auto that won't attract attention and meanwhile has a cheap sticker price.

3. Increase Your Deductibles

Increasing your deductibles is another good way to get lower auto insurance rates. Choose the highest deductible you can afford while keeping in mind to set aside money for it. Increasing your deductible by a few hundred dollars will decrease your auto insurance premium significantly.

4. Take Advantage of Low-mileage Discounts

Many auto insurance companies offer discounts if your mileage is under a certain limit. Consider using public transportation occasionally to limit your driving. It also helps to keep track of your mileage consistently.

5. Reduce Coverages on Older Autos

Go for practicality. If your auto's value is much lower than your insurance premium, you should consider dropping certain coverages such as the collision and/or comprehensive coverage. This should lower your auto insurance premiums.

6. Install Safety And Anti-Theft Devices

Most auto insurance companies have policies that grant discounts for autos with safety features such as airbags, anti-lock brakes and automatic seatbelts. Likewise, autos with anti-theft devices installed such as an auto alarm and/or a tracking system will also get lower auto insurance rates. This is due to the fact that additional security helps prevent theft thereby, reducing the risk rating.

7. Verify Your Credit History

Auto insurance companies are strongly bent on checking your credit history. If you boast a solid credit record, then chances are, you will be offered lower auto insurance rates than usual. But keep in mind, you must correct any credit discrepancies you have on your credit reports to ensure that all your financial information is accurate.

8. Ask about Multi-policy/Multi-family Discounts

Buying more than one insurance policy from the same company entitles you to discounts. For example, if you insure both your auto and home with one company, they will probably give you a good discount. This is also true for auto insurance, if you insure more than one auto under a single policy or with the same auto insurance company.

9. Inquire about Group Insurance

Some auto insurance companies give discounts to persons who acquire their auto insurance policy from their employers through the use of a group plan. For instance, members of the American Automobile Association (AAA) are given a significant discount. Check with an association that you belong to see if your group is eligible for a discount.

10. Ask for Other Discounts

There are many other opportunities for discounts. This can be as simple as showing proof that you took a defensive driving course and/or having a clean driving record. Also, drivers who are above the age of 50 are qualified for a discount. You will also get a discount if you insure a young driver who is a good student and has taken a driver's education course.