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Tips To Save On Auto Insurance

Insurance premiums vary hugely between companies and agencies, but if you're willing to take some time and shop around, it's reasonably easy to find something affordable.

To get the best rates on auto insurance, we recommend these 10 money-saving tips:

Tip #1
Always maintain a good driving record. If you're one of those people who consistently breaks the law or drives too fast, your vehicle insurance rates are going to reflect the perceived additional risk of providing you with insurance.

Tip #2
Get competitive quotes from different insurance providers. The more you have to compare against, the better informed you'll be-and the more likely you'll get the best rates.

Tip #3
Check insurance costs before you buy a new vehicle. Find out which features increase insurance premiums and which ones lower them. Keep these things in mind and choose your new vehicle carefully!

Tip #4
Choose higher deductibles. This could reduce your vehicle insurance costs by 15% to 20%

Tip #5
Consider buying vehicle insurance from the same company you have your home, accident or life insurance with. Many companies offer discounts to clients who buy more than one kind of policy.

Tip #6
Keep your credit record clean. Did you know some insurers take a look at your credit score before setting your rates? It is in your best interest to pay bills on time, keep loans to a minimum and keep credit balances low for the best credit score.

Tip #7
Don't duplicate coverage. Consider dropping medical payments coverage if you have a good health insurance policy. Because medical costs are so high, this could save you up to 40 percent on vehicle insurance premiums!

Tip #8
Choose where you live carefully. Due to risk of theft, sometimes living and parking your vehicle in a rural community or suburb costs less than in the city.

Tip #9
Take advantage of discounts like low-risk career, low mileage, car pooling, no violations or accidents, taking defensive driving courses or senior citizen price cuts.

Tip #10
Insure all your family's vehicles together, and check group rates through corporate organizations, community clubs, and professional or alumni bodies.

 


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