Save on Car Insurance

Car Insurance is necessary in order to protect yourself and your car, but there are ways to minimize the expense. Here are a few tips to lower your annual cost of auto insurance.

Always know what your bluebook value is.  This is the maximum value of your car to the insurance company if they need to settle a claim.  If you have a clear idea of the value of your car, you will not make the mistake of over-insuring it.
 

If you drive an old car, drop collision and comprehensive.  If you drive a brand new car, make sure you have collision and comprehensive.  You want to make sure that your payout is less than your payoff.  That means that if you pay a lot for comprehensive & collision, but the insurance company would only pay you a low bluebook value, you’re spending money that would be better off in your savings account. 
Don’t let the insurance companies scare you.  Do you really need a rental car rider in your insurance policy?  When was the last time you needed something like that?  Never?  Well, then, take the risk and don’t get it.
Raise your deductibles.  Remember, insurance is all about risk.  If your risk of accident is low, then raise your deductibles.
Take a driver safety course if you haven’t had one for a long time and make sure your insurance company knows you took it.
If you have teenagers at home, don’t add them to your policy.  It would be much better for them to get their own insurance policy.  What, You say?  That would be way too expensive?  What better way for a young person to learn responsibility than to have to earn it the hard way, instead of getting it easy from mom and dad.
Put in a security alarm system, if its practical.  Check out the cost of putting in a car alarm (if it’s a new car) vs. how much discount you can get on your insurance rates.
Improve your credit score.  Yes, insurance companies check that now.  The better your score, the lower your insurance.    Check out this website for tips on improving your credit score  www.myfico.com

Drive Less  - The fewer annual miles you drive, the lower your rate might be.

Check to see if the insurer has a program for good drivers.
If you get a ticket, either take the driver safety course or contact a ‘Traffic Ticket’ Lawyer.  Do what you can to have the ticket dismissed.
 

Always get multiple quotes for your insurance policy.  For the same zip code in Miami and the same limits, I got quotes ranging from $496 bi-annually to $837 bi-annually, all from well known insurers.  It pays to shop around.

Insureme is a great place to get free quotes since they always give quotes from big name insurers.
www.insureme.com