Buying Auto Insurance Is An Important Part Of Your Overall Financial Planning. The Auto Insurance Premium Rate Varies Depending On The Company And The Type Of Policy Coverage You Choose To Have. Here Are Some Guidelines To Lower The Cost.bShop Aroundb- Compare The Costs By Shopping Around At Least Four To Five Insurance Companies And Comparing The Quotes. Take The Help Of Your Friends, Relatives And Yellow Pages. Your Insurance Company Should Offer Fair Price And Posses Excellent Service Records. Check The Financial Ratings Of The Company As It Indicates The Strength And Stability Of The Company.bAsk For Higher Deductiblesb- Deductible Is The Amount Of Money That You Pay Before Making Any Claim For An Accident. The Collision And Comprehensive Coverage Are Sold With The Deductibles. Higher The Deductibles Lower Will Be The Premium Rate. Increasing The Deductible From 200 To 500 May Reduce The Cost By 15 To 30 Percent.bDrop Collision And Comprehensive Coverage On Older Carsb- If Your Car Is Worth Less Than 10 Times Your Premium In The Current Market, Consider Dropping The Collision And Comprehensive Coverage.bBuy Auto Coverage From Your Existing Insurerb- Buy Insurance Coverage From Your Existing Carrier. This May Help You To Reduce The Cost. Sometimes Low Rates Are Available For The Longtime Customers.bAvoid Double Health Coverageb- If You Think That You Have Enough Health Insurance, And Then Avoid Health Coverage With Your Auto Policy. This Will Help You To Reduce The Cost.bMaintain A Good Credit Recordb- Insurers Are Using The Credit History While Determining The Price Of Insurance. Statistically, The Lower Your Credit Score, The More You Are Likely To File Claims. A Person With A Good Credit Score Is More Likely To Settle The Accident Without The Support Of The Company. Try To Maintain A Good Credit Record.bDiscounts With Low Profile Carb- Cars That Are Expensive To Repair Or Attractive To Thieves Will Have A Higher Rate. Consider Buying A Low Profile Or Average Car As It Your Insurer Might Come Up With Discounts For Such A Car.bTake Advantage Of The Low Mileage Discountb- Obtain Some Discount On Premiums By Driving Less Than The National Average Mileage Recorded Per Year.bConsult About Group Discountb- Sometimes You Can Get Some Discounts On Group Plans Provided By Your Employer, Or A Business Groups, Or Other Associations. Find Out Whether Such A Plan Is Available.bSeek Car Safety Discountb- Some Insurers Offer Discount If You Keep Your Car Equipped With Air Bag, Anti-lock Brakes, Anti-theft Devices, Automatic Seat Belts. Take Advantage Of This.
