How Can I Reduce My Car Insurance Rates?
Insurance companies often discount car insurance rates in order to encourage good driving practices and the use of safety and security precautions. You may be able to lower your rates from 5 to 35 percent depending on your car insurance company.
Car insurance companies generally offer discounts for:
Safety Features, such as anti-lock brakes, air bags and automatic seat belts.
Defensive Driving, meaning a clean violation record, driver's-ed courses for teenagers and defensive driving or accident prevention courses for adults.
Security Systems such as alarms, electronic locks and disabling devices.
Not Drink and Drive. A discount for this varies among insurers and states.
Buying other insurance policies from the Same Company. Check into the cost of carrying other policies by one insurer. Your agent can guide you as to which insurers offer discounts.
You can also lower your car insurance rates by requesting higher deductibles, or the amount of money you pay before you make a claim. Increasing your deductibles on collision and comprehensive coverage from $100 to $250, or even $500, will bring your rates down. Moreover, you may not need collision and comprehensive coverage if you drive an older car. Ask your agent which discounts car insurance are available to you.