posted by on Apr 8

Aside from the loudly touted safe driver discounts, there are other ways to save money on your auto insurance. Multi-car discounts are always good, but also consider your place of residence and employment. Most insurance companies will give discounts for where you reside. If you reside in a large city full of cars, traffic, thefts, and accidents you will probably have to pay a higher premium than if you reside in rural areas. Should you move if that is the case? Not unless you really want to. There are other ways to save on auto insurance.

Trading Down: Consider purchasing an automobile that may be slightly older but still has a good safety record. Most insurance insure according to purchase price and safety features.

Age: Insurance companies may give discounts for those who are 55 and older. Is there a driver under the age of 21? Think about excluding the younger driver from your auto policy, if you’re really hurting for money.

Driving Record: All drivers on the policy should have good, clean driving records for 3 or more years. If you happen to cover a driver with a not so outstanding driving record, exclude them from your coverage.

Driving Schools: Some insurance companies give discounts for completing an approved driving course.

Recreational and Seasonal Vehicles: Check with your insurance company to see if they offer policies on these vehicles that will cover them during the on season with a slightly lower premium for off season storage.

Dead Cars: A car that has been sitting, broken down for a year or so, should be dropped from your policy, provided it is in accordance with state guidelines. Sell it or you may be able register it as inoperable.

Credit: A lot of insurance companies will look at your credit. Keeping a clean credit history is almost as important as maintaining a clean driving record.

Buy a longer Policy: Instead of opting for the monthly payment option, with some insurance companies, you may benefit from paying your premiums every 3 to 6 months. Some insurance companies penalize the insured for monthly payment options.

Compare: Compare your policy with other insurance companies. Check the smaller ones as well as the larger more public ones. You may be able to find less expensive coverage through a smaller company. Plus you get the extra bonus of more personable service.

Finding ways to save money can be as easy as calling your insurance company and review your policy with them. Most insurance companies like your business and will try to work with you in order to keep you as a customer.

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