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5 ways to save on car insurance

· car insurance,Auto Insurance,insurance

By Brad Grier, Insurance Advisor

Most of us are always looking for ways to save money however we can. We cut back on eating out, turn the A/C down to save on the utility bill, shop the sales at our favorite department store, but one area often overlooked is auto insurance. If you think car insurance is a set cost, it's time to rethink that idea. With some persistence and education, there are discounts and better deals to be taken advantage of. Here are my top five ways on auto insurance:

1. Choose the right vehicle.

If you're shopping for a new car, consider how the car you buy will affect your auto insurance. More expensive, bigger engine, large SUVs and high-performance cars come with more expensive insurance. The difference in insurance costs can equal thousands of dollars over the course of a few years. Consider a less-expensive car option with fewer high-end features and you will get a reliable new car with a much cheaper insurance rate.

2. Improve your credit score.

I cannot stress this one enough. When I mention this to my clients, about fifty percent of them have no idea insurance rates factored in credit scores. My favorite free tools to keep track of my credit score are and

Having a higher credit score can save hundreds a year on your car insurance. I see it everyday.

3. Increase your deductible.

If you increase your deductible from $250 to $1,000, you can normally save quite a bit off your annual insurance premium. But, before you make the move, make sure you have the extra $750 in savings in case of an accident so you don't deplete your emergency fund. It's also a good idea to quote various deductible changes because not all insurance carriers are the same. With some carriers there are large price differences while others are minimal.

4. Remove coverages.

If you don't have a loan on your vehicle, you're not required to have full coverage. Dropping comprehensive and collision coverages are normally more than half the total cost you pay in insurance premium.

Other coverages include towing and roadside assistance. The cost of these are not huge in comparison to comprehensive and collision coverages, but when looking for savings, every little bit is worth your consideration.

5. Shopping for your car insurance

This is one of the benefits of having an independent agent. Independent insurance agents like us do not benefit by selling one policy over another. Having the ability to shop multiple carriers will ease the pain in your hunt for the best bang for your buck. We also pride ourselves in giving advice to make sure you're adequately and properly covered, without overspending on extra coverage you do not need.

When you're looking to save on car insurance, it all comes down to research and knowledge. Take a little time to review your coverages with your agent, and in the long run you will have the protection you need and a much better cost.

Brad Grier, Insurance Advisor

[email protected]

256-766-2222 x8003

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