Four Ways to Save Money On Car Insurance

When it comes to saving money on auto insurance, there are several tips and tricks you can follow.  Here’s a closer look at these tricks and how you can use them to lower your premium amounts.

Set up auto pay

Many insurance companies will allow you to earn a discount if you set up your premiums to be paid automatically out of your checking or savings account each month.  It might not be a huge discount, but even $5 a month adds up to a total savings of $60 a year.  

Opt for liability insurance

There are three basic types of insurance:

• Liability
• Liability with comprehensive coverage
• Full coverage

Full coverage is usually the most expensive with liability being the cheapest.  If you have a car that is valued under $5,000, you might want to consider investing in a liability-only policy or liability and comprehensive coverage.  While full coverage is nice to have, being that the premiums are higher than liability coverage, it may be more reasonable to invest in a cheaper policy being that the car isn’t worth very much.  An insurance agent can help you decide whether or not to invest in full coverage. 

Ask for special discounts

Depending on where you live and what you do for a living, you may qualify for certain discounts.  Take for instance that you’re a full-time student at a local college.  Being a student with good grades usually qualifies you for a discount of anywhere from five to 20 percent. The more claims you make, the higher your rates will be.  Thus being accident-free is sure to keep your rates lower.  

To learn more about saving money on your auto insurance, contact us today!