What are some good ways to reduce insurance costs on your automobile?

Question

One example might be a 10% good student discount for a college student making a B average or better.

Answer 1

Multiple car discount, discount for insuring your home, also. Discount for Driver's Ed completion. Call your insurance agent. He/she can tell you all the discounts your company offers.

Answer 2

Raise your deductible. This is especially good for younger drivers where the premium difference can equal the difference in the deductible. Raising your deductible from $250 to $500 can often save $250 per year.

Take a defensive driving course. It's often the same one that you go to to have a minor speeding ticket dismissed. But if you don't have any tickets to dismiss, many insurance companies will give you a 10% or so break on your premiums.

Drive a car that has a better accident record, lower horsepower and isn't near the top of the car thieves' list of favorites. Switching from a Mustang to a Taurus or form a Corvette to an Impala can save a boatload. Driving a Ford Fusion instead of a Honda Accord (top of most stolen car lists) can also save you $$$.

Don't get involved in accidents. No brainer but it pays.

Don't get tickets. Another no-brainer. And if you do get one, fight it! A good attorney can often get a 10-over speeding ticket knocked down to defective equipment. The net cost (fines plus insurance rate increases vs the attorney's bill and the reduced charge) is often lower by getting an attorney.

Drop collision and comp on most cars older than 10 years old. Why pay $400 a year for coverage on a car that's only worth $2000?

Get uninsured motorist and underinsured motorist coverage, though. It does just what it says. And uninsured motorist coverage also pays you if you are the victim of a hit-and-run, usually with no deductibles. The cost is very low and worth every penny.

Complete a formal driver's ed course if you're under 25. Even in states where it's not mandatory over age 18, it can often save as much as 25% on your insurance -- often enough to pay for itself with the first year's savings.

Move to a lower insurance cost area. When I moved 15 miles outside the City of Boston, my insurance premiums dropped 75%!

If you live in a major metro area with good public transport, consider ditching car ownership altogether. Rent a car on weekends if needed.

Answer 3

First of all, if you want to lower your insurance, then you probably wouldn't want to get a sports car, a classic car, or a luxury car, because those will be pretty pricy to insure. I'd get an older car, say, one that was built in the 1980's to early 1990's. Those will cost less to insure, but you'd also have to make sure that they are still reliable. Some insurance companies offer safe driver discounts, and as you said, if you make good grades then that will give you a discount as well. But, be sure that you aren't in any wrecks or get any tickets, because that could make your insurance bill go through the roof.

Answer 4

raise the deductible. if the car is old maybe you do not need a full coverage any longer? safe driver or a multiple car discount. multiple insurances with the agency too.

Answer 5

Raise your deductible.If the car is old get no collision. Before buying check with your insurancebroker , certain models cost more

Answer 6

engineering degree
married
multiple auto policy
garage parking
anti theft device
good driver discount

Answer 7

Comparison shopping, defensive driving course, car alarm, daytime running headlights, multi car discounts. You can find more at http://www.nationwidebillrelief.com/autoinsurance.html

Answer 8

for like 30 dollars take a defensive driving course it lowered mine 65 dollars and took away that point on my license