11 Money Saving Tips

How to Get the Most for Your Money: 11 Ways to Save Money on Your Car Insurance...

So you’re shopping around for auto insurance. What do you need to know? Well, there are lots of ways – at least 11 – that you can save money. Many of these money-saving ideas may apply to you.

  1. One Insurer, Multiple Policies – Do you have a homeowners or renters insurance policy? If so, is it with the same insurance company that provides your auto insurance? If the answer is no, you’re paying too much – for both policies. Almost every insurance company that sells auto insurance wants its policyholders to also buy homeowners or renters insurance from that company.

    These insurers offer so-called multi-policy discounts. Usually, these discounts are at least 10% and some insurers apply the discounts to both the auto and the homeowners/renters
    policy.

    * Tip.
    Talk to your agent about multi-policy discounts.
     
  2. Good Driver, Good Price – It’s no secret that the better your driving record, the less you will pay for auto insurance. But did you know that most people qualify as “good drivers” and are eligible for discounted premiums? Some good drivers pay a lot more than others, however.

    Many auto insurers are actually a collection of several insurance companies in which each caters to a certain
    type of driver. The worst drivers go in one company, the best in another, and a lot of people wind up in one of the middle companies.

    These middle people pay less than the worst drivers, but more than the best. The thing is, many of these middle people have driving records that are just as good as those who are
    insured by the companies that offer the lowest rates. Yet these middle people are paying more. Why?