Auto insurance companies may offer low premiums for various reasons. One of the most common ideas to save money is raise their deductibles. Your deductible is the amount you'll have to pay in case of damages. If your deductible is $1000, that means you'll pay the first $1000 on repairs before the insurance company kicks in.
With a higher deductible, you will have lower deductibles. Also, having an anti-theft device like an alarm, even a passive one, will definitely help reduce your premiums.
If your family has more than one car, you are probably eligible for a multi-car discount. Of course, there's the obvious idea of purchasing the minimum coverage on a second or third vehicle, especially if one car is the "primary" vehicle.
Insurance companies often offer discounts to members of certain organizations or professions. Certain medical professionals, members of law enforcement, and other groups are usually eligible for this discount. You should ask your insurance agent what is available and have them explain the discounts offered by your particular firm.
You may also be able to receive a discounted rate if you attend a defensive driving course. Teenage drivers can receive sizable discounts by participating in driver education classes; if they maintain an excellent academic record, they will likely also qualify for a good student discount.
Cheap auto insurance is definitely a possibility! If you use these tips and take advantage of all of the many resources available to you on the internet, you're well on your way to minimizing your premiums and saving a lot of money!
