Auto Insurance Rates - How To Save

During these tough times everyone is looking to save a dollar, and there are ways to save on your auto insurance as well. In addition to shopping around for the best auto insurance rates, there are a few tips you may not know to save you a lot of money. The article “Saving your green: How to save money on auto, car or truck insurance” by Evelyn Kanter on examiner.com shares some of these tips

1. If you have an older car, consider dropping collision
2. Buy your home and auto insurance policies separately or at least get two separate quotes to compare
3. Be sure you have sufficient coverage in case of a major accident otherwise it could cost you big in the long run
4. Look for companies that offer discounts for hybrid cars if you are driving one
5. Consider paying a small claim yourself instead of contacting your insurance company
6. Avoid purchasing exotic sports cars or cars perceived as unsafe

Although all these tips may not save you money, it’s important that you are educated in how your rates are determined so you can be the informed consumer. An informed consumer is often times a richer consumer. Now more than ever we need to be looking for every little way we can save money.