Insuring multiple cars with the same company will save up
to 30%. You could also get a small discount by bundling
home and auto insurance with one company.
Dropping collision coverage will save 15-30%. If
your car gets totaled you would need to buy a replacement car, so
this idea is perhaps best used with less valuable cars.
Another way to save is to raise your deductible on
collision coverage (and then drive very safely!)
Dropping comprehensive coverage will save up to 15%. It
mostly covers theft and occasionally the damage caused by bad
weather, fire, and vandalism. If you have a visible
anti-theft device such as a car alarm and you park with
reasonable caution, the chances of your car being stolen are very
small in most areas. Most thieves will just move on and
steal an unprotected car.
Good citizen discounts could save 20% or more. These
discounts are often available for distinguished professionals,
students with at least a "B" average, and people who have good
credit scores (or who have cleaned up previous bad score.)
A low mileage discount could save up to 10%. These
are usually available to people who drive less than 7,500 miles
Be sure to shop around. J. D. Power has the most unbiased ratings of insurance
companies that we've seen.Consumer Reports used
to offer an unbeatable service that compared insurance prices,
but unfortunately it's no longer available. Fortunately, several
other sites compare low-cost auto
are two good places to start. InsWeb has been the consensus
leader in comparing online insurance quotes ever since
they joined forces with Quicken Insurance. We are hesitant to
recommend Progressive because it's a private insurer, and we aren't sure that
their rate comparisons are as unbiased as they claim. But they do compare
rates from several major insurers that you may not see on InsWeb, including
State Farm, Allstate and Farmers Insurance.
You might also call a local independent agent or two to
see if they can find you an inexpensive policy from a company
that isn't online.
Remain accident-free to save up to 20%, or perhaps even
more if you previously have had a bad driving record.