Auto: Money Saving Tips
Before you buy a new or used car, check into insurance costs. Cars that are expensive to repair, or that are favorite targets for thieves, have much higher insurance costs.
Buy a "Low Profile" Car.
Consider Insurance Cost When Making a Move. Costs tend to be lowest in rural communities and highest in cities where there is more traffic congestion.
Inquire About Other Discounts. Some insurers offer discounts for things like no accidents in three years, drivers over 65 years of age, driver training courses, good student (youthful with a “B” or higher average), anti-theft devices, and having more than one car insured with that company.
Ask for Higher Deductibles. Deductibles represent the amount of money you pay when submitting a claim. By requesting higher deductibles on collision and comprehensive coverage, you can lower your costs substantially.
Drop Collision and/or Comprehensive Coverage on Older Cars. It may not be cost effective to have collision coverage on cars over ten years old, because any claim you make would not substantially exceed annual cost and deductible amounts.
Take Advantage of Low Mileage Discounts. Some companies offer discounts to motorists who drive fewer than 7500 miles per year.
Take Advantage of Homeowners/Auto Insurance Discounts. Many times companies will offer discounts to motorists who package the homeowners with the auto.