How Can I Reduce My Auto Insurance Premium?
Answer:
Insurance companies tend to reward good drivers and offer discounts for safety.


Many insurers will reduce the premium after you’ve taken a defensive driving course. Not only will you be a safer driver, you won’t pay as much for insurance.

If your car has safety equipment or items that reduce the likelihood of theft, you may qualify for a further rate reduction. For example, if your car has anti-lock brakes and daytime running lights, it could qualify for a discount. Likewise, VIN-etched windows and alarm systems deter thieves which make your car less likely to be stolen.

Raising your deductible can effectively lower your premium. If you currently have a $100 deductible ask your insurer what your rate would be if you increased it to $500 or $1000. If you raise your deductible and don’t have any claims during the year, you’ll be money ahead.

Another way to reduce your premium is by dropping comprehensive and collision coverage on an older car. If your car is only worth a few thousand dollars it doesn’t always make economic sense to carry full coverage on it.

Since insurers use your credit score when determining rates, it pays to pay your bills on time and maintain a good credit score.
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