Low Cost Car Insurance

We have all heard the advice from financial planners, magazines, and friends on lowering the cost of auto insurance. Shop around for the best discount. “Who has the time?” Take a defensive driving course. “So, I pay money to save money?” But what you don’t know is that there may be things that you are doing right now, with no extra effort or expense, that could add to your savings.

Combine Your Policies: Do you live in a home or apartment? Chances are you have insurance to cover your residence and the belongings. By having the same insurance company carry both policies you might be able to save on both your home and auto costs.

Cut out the Installment Plan: Most insurers charge a fee to their customers for the privilege of paying in monthly installments. If you can pay the entire year upfront, or even just six months at a time, you will be able to do away with those fees.

Association Discounts: The big one here is of course AAA. Most auto insurers will provide discounts to AAA Members. Also, if you are a member of AAA you can drop the option for towing from your auto insurance, since towing is included in their membership, for additional savings. There are other professional organizations that also provide discounts to their members, but usually these must be through a specific carrier. For example MENSA members can get a special rate through Geico.

Being a Responsible Adult: Many insurers will provide discounts to professions that they deem “safe.” Teachers, for example, often receive these reductions in their payments. So not only could your job save you a bundle if you prove that it makes you a safe bet, but if you car pool to and from work, you might be owed yet another cut in the overall cost of the policy.

it is possible to save money on your car insurance without spending hours on the computer researching different insurance companies. It is just necessary to be aware of the ways in which you can receive discounts without changing a thing.