Low Cost Car Insurance

With the pressure of the flailing economy, auto insurance prices are quickly becoming unaffordable, but here are some tips to help deflate that hefty charge!

First, A clean driving record can help save you a bundle, so avoiding traffic violations and driving safely will fatten your pocket book.

Second, the good student discount can save a full time college student up to $200/year! To qualify, you must be under 25 years of age, maintain a 3.0 GPA *or* be on a scholastic achievement listing (ie dean’s list) *or* be in the top 20% of your class *or* score in the top 20% on a scholastic achievement test (ie SAT, ACT, GRE).

Third, if you’re unable to afford insurance altogether, you might be able to take advantage of the Low Cost Automobile Insurance program. Applicants qualify based on vehicle value at time of purchase, household income, and a good driving record.

Fourth, you can accessorize your car and save! Many auto insurance companies offer discounted insurance rates upon the installation of anti-theft devices and emergency response systems. Even safety devices such as air-bags can net you a discount on your insurance, so be sure to discuss this with your insurer.

Fifth, if you’re insurer offers you the option to pay your premium over an extended period of time, it will actually be cheaper to pay the entire sum up front, as these extended plans are often accompanied with numerous service charges for each payment. You should at least be aware of what these service charges are.

Sixth, is your car worth less than $1000? If this is the case, it might be more cost effective for you to drop comprehensive or collision coverage because any claim you make will likely not exceed the annual premium cost and any deductible costs associated with your policy.

The seventh and final tip is an obvious one: shop around! The internet is a great resource for comparing the rates of several different insurance companies, and even those that do not offer automated insurance quotes will be happy to give you a quote over the phone