Factors Helping You Lower Car Insurance Rates

Sometimes getting the best rates on car insurance can seem like a big balancing act. There are so many factors that go into determining your car insurance rates – your driving record, your age, even your sex, can play a part in the kind of rate you are offered. But if you look at those factors as chances to help you get lower rates on auto insurance, there are as many ways to save as there are factors affecting your rates. Take a look at the following and see if you can find ways to save and get the best car insurance rates.

How to Lower Your Auto Insurance Rates

How far are you driving? If you change jobs or find yourself working from home, contact your insurance company and let them know. Losing a job is never good news, but you could save a bundle on car insurance.

Can you combine policies? If you have auto and home insurance policies with the same company, you could qualify for a multi-policy discount. If you’ve recently gotten married, thats another opportunity for car insurance savings.

Can you raise your deductible? It may not sound like the best idea in the world, but in the world of risk management, it may make sense to raise your deductible if the savings are comparable to how much more you would have to pay on a claim. For instance, say you raise your deductible from $500 to $1000. If raising your deductible saves you $50 quarterly in payments, that is a savings of $200 a year. Thats money in your pocket that, in two years, will equal the amount you would have spent if you had filed a claim. If you don’t have an accident in two and a half years, that’s a “good driver” bonus you can really use!

Of course, the best way to save on car insurance is to shop around for the best deal. Get a car insurance quote online from various insurance companies, and talk to your insurance agent and see if he or she will match the quote.