How to Reduce Car Insurance Payments

When it comes to automobile insurance, you can save a significant sum of money by asking the right questions and by taking certain steps.

Step One
Insure all your vehicles with one company to take advantage of multi-car discounts.

Step Two
Ask about multi-line discounts if you are also buying other lines of insurance.

Step Three
Know the value of your vehicles. Drop collision and comprehensive coverage on older vehicles you can afford to replace.

Step Four
Check before changing cars since rates on cars of equal value can vary.

Step Five
Ask about discounts for air bags, anti-theft devices, anti-lock brakes and similar equipment.

Step Six
Ask about discounts for drivers over 40 or 50, if applicable.

Step Seven
Select the highest collision and comprehensive deductibles you can afford.

Step Eight
Buy only coverage you do not already have from some other source such as an auto club.

Step Nine
Make an older, less valuable vehicle the primary transportation for younger drivers in your household.

Step Ten
Make sure younger drivers take driver's education courses.

Step Eleven
Notify your agent if your younger driver makes a "B" average or above in school, and ask about a "Good Student Discount."

Step Twelve
Ask about discounts for being "accident free" over a period of time.

Tips & Warnings

• Avoid getting tickets; you'll be eligible for the best possible insurance rate.
• Stay with a company that gives fair, friendly and economical service.
• Never lie about your driving record to reduce rates. Misrepresentation can invalidate a contract, and your insurance company can refuse to pay a loss.