6 ways to save on car insurance

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The key to lowering your premium lies in how you drive, what you drive, and the coverage you choose. 

1. Keep a clean driving record
2. Choose your vehicle wisely
3. Rethink how you use your vehicle
4. Review your coverage
5. Look for discounts
6. Speak to your insurance provider

1. Keep a clean driving record

Your driving record helps determine your auto insurance rate. Protect your driving record and you could see savings.

  • Maintain a conviction and accident-free track record.
  • Take the speed limit seriously. In some cases, speeding and other moving violations may mean you pay more.

2. Choose your vehicle wisely

There’s flexibility in your choice of coverage limits and deductibles, but you do need to be smart about what you choose:

You might find a great deal on a new car right now, but you might have to brace for sticker shock when you buy your insurance policy. Luxury automobiles can be expensive to insure, for example, because they are more expensive to repair and replace.

3. Rethink how you use your vehicle
Insurance rates vary depending on how much you drive and for what purpose. To keep your insurance costs down:

4. Review your coverage

There’s flexibility in your choice of coverage limits and deductibles, but you do need to be smart about what you choose:

5. Look for discounts

Review your automobile policy annually and hunt for a good deal. And don’t forget to ask about discounts.

  • If you’re a member of a professional group or alumni association, you may qualify for special rates with a particular insurer.
  • Your employer may have negotiated a group discount with an insurance provider.
  • You may be eligible for special rates if you have both home and automobile insurance policies with a single provider.

6. Speak to your insurance provider
As your life changes, so do your insurance needs. If you haven’t spoken to your insurance provider for some time, call to find out about ways to save that make sense for you.