1. Combine your policies – When you put all of your insurance policies with one company, you could save up to 20%. Not only can you save money, but it makes it easier to keep track of your policies.
2. Consider a higher deductible – One way to save money on your auto policy is to increase your deductibles. The deductible is the amount of money you have to pay before your insurance company picks up the rest of the bill from a covered loss.
3. Paid-in-full discount – Most companies offer a paid in full discount if you pay your auto insurance in full for the year. Not only would you receive that discount, but you would also avoid the billing fees that some companies charge each time a bill is mailed.
4. Maintain a good driving record – Many insurance companies will offer discount after 3 years of being accident and ticket free.
5. Maintain a good credit score – It is no secret that a high credit score will get you a lower interest rate, but did you know that it can also lower your insurance premium? An insurance score is developed from credit related information including: types of accounts, balances, dates opened, and account activity. Insurance scoring has shown to be an accurate predictor of future expected losses, therefore most insurers use your insurance score as a significant factor in determining your rate.