How to save money on Auto Insurance Rates.

Camie Sims

February 1, 2011  •  1 Minute Read

Insurance

It’s the time of year when everyone is looking for money saving tips - and making sure you’re not paying too much on auto insurance is a great way save money.   Here are three money saving tips that you can use to lower your auto insurance:

1. Shop around for insurance quotes. Make sure to compare auto insurance rates.  There are many auto insurance companies, insurance agents, and insurance brokers to choose from.  Each auto insurance company prices car insurance plans differently, so make sure that you get insurance quotes from multiple sources to ensure that you get the lowest possible price.
2. Improve your credit.  Your credit score has real impact on the cost of your car insurance.  Nowadays, your credit rating can affect how much you pay for everything, from mortgage rates to the cost of your cell phone plan for a Blackberry or iPhone. Regardless of the type of insurance, car, health, or even life, your credit score can have an effect.  Before you go shopping for insurance make sure you get a copy of your credit report.  There are many online credit report sites that can quickly provide you with your credit score.
3. Keep a Good Driving Record.  Slow down and protect your driving record.  When you get in an accident, the auto parts are the easy thing to repair; fixing your driving record is nearly impossible.  Checking your driving record is the car insurance company’s way of doing a background check on you.  Speeding tickets and accidents, regardless of who is at fault, can have negative effects on how auto insurance companies look at you. A good driving record is a great way to get a cheap insurance quote.

If you truly want cheap insurance, whether you drive a truck or a motorcycle, these tips can help you save money on auto insurance.