(Statewide) November 17, 2005 - With car insurance, you've probably heard you can get better rates by increasing your deductible. We're going to show you some ways you may not have thought of to save money on those high premiums.
Most of us pay hundreds of dollars a year on car insurance, hoping we'll never need it. But if you're in an accident, you want to make sure you're covered. How can you get the protection you need at the best price?
The first thing you need to think about, buy a safe car that's not prone to theft, check it out with the Insurance Institute for Highway Safety . Make sure it's very safe and make sure it's not on the top ten list of most stolen cars in SC.
Another tip, reduce coverage on older cars. If the car is worth less than $2,000, you'll probably spend more insuring it than it is worth.
It's a good idea to review your coverage each year at renewal to make sure you're not paying for coverage you don't need. Another way to rack up savings, cut back on your mileage. Some companies offer discounts to motorists who drive a lower than average number of miles a year.
"If you can car pool with folks and not drive as much and not have to be a higher risk for the insurance company you can, and when you're shopping around, make sure you ask about special discounts."
You can get discounts for things like insuring more than one car, no accidents in three years, taking defensive driving course, air bags, anti-theft devices, daytime running lights, student drivers with good grades...even just being a long time customer.
Remember, the key to savings is not the discounts, but the final price!
Even if you're an adult you can take a driver training course and save up to 10 percent on auto insurance. A couple of other tips, maintain a good credit record. Insurers are increasingly using credit information to price auto policies, and before you buy a car, find out how much the insurance is going to cost.