Comprehensive coverage doesn’t mean complete coverage.
While comprehensive coverage may sound like coverage that will cover you in every situation, this is certainly not the case. Comprehensive coverage simply means you are covered in scenarios other than collisions. Theft, flooding, vandalism, and fire damage are examples of when comprehensive coverage will help you.
Your car effects your rates.
The car you drive greatly effects what you will have to pay to get your car covered. If you have a fast, small car you will probably find yourself paying a higher premium for your auto insurance. On the other hand, if you are driving a mid-sized car with all the safety features, your rates will be significantly lower.
Your credit score effects your rates.
This may sound a little strange at first, but it is an effective way for auto insurance companies to judge one’s responsibility. Not only does is this a good indicator of if you will pay on time or not, but it is also an effective judge of character, something auto insurance companies find very important.
The higher your deductible the better.
If you believe you are a good driver, a high deductible may be a good choice for you. Deductables are what you have to pay out of pocket in case of an accident before the auto insurance kicks in. It’s best to choose the highest deductible you believe you can afford at any given time. Doing so will greatly reduce your premium.
Pay semi-annually rather than monthly.
If you are willing to pay 6 months in advance, or even a year in advance, for your auto insurance coverage, you will be able to save a great deal.
Letting your policy lapse can be costly.
When a insurance company sees a someone that has been driving without auto insurance, especially since it is required by state law, they will consider you irresponsible, and often times they will make you pay for it. If you are switching companies, make sure you have a replacement set up the day your current policy expires to avoid extra charges. (And never, ever let your auto insurance lapse!)
You can ask for discounts.
Before signing for auto insurance with a particular company, don’t be afraid to ask for discounts. You’d be surprised what discounts you qualify for. You may even be able to get a discount just for asking.