You have heard the commercials. They tell you that you are paying too much for your car insurance. I think we get bombarded with those commercials so much that we never really do anything about it. I love the Gieco cavemen, but it never makes me call my insurance guy and get a new quote. I think I should though. They truly are a lot of ways to save on your insurance rates. I'm probably paying more than I have to and you most likely are too. Here are some ways to cut down that rate.
# 1 Ask for discounts
You never know. Most of us have heard of the multi policy discount or the 'I do not drive a lot' discount, but there are usually many more. If you are a Veteran you may get a discount or even a member of different groups can sometimes get a little extra discount. Ask. It will not hurt and you might just qualify for one of these hidden gems.
# 2 Keep your record clean.
Do not get tickets, plain and simple. If you already have some, start now to get the record cleaned up. It can save you anywhere between 15% -25%. That's huge and worth following the law.
# 3 How much do you want to spend if you get into an accident?
You have to have a certain amount of coverage that will cover the other person if you get into a wreck, but you can lower your own coverage if you want, especially if you own the car outright. But be careful. You could end up paying big bucks out of pocket if you are under insured. A good rule of thumb is that that is your car is pretty old you may what to take the chance.
# 4 Get anti-theft devices
These things like Lo-Jack and other security systems will absolutely give you a discount with your insurer, maybe even as much as 20%. It's worth looking into. Not to mention the fact that your car will not get ripped off and hike up your rates. Win-Win.
Think about implementing a few of these things. You will not be sorry and if you did just two of these things I think it's safe to say you would save some kind of money.