Tips to Having Cheaper Auto Insurance

These are necessary tips all car owners looking to buy insurance should know. We asked some auto insurance experts at Greater National Group and they revealed some of these tips.

Drive "Low Risk" Cars

If you are driving an old car, the premium rates for such a car will be determined largely by the past claims history of the vehicle. With such information, the insurer is able to ascertain the risk level of the car being stolen or involved in an accident. The more expensive a car is, especially for new cars, the higher the premium on it.

Do Your Research on Premium Prices

The standard for coverage on auto insurance may be the same in your city, state, or even country. This doesn't apply for premiums as they are uniquely fixed by the insurer. It's best you do a detailed research on premium pricing for different insurers to ensure you are getting the best base price.

Multi-Vehicle Discount

If you own more than one car, ensure you insure all of them on one policy. Many insurers offer discounts for such arrangements. They also do this if you insure both your home and car with the same company. This is sometimes known as a "multi-line discount". These discounts go a long way in helping you save money.

Increase Deductibles

The basic idea for buying insurance is to take care of damages or loss you cannot afford. So instead of relying on insurance for everything, increase your deductible to like $1000. This means you would take care of any damage below this amount; the higher your deductible, the lower your premium rate.