Money-Saving Auto Insurance Tips

Auto Insurance Tips BirminghamIf you have a car, then you need to have auto insurance. Otherwise, your investment will be at risk and a single accident can mean you will be out a great deal of money. The good news is that there are some things you can do to save money on your car insurance.

Hold Multiple Policies with One Insurer

Just like bundling your cable, phone, and Internet, bundling your insurance plans can save you a lot of money. This means that if you already have home or life insurance, you should try to get car insurance from the same company. It will typically offer some sort of multi-policy discount, typically 10 percent or more.

Drive Safely

Most people know that you pay less on your auto insurance if you have a better driving record, but it actually goes deeper than this. You may not realize it, but there are three main types of auto insurance companies. Some insure the worst drivers, others take the best drivers, and the last take everyone else. The companies with the worst drivers tend to have the highest rates while those with the best drivers get the lowest fees. The final group pays insurance rates somewhere in the middle, but they could typically qualify for a company with better insurance. If you have a clean driving record, take some time to make sure you aren’t paying more than you should.

Look into Discounts

The available discounts will vary greatly from insurance company to insurance company, but most people qualify for at least some. You may get a discount if you have automatic seatbelts, anti-theft devices, antilock brakes, or airbags. There are also discounts for good students, people who take public transportation to work, and those who drive less in general. You may even get a discount for taking some sort of defensive driving course.

Between all of these discounts and tips, you can easily save a significant amount of money insuring your Honda over the course of a year. Use that savings to get a better model from Brannon Honda in Birmingham, Alabama, or simply put it in the bank.