7 Tricks To Save Money On Car Insurance

7TRICKS MONEY to save ON CAR INSURANCE DID YOU KNOW? The average American hasn't changed auto insurance companies in 12 YEARS & more than a third of U.S. drivers never shop for new insurance. Men pay on average $15,000 more for auto insurance in their lifetime compared to women. The states with the highest and lowest Auto Insurance Rates for 2014 are: Louisiana ($ 1,277) Lowa ($ 630) Although their efficacy is still a subject of debate, at least four of the nation's largest insurers will give a discount on your car insurance if your vehicle has daytime-running lights. Owning and operating a vehicle accounts for the second-largest household expense, according to the Bureau of Labor Statistics. But, there is a way to EAU OF LABORS save hundreds of bucks on your car insurance. SHOP AROUND Prices vary from company to company. According to Bankrate.com, drivers overpay for auto insurance by as much as $368. So it pays to shop around. Get at least three price quotes. You can find numerous insurance quotes online, that's a hassle-free and convenient way to collect and compare. Many of them offer a discounted rate if you purchase online, so check out all your options and save. 1. SECURE YOUR CAR Safety-related bells and whistles on U.S. cars get lots of discount points from car insurers. Installed anti-theft and passive-restraint features like air bags, for example, score near across-the-board discounts. Insurers also like cars kept in garages overnight, because there is a higher risk of theft by keeping your car on the road. 21 CONSIDER CANCELING ÇOLLISION COVERAGE- If your car is 10 years old or worth less than 10 times the premium, the cost of repairing it could be more than the car is worth. You're likely better off cancelling your collision coverage and save up to 40% or as much as $440 a year by scaling down to just injury and property damage coverage. -THINK TWICE BEFORE ADDING YOUR TEENS ON YOUR POLICY According to a report released by InsuranceQuotes.com, car insurance costs 79% more for a married couple after they add a teen driver to their policy. More so if that teen happens to be a son: Car insurance costs 92% more for teenage males, but just 67% more for teenage females. This is because car crashes are the leading cause of death for U.S. teens, particularly males ages 16 to 19, according to the Centers for Disease Control. O insurancEQUOTES BUNDLE YOUR INSURANCE POLICIES Insuring your home and auto with a single company could bring your rates down by about 10% a year. A two-year nationwide study by Consumer Reports found that bundling home and car insurance would save the average customer $97a year. Consumer Reports -HIGHER DEDUCTIBLES The higher your deductible is, the lower your insurance premiums will be. If you can afford to have a higher out-of-pocket cost if something happens to your car, choose a $1,000 deductible instead of $500 deductible to save. 6. RATE JL37600226 A 001 000 MIND YOUR CREDIT SCORE- According to a study conducted by Wallet Hub, there is a 49% difference in the cost of auto insurance premiums for someone with excellent credit and someone with no credit history. W Wallet Hub Another study by Consumer Reports says, the average difference paid by drivers with good credit scores and similar Consumer Reports drivers with the best credit scores was $214. So any time your score improves, ask your insurer for a discount or shop around for another policy. 720 650810 GOOD FAIR 690 When it comes to saving on auto insurance, it's all about knowledge and research. If you're willing to invest in both to determine the many ways to trim, you'll be better off in the end. CAR INSURANCE Infographic presented by: www.CarlnsuranceMinimizer.com MINIMIZER SOURCES www.marketwatch.com/story/car-insurance-rates-rise-79-when-you-add-a-16-year-old-driver-2014-07-17 www.insurancehotline.com/10-quick-tips-to-save-on-your-auto-insurance/ http://time.com/money/3974935/save-money-car-gas-repairs-insurance/ www.consumerreports.org/cro/car-insurance/auto-insurance-special-report/index.htm?utm_content=buffer7b cd8utm_medium=socialutm_source=twitter.comutm_campaign=buffer www.cnbc.com/2015/07/20/drivers-missing-out-on-car-insurance-savings.html www.bankrate.com/finance/video/insurance/find-discounts-auto-insurance.aspx www.cbsnews.com/news/the-fuzzy-math-of-auto-insurance-rates/ 4. STATISTICS 140 國 可