The 5 Best Ways to Save Money on Your Auto Insurance

When was the last time you checked auto insurance rates to make sure you were getting the best coverage at the best price?

In these tough economic times it's important to save money any way you can. Here are the 5 best ways to save money on your auto insurance.

1. Up Your Deductible

Raising your deductible is one of the best ways to lower your premium. Raising it from $250 to $500 can save you up to 30%. Raising it to $1,000 could cut your premium in half.

2. Check Out That Car

If your in the market for a new car, compare insurance rates for various makes and models before you buy it. The difference in the rate between a gas guzzling muscle car and a four-door family sedan could be hundreds of dollars a year.

3. Bundle Your Policies

Most insurance companies will give you a sizable discount - 10% to 15% - if you purchase both your auto and homeowners insurance through them.

4. Get Those Discounts

Auto insurance companies offer a variety of discounts to their customers. Some of these discounts include:

* Good driver discounts for drivers who haven't gotten a ticket or had an accident in the last 3 to 5 years.

* Safety features discounts for having safety features on your car such as car alarms, air bags, seat belts, and anti-lock brakes.

* Low mileage discounts for drivers who drive less than the national average.

* Internet discounts if you purchase your auto insurance policy online.

Ask your insurer to give you all the discounts you're eligible for.

5. Go Shopping

The absolute best way to save money on automobile insurance is to compare rates from different companies. The difference in rates from one company to another could be hundreds, even thousands of dollars a year for the exact same coverage.

The best way to get quotes from different companies is to comparison shop online, and the easiest way to do that is to visit an insurance comparison website. All you do is spend a few minutes filling out a simple online form, then wait for your quotes.

The best sites even have experts on call to answer your questions and help you get the best policy at the best rate.

Spending a just few minutes at an insurance comparison site can save you up to 70% on your insurance.

Visit http://www.LowerRateQuotes.com or click on the following link to get auto insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on auto insurance.