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Time For A New Auto Insurance Policy? 4 Ways To Save You Money

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Now that the new year is just about here, it's time to start thinking about your auto insurance. This is particularly true if you're not happy with your current insurance policy. Before you start shopping though, make sure you're armed with enough information to help you get the lowest rates – for the best coverage – possible. After all, low rates aren't very helpful if you don't get the services you need. Here are four tips to help you get low rates on quality auto insurance.

Look for Discounts

If you haven't asked about discounts, you're leaving savings on the table. When it comes to lower insurance premiums, you can't afford to waste those discounts. Depending on your circumstances, you could be looking at discounts for your line of work, your age, or even your level of education. Before you choose an insurance policy, be sure to ask about the discounts you qualify for. Don't be afraid to shop around for discounts either. Some carriers have different discounts available that will save you even more money.

Improve Your Credit Score

If you've got less-than-perfect credit, you're probably paying more for your auto insurance. That's because most insurance companies save their best premiums for customers with good to perfect credit. Before you shop for your next insurance policy, work on raising your credit score – especially the late-pays and the collection accounts. The improved credit score will improve your opportunity to save money on your auto insurance.

Get Defensive

If you haven't taken a defensive driving class, you need to do that. Getting defensive about your driving skills will allow you to cash in on lower insurance rates. If you've got kids who'll be driving soon – or are already driving – sign them up for defensive driving classes, as well. There are discounts and cash savings available for drivers who have taken behind-the-wheel driving classes.

Increase Your Deductible

If you haven't used your insurance in a while, and you have a low deductible, it might be time to get an increase. Paying a higher deductible can actually lower your insurance premiums. One way to prepare for the higher deductible is to place the amount of your deductible into a savings account. If you're ever in an accident, you have the deductible ready.

You don't have to pay an arm and a leg for your auto insurance. Use the simple tips provided here to help you save money on your next policy. Contact a company like Wolf Insurance Agency for more tips.