Top 7 Cheap Auto Insurance “Tricks”

If you want to save a few bucks on your auto insurance, there are some specific auto insurance tricks you can do. Many folks pay way too much for their auto insurance, not realizing that there are usually a whole host of different discounts that they could take advantage of.

Of course, the biggest cheap auto insurance “trick” is to simply use the Internet to shop around and compare auto insurance rates online from competing insurance companies. Simply enter your zip code in on this page to get started right now!

Here are some of the top tricks for cheap car insurance when it comes time to renew your policy:

#1 Multi-Car Discounts

One of the best tricks to lower auto insurance is with a multi-car discount. In many cases, simply adding that second car in your household can save you as much as half on the second policy. If you have a second vehicle in your family, check into having them both insured at the same place. Fortunately, this isn’t the only trick to lower car insurance!

#2 Anti-Theft Devices

Some auto insurance companies will offer you a discount for having specific kinds of theft deterrent devices like“The Club” installed in your car. Depending on the companies in your area and the laws in your state, this can often wind up saving you hundreds of dollars a year, making the theft device pay for itself.

#3 Longer Terms

Some insurance companies will charge you extra if your contract is paid monthly or quarterly. Look into a yearly term as one way to save some money on your premiums. The best cheap insurance may offer some significant discounts this way.

#4 Electronic or Automatic Payments

Many auto insurance companies will give you a discount on your premiums just for signing up to have your premium payments automatically removed from your checking account or billed to your credit card on your renewal date. This makes your bill-paying day easier, and saves you money at the same time!

#5 Lower Your Coverage

This isn’t always the best way to lower your auto insurance premiums, but it’s definitely an option. You can lower things like liability, collision or medical coverage. Another car insurance trick, of course, is to raise your deductible. The key here is to make sure that you meet the requirements set forth by your bank if you have an auto loan on the vehicle.

#6 Multiple Line Discounts

What is the auto insurance trick that most people miss out on? In many cases, choosing the same company for your homeowners insurance as you do for your auto insurance, for example, can save you significantly on both policies.

In fact you don’t even have to stop at just purchasing home insurance and auto insurance from the same company.

Consider getting things like life insurance, renters insurance,medical insurance and even travel insurance from the same company that you get your auto insurance from to save some cash.

Of course, it may still end up being much cheaper to buy different types of insurance from different companies if the company that you have auto insurance through doesn’t have cheap rates for other type of insurance so be sure to shop around.

#7 Increase Your Credit Score

In most states, it’s perfectly legal for your auto insurance company to base your premium rates, in part, onyour credit score. In some cases, raising your credit score will actually help to lower your premiums.