3. Cutting Back on Coverage
If you have an older car, you can probably save some money by cutting back on your existing coverage. If you have a “full coverage” auto insurance policy, you could potentially get rid of the comprehensive and collision insurance part of your policy. When you eliminate those portions of your coverage, you can save quite a bit of money on your insurance premiums every month. The drawback is that you would have to pay for the damage to your car if you were responsible for an accident. However, if you drive a car that isn’t worth that much money, it may be worth the risk to you.
4. Improve Your Credit
When you want to save money on auto insurance, one of the best things that you can do is to get your credit profile in order. When you start improving your credit, your premiums will go down. This is because, the insurance companies look at your credit history to determine how much of a risk you are. There is a correlation between poor credit and high claim volume. This means that if you’ll get your credit back on the right track, it can make a huge difference in saving you money on your auto insurance. You may be surprised how big of a difference it can make.