4) Reduce Coverage on Older Cars
Consider dropping collision and/or comprehensive coverages on older cars. If your car is worth less than 10 times the premium, purchasing the coverage may not be cost effective. Auto dealers and banks can tell you the worth of cars. Or you can look it up online at Kelley’s Blue Book (http://www.kbb.com). Review your coverage at renewal time to make sure your insurance needs
haven’t changed.
5) Buy your Homeowners and Auto Coverage from the Same Insurer
Many insurers will give you a break if you buy two or more types of insurance from them. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers reduce rates for long- time customers. But it still makes sense to shop around! You may save money buying from different insurance companies, compared with a multipolicy discount.
6) Maintain a Good Credit Record
Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price auto insurance policies. Research shows that those who effectively manage their credit also are more
responsible drivers. To protect your credit standing, pay your bills on time, don't obtain more credit than you need and keep your credit balances as low as possible. Check your credit record on a regular basis and have any
errors corrected promptly so that your record remains accurate.
