Auto Insurance - Ways to Save More Money on Auto Insurance

Every year, when you look at your car insurance bill, you only notice one thing: the bill is higher than that of last year. But if you do your research, you will find some good discount plans that can be applied to your car insurance policy. In this way, you can get cheap car insurance.

I read an advertisement that told me I could "Save 50%" on my car insurance policy. It wasn't true, and I didn't believe it either. I would be happy to save a small percentage, but let's be honest...50% is way too much...just sounds unrealistic, doesn't it?

So here's your first tip," Save your money"!

If you want to save your money on auto policy, ask your agent what discounts are available.

What Determines Your Car Insurance Rates?

There are several factors that decide what your premium will be.

* The value of your vehicle (the higher the value, the higher the car insurance premium)
* The model of your car
* your driving record
* Residence
* Age
* Marital status
* Gender

If you live in the city but own property elsewhere, you should consider using that address to register your vehicle. If the property is outside the city, the premiums for that area will most likely be lower.

If you're under the age of 25 (especially if you are male), then perhaps you can register and insure your car under your parent's name, with you as a part time driver. If you are the parent of teenagers, you can restrict their driving privileges so they will be listed as an occasional driver. This may save you some money on your monthly premium.

If you're buying a car, you may want to consider looking at one with a smaller engine. A car with hi-powered engine costs more to insure. The value of the vehicle will also make a difference in your insurance premium.

Is Your Car Over Insured?

If you own an older vehicle, it may not be feasible to continue the insurance you have on it. You may be paying more than you will get back from the insurance company, so you should really check this out.

Who is Eligible for a Discount?

* Senior Citizens
* Good Drivers
* Students with a B or higher average grade
* College students living away from home

What sort of Equipment Gets You Discount

* Cars having Alarm or Tracking Systems
* Cars with Air Bags
* Cars with Anti-lock Brakes
* Etched Windows
* Pleasure Vehicles

Do You Have Multiple Insurance Policies?

If your life and home insurance are from the same company, why not add your car to that policy? You may be eligible for a multiple policy discount.