5. Reduce and report your mileage. A big component of your premium costs depends on how many miles you drive per year. If possible, try to limit your driving. And if you have reduced mileage, make sure to contact your insurer to let them know—you could potentially cut your insurance rate.
6. Choose a car that’s easy to insure. Vehicles that have lower safety ratings and are more expensive to repair typically have a higher premium. Ask your insurance agent about the different premiums available for each model of the vehicle you are considering in order to determine which car is the most cost-effective to insure.
7. Maintain a good credit history. Most insurance companies will look at your credit when determining your premium. You should routinely check your credit report for inaccuracies, keep credit card balances low and make all credit card and loan payments on time.
8. Bundle your policies. Most insurance companies will offer you the option to bundle multiple policies together in order to save money. For example, many companies offer substantial discounts if you bundle your home and auto policy with them.
To talk more about ways to save on your auto insurance policy, contact James L. Smith Insurance.