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Here are some tips to help you save money on your auto insurance policy:
- Review your policy:
Check with your agent or company whenever something about you (where you live, your marital status, etc.) or your vehicle (safety features, new car, etc.) changes. Remember-auto insurance rates are based in part on informaton about you and your vehicle. If this information changes, it could affect your rate.
- Ask about discounts:
Many insurance companies reduce premiums as a result of certain driver traits or a car's safety/security features. You may be eligible for a discount if you have been a homeowner for more than three years, you're a student with good grades, or if you drive a car with antilock brakes, antitheft devices, airbags, etc.
- Consider raising your deductibles:
According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your collision and comprehensive premium by 15 to 30 percent.
- Shop around because price varies:
Auto insurance companies charge premiums based on their cost of doing business. Because each company's costs are different, they each charge different rates. Compare rates by visiting a local independent agent or broker who can provide personalized service and counsel to help you choose the appropriate coverage from the insurance company that's right for you.
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