According to Electric Insurance Company, the below is a list of their top ten recommendations to reduce the cost of auto insurance:
- Maximize discounts for safety equipment. Whether it's a vehicle you own or one you are leasing, know how these features affect the cost of your insurance.
- Install anti-theft systems. Protecting your vehicle from theft can save you even more money.
- Join a carpool. Discounts may be available from your insurance company if you carpool or qualify for mileage credits.
- Take a driver training course. Driving smart is not only important; it may earn you discounts as well.
- Research Student Driver discounts. Don't overlook Good Student discounts or the need to update your policy if you have a high school or college student driver.
- Purchase a full 12-month policy. Eliminate six-month price increases and reviews with an annual policy.
- Adjust your Collision/Comprehensive. Consider the age and condition of your vehicle when analyzing this coverage.
- Select higher deductibles. Adjusting your policy deductibles could yield instant savings.
- Combine auto and home policies. Simply having your auto and homeowner (or renter) insurance with the same carrier could earn you surprising savings.
- Drive Safely. Safe drivers should earn rewards that grow each year - are you?
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