Get Cheap Auto Insurance: 5 Ways to Save


Watch video on YouTube to learn 5 Ways to Save on Auto Insurance

Finding cheap auto insurance rates isn't as hard as you think. And you don't have to sacrifice great coverage and service to do it.

Take a look at the following 5 tips from the editors at InsWeb and start saving today!

  1. Increase Your Deductible

    2. Simply put, the higher your deductible, the cheaper your auto insurance rates. The cost of an accident will be that much more expensive, but the savings on your rate could make it well worth it.

  2. Insure Your Home and Your Car With the Same Carrier

    3. With a multi-line insurance policy, you purchase both your auto and homeowners insurance from the same carrier. According to the Insurance Information Institute, a multi-line policy can save you up to 15% on both premiums.

  3. Pay Your Policy in a Lump Sum

    4. Extra "convenience" fees are often applied to payments when you split your premium into installments (e.g. monthly, quarterly, etc.). A monthly fee of even $7 can add up to almost $100 a year!

  4. Take Advantage of Discounts

    5. Most insurance companies provide discounts for a variety of things, including:

    • Having a good driving record
    • Being a long-time customer (loyalty discount)
    • Driving a vehicle with specific safety features (e.g. Vehicle Stability Control (VSC))
    • Driving a vehicle with specific security features (e.g. audible alarm, Lojack)
    • Driving a low number of miles per year

    It's up to you to make sure you're getting all the discounts you're eligible for, so make sure you ask your company or agent.

  5. Shop Around and Compare Rates

    6. Your circumstances change all the time, and so will the way auto insurers view you. If you don't compare rates every once in a while, you'll never know if you could find cheap auto insurance. According to an independent study, drivers who compare rates and switch carriers at InsWeb.com save an average of $301* on a six-month policy.

Put these money-saving tips to good use and find cheap auto insurance today. Get a free auto insurance quote from InsWeb.

Learn additional ways to save: Download Find Cheap Auto Insurance (PDF 290K)


*National average savings information based on InsWeb 6-month policyholder survey data from 4/27/05 to 7/4/05.

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