The Atlanta Journal-Constitution
HOW TO REDUCE COST OF APPROPRIATE CAR COVERAGE
Shop around:
Car insurance prices will differ between companies, so shopping around can help you find the best policy at the best price. The Insurance Information Institute (III) recommends getting at least three quotes from different insurance companies and types of insurance companies.
Raise your deductible:
If you raise your deductible, you can lower your premium costs. However, be sure you can afford your deductible in the event an accident does occur.
Bundle insurance:
Insurance companies will usually offer a discount when you purchase two types of insurance from them. For example, if you purchase both your homeowners insurance and car insurance from Progressive, you can save on average 7% on your auto policy.
Boost your credit score:
Many car insurance companies take your credit score into account when providing a quote. Ideally, you’ll have a good credit score, which will help you get lower prices on your policies. Make sure to check your credit report regularly for any discrepancies and boost your credit score if you have bad credit. Bankrate reports drivers with poor credit pay on average $4,338 a year for car insurance, compared to just $2,203 for drivers with excellent credit.
Take a defensive driving course:
If your insurance costs are elevated due to tickets or accidents on your driving record, you could benefit from taking a defensive driving class. Not only will it help you avoid future infractions, but many insurance companies offer discounts for drivers who complete a course. According to State Farm, drivers can save in some cases 10% on applicable coverages with the completion of a defensive driving course.