How to Get a Better Auto Insurance Rate
- 1). Review your policy details and look for coverage options that you pay for but don't need. For example, you might have rental car coverage but own three cars, so the option probably isn't necessary. If you bought your car brand new 10 years ago, full coverage insurance might be costing more than your vehicle is worth, so determine which policy features you can cancel.
- 2). Review your deductibles. Consider increasing your deductible to lower your insurance cost. If you increase your deductible, make sure it's still affordable, as you might need to pay it one day.
- 3). Note any changes in your life that might warrant a discount. Changes might include a young driver leaving your home, graduating from college or getting a new job closer to your home. The amount of mileage you drive each year affects your policy price.
- 4). Gather your vehicle and policy information; you'll need it to obtain quotes. Your policy lists your vehicle information, including its identification number, year, make, model and safety features. Double check your safety information to ensure you're receiving discounts for vehicle features such as multiple airbags, an anti-theft device, anti-lock brakes, traction control and electronic stability control.
- 5). Call different insurance providers, including brokers, to obtain quotes. Submit your vehicle and personal driving information. Ask questions about reducing policy coverage to save money, as even a quoting agent can help you make the right decisions for insurance coverage.
- 6). Ask the companies who provide your quotes if you qualify for any discounts because of home ownership, marriage or a good driving history. Find out if the insurance provider offers discounts for insuring additional policies, such as home, life, boat or motorcycle insurance, if applicable.
- 7). Write down the cost of all quotes you receive. Call your current insurance provider and ask for a new quote that reflects any changes you made to your needs while shopping other providers. If your provider quotes a higher price than other companies do, ask your provider to match or reduce costs to keep your business.