Secrets For Saving A Bundle On Auto Insurance


Did you know that you could be saving hundreds, perhaps thousands per year on auto insurance? It's true. According to a survey taken by American Express, most Americans don't take the time to find the best deal on insurance. In fact, only 32 percent shopped around for the best deal on insurance. Yet, 64 percent shopped an average of 29 days to find a good deal on a car. Estimates show that people who shop around-even just for a few hours-save an average of $301 per year. That computes to a bundle of cash over the long haul. Here are tips to help you get the best deal on auto insurance.

First, go to insurance.yahoo.com/auto.html and take the insurance savings quiz. It'll help you identify areas of your current coverage you can adjust to save money. Some suggestions include installing an alarm, carpooling to reduce mileage, taking a defensive driving class, or including your car on the same policy as other family cars, getting a multi-vehicle discount. Also, call your agent to review your policy and ensure you're getting any age or student discounts that may apply.

Next, conduct a little research. Insurance can be confusing, luckily www.moneycentral.msn.com is a great resource for information on a variety of insurance related questions. It can help you decipher the exact coverage you need. Get educated about the various types of insurance before you spend the time getting the quotes.

Once you know what coverage you need, then you can to comparison shop. Most large insurance companies have web sites where they will give a personalized quote. A few user friendly sites are statefarm.com and farmers.com. If you prefer to get a quote over the telephone, they are avialable from most large insurance companies. You can call Geico at 1(800)861-8380 or Progressive at 1(800)AUTO-PRO. Progressive claims that, if they can't save you money, they will tell you who can.

Surprisingly, American spend more time shopping for household electronics then for auto insurance. In fact we shop an average of 13 days to save about $203 on that electronic purchase, but we spend less then one day researching our auto insurance purchase. Take a little time and shop around. It will save you a bundle in the long-run.