Should you abandon your insurance coverage just to save some cash? It is definitely not the right thing to do and you probably will not be able to shed all of it because every state requires you to have a minimum coverage. And is it not a wise move to opt for inadequate coverage. This is because it can cost you dearly when you are in need of compensation. So, follow these insurance tips that can make your auto insurance policy affordable.

o Increase deductible
Deductible is the cash you have to shell out before your auto insurance policy becomes effective. If the deductible you pay is high, you can avail lower insurance premiums on your automobile.

o Improve your credit
It is important to have a good credit rating so that the auto insurance carriers offer you favorable rates. If you have ruined credit, not many insurance carriers may be willing to work with you.

o Have a safe driving record
Try to have as less number of speeding tickets to your credit as possible. Don’t violate traffic rules. Take driving classes if possible. The fact that you have undergone training in driving can be an added advantage when you approach a vehicle insurer for better rates.

o What type of car do you drive?
If you drive a luxurious car, you will have to pay more as premium. On the other hand if you drive a less expensive car, you will have to pay lower premium.

o Do you have safety devices installed in your car?
One of the insurance tips that can help you to lower the cost of coverage is installing safety devices. Air brakes, anti-theft alarms etc are some of the devices that can help you to save money.

o Where do you live?
If you live in an area which is congested and the incidence of theft or criminal activities is pronounced, you will have to pay a higher premium for covering your vehicle.

Studies reveal that when recession was at its peak, many auto insurance policyholders in different states turned to unfair means so that they didn’t have to pay their premiums. One of the common occurrences was barbecuing a Beamer in which a vehicle owner sets his car on fire. There were others who pushed their cars off cliffs and hills etc. However, you do not have to adopt such ways if you can decrease the cost of your auto insurance coverage by following the auto insurance tips mentioned above.

Obtaining the best and cheapest auto insurance can be a time consuming and bewildering task. Below you will find some comprehensive cheap auto insurance tips that are simple enough for everyone to benefit from and will help you when choosing a policy.

The main purpose of auto insurance is to ensure you have adequate cover in case you have an accident. As the insured party, you do not want to have to pay any more for your policy than necessary, so follow these cheap auto insurance tips and you will reduce your premiums. There are advertisements everywhere these days telling you that you can save money, but they never tell you how. Even by using the various search engines to find quotes you will find vast differences in the prices that pop up on your screen, which still leaves you with the question of how to find the best policy.

First determine how much coverage you need and then decide exactly what you want your policy to cover. Review your driving record and your current policy. If you have any speeding tickets, have made a claim on your existing policy, or have a bad driving record it is always going to push your premiums up. However, if points on your record are due to expire you should shop around for a policy with that in mind.

Review the premiums of your current policy both monthly and annually, as you will be receiving quotes in both formats. Check to see if there are any hidden credit charges on your premium if you pay monthly and compare quotes taking that into account. Use one of the many online search sites that will check several policy quotes at the same time to save you having to continually having to input your details.

If you are unable to find a suitable policy online it is always worth contacting a company by telephone. Sometimes speaking to a person can actually get you a discount at the same time, especially if you have your other quotes as a comparison at hand.

Once you have found a quote you are happy with, you should check out how the company performs. Check the consumer complaints against the company to see how they rate the services offered. Look up customer satisfaction surveys and check out forums on the internet.

Before signing the dotted line and starting your new insurance policy you need to check your existing company will not penalize you, if terminating your policy prior to the renewal date. Some companies may operate a penalty clause if you terminate a policy before renewal. You also need to give your existing insurer notice that you plan to terminate your policy rather than just stop paying your installments.

Other cheap auto insurance tips include opting to pay a higher excess on your policy and fitting your vehicle with an approved immobilizer. If you have low mileage per year remember inform your insurer, opt for a car with a smaller engine, and refrain from modifying or customizing your car. Finally, park your car off road or in a garage over night to lower premiums.