Reader’s Question:

The auto car insurance quotes I’ve been getting are a bit expensive for me. How can I lower the premium down to a more manageable level?

Trixy

New Orleans, LA

Here are a couple of tips to nab a lower insurance premium:

o Ask around – you can ask your friends and family to recommend insurance companies. Not only are you extending your list of auto car insurance quotes to choose from, but you also get some advice about the company you’re going to scope out.

o Collision coverage – if your car is old an inexpensive to repair, consider axing this coverage to lower the premiums in your car insurance quotes. However, if you just got a brand new car that cost you a small fortune, do not axe this coverage. You’ll regret it later when you do get in an accident.

o Stick to one insurance company – chances are, the insurance company you’re signing up for has a whole host of other insurance packages. By signing up for other insurance packages, you can avail of discounts that are available only to ‘loyal’ clients.

o Choose to get higher deductibles – deductibles are what you’re going to pay in an accident before the insurance company will step in to cover the excess costs. The higher the deductible, the lower the premium, and vice-versa. Just be careful: you may have a lower premium, but you’re going to have to fork out more money out of your wallet when you do get in accident.

o Keep your credit in line – if you can show the insurance companies that you can manage your finances decently and responsibly, you’ll get a lower auto car insurance quote from them.

These five simple tips ought to help you negotiate for a lower auto car insurance quote. Hope they help.