Ways to save on car insurance
1. Shop around
Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies.
Insurers reward you for repeat business, so tapping one company for multiple policies, if you haven't already done so, is a often good way to save. Bundling homeowners and auto insurance, specifically, can save you as much as 25%.
Many companies offer special pricing to seniors.
4. Private Garage
Parking your car in a safe location (e.g. private or secure garage ) normally results in lower insurance premiums with auto insurance providers.
5. Raise your deductible/Excess
Your deductible is the amount of money you're expected to pay out of pocket before coverage kicks in. Opting for a higher deductible lowers monthly premium costs. You'll need to shell out more money in the event of an accident, though, so make sure you can cover the new amount. Remember, car insurance policies can get, well, kind of complicated. When shopping around for coverage, you'll want to compare apples to apples.
6. Drive less
Insurers simply want to know how likely you are to cause an accident and cost them money. So, they want to know how much you actually drive. The less the better. Think about ways you can cut back on your time behind the wheel. For instance, will your employer allow you to telecommute some days? Can you walk or bike shorter distances instead of driving? Anything you can do to lower the miles you travel each year will lower your auto insurance premiums.