save money on car insuranceMany people have tightened their budgets due to a weak economy and job uncertainty. For most individuals and families, many items in a household budget are absolute necessities. These include housing, food, clothes, and auto insurance. Having car insurance coverage is mandatory because the law mandates it in all but one state. There is no getting around being covered. However, you can take steps to lower your premiums. Let’s dig into some quick tips on how anyone can save money on car insurance. Once you have checked out these helpful tips below, get a free quote from a praetorian insurance company online or by phone (though some can also contact Loya insurance company).

1. Choose your Car Wisely
Most consumers carefully consider the cost of gasoline when making automobile purchasing decisions, but how many people think about the price of insuring it? Even though gas prices have fallen in the last couple of years to under $2 a gallon in much of the country, carriers have raised the cost of coverage for millions of drivers. One of the best ways to get a lower rate is by selecting the right vehicle; this means staying away from powerful sports cars like Ferraris and vehicles that are very costly to repair, like Jaguars. Some small insurers refuse to insure the Jaguar brand due to their high repair costs. Boring family cars like a used Toyota Corolla with a four-cylinder engine will insure you for less.

Another good tip is to avoid cars that are always the target of thieves. Every year auto insurance companies like Geico publish the top 10 most stolen vehicles report. Nearly every year, the Honda Accord and Civic are at the head of the list; this means you will end up paying a lot more for the same coverage for these “hot cars” as you would an automobile that’s not targeted by thieves. The smart choice for excellent gas mileage and a low theft rate is the Toyota Prius. This gas sipper gets over 50 miles to the gallon and is one of the least stolen cars in the U.S. Get quoted today with praetorian auto insurance and get the insurance plan you want for much less.

2. Reduce your Coverage if you have an Older Car
Do you own an automobile that is older than ten years? If so, it is logical to think about cutting back on coverage, including collision and comprehensive.

All this makes sense if the car has lost much of its value, typically 70% or more. The math does not add up to paying an additional $1,000 yearly for extra insurance protection for a car worth only $2,000 or $3,000. If you have the savings to replace the vehicle if it was stolen or totaled in a crash, consider dropping comprehensive. However, it might make sense to be fully protected if you have little savings and live in a high auto theft area.

3. Get a Higher Deductible
On insurance, you can save money, especially on a car, by raising your deductible. You can realize savings if you bump the deductible to over $500. If you go even higher to $1,000, you can save up to 10% on your annual premiums. Remember, if you are responsible for a collision that is your fault, you will be obligated to pay the initial $500 to $1,000 in auto repair costs. Always ensure you have the cash saved up if you get in an accident and need to file a claim.

4. Drive Less and Save More
Insurers use a big factor to calculate the rates they charge consumers is the monthly mileage they drive. You can save 10% or more by driving less than 1,000 miles monthly. You might need to make sacrifices like car-pooling or cut back on taking long drives, but you will save a lot on premiums.

5. Bundle your Homeowners and Automobile Insurance Together
You can get a reduced insurance bill by combining your auto and home policies with one insurer. Almost every national provider has discounts for anyone who bundles all their automobiles and property together. Not just money, but you will save time just dealing with only one bill.

6. Shop for Auto Insurance Online
It is not difficult to compare multiple insurance quotes thanks to the web. In 10 minutes or less, you can compare prices from several carriers and even purchase a policy online. By removing high prices from brokers, consumers can get direct auto insurance rates for a lot less. The best and smartest way to save money on car insurance is to get your free quote with a praetorian insurance company online right away. You can also compare Praetorian to Loya Insurance for auto insurance quotes.