Happy New Year from Car Insurance Guidebook

Helping you find ways to save money on your car insurance in 2014.

A New Year means time to check your car insurance.

Toasts, countdowns, and resolutions are all a traditional part of our celebrations as the New Year arrives. Many people resolve to lose weight, be nicer, spend less time on the internet, or whatever their current issues are that they would like to see a better outcome for in 2014.

One big resolution that many people make is an improvement in finances. And while we can’t help you become a millionaire by the end of 2014, we can help you find little ways to save money on your car insurance premiums.

Money Savings #1: Be a Good Driver

The fastest way to see your car insurance premium increase is to get a ticket or get into an accident. Insurance companies don’t like seeing either of these items on your record, especially if they have to pay for an accident, and they will raise your rates to make sure they are getting their money’s worth from you.

So just by obeying traffic laws and driving safely, you could save yourself hundreds of dollars in car insurance premium each term.

Money Savings #2: Shop Around for Car Insurance

Never get comfortable with your car insurance company to the point that you just let them raise your rates year after year. There are so many other car insurance companies out there that want you as their customer that you should have no problem finding one that will offer you better rates.

A word of advice though, when you do start to shop around have a copy of your current declaration page for your car insurance policy in front of you. This will allow you to compare similar coverages and their costs so that you can be sure that you are really getting a better price with another company.

Money Savings #3: Review Your Coverages

At least once a year go over what insurance coverages you currently have and review if you really need them anymore. For example, if you own multiple cars there is probably no reason to be paying for rental car coverage because you already have other vehicles to drive if you wreck one.

The same goes for towing coverage. If you have AAA or you have a roadside assistance program with your new vehicle you don’t need it on your car insurance policy also.

Money Savings #4: Find Payment Discounts

Most discounts on your car insurance policy you can’t control or change. However, you can control whether or not you get a payment discount. These discounts usually are given when you pay a car insurance policy in full or you opt for your car insurance payment to be automatically withdrawn from your bank account each month. Ask your agent about what payment discounts are available for your insurance company.

Do you know of any other ways to save money on your car insurance? Feel free to share your ideas below.