Category Archives: car insurance rates

5 Ways To Manage Your Auto Insurance Premiums

Auto insurance is expensive and recurring. Since every state has a mandatory insurance law of some sort, it is impossible to avoid a premium. Who would want to anyway? All you can do is try to manage how much you have to pay. Here are five tips to help you keep your auto insurance under control.

  1. Shop around once a year and every life event (marriage, kid moves out, etc). If you have points on your license and they drop off, get quotes soon after.
  2. Do not over-insure your vehicles. If you do not have a loan, it might be wise to only carry state minimum coverage.
  3. Look at your deductible. Can you afford a higher one? That will drop your premium right away.
  4. Consider allowing your insurance company to use a telemetric device. These install in your car and track your driving. Your current driving habits could save you money.
  5. Install an anti-theft device or buy a car that has a factory one installed.

One last tip would be to move. The city you live in could be affecting your premium more than anything else, especially in California where the most cars are stolen in the United States.  For more tips, check out this post:  3 Ways to Lower Your Car Insurance Premiums.

Insurance Rates For Hybrids: Lower?

What A Hybrid Will Do To Your Insurance Premiums The biggest sales point for hybrid vehicles is the fuel savings they offer. The savings are there, but fuel is often the least expensive aspect of owning a car. Few people think about how a hybrid will affect the most expensive cost of owning a car:…Continue Reading

American Mileage Down But Premiums Higher

What? Haven’t insurance companies always told us that driving less would lower our premiums? According to the Insurance Information Institute (III), companies raised their rates an average of 10% between 2008 and 2010, and are planning to raise them another 4% in 2011. So, why the rate hikes? Insurance representatives point to the rising costs…Continue Reading

Car Insurance After Retirement

How To Lower Your Car Insurance Rates After Retirement These few tips will only work if you are on the verge of retirement or have retired recently. They are all related to the changes in your lifestyle that usually come with the event. Consider these tips and let your insurance carrier know about any changes.…Continue Reading

Same Sex Auto Insurance Discounts: Esurance

As the gay marriage debate rages around the country, Illinois quietly passed the Religious Freedom Protection and Civil Union Act according many rights to same-sex relationships that married couples already enjoy. Esurance is the first company to offer discounts to same sex customers based on the legislation. Illinois is not the first state where Esurance…Continue Reading

How You Affect Your Insurance Rates

Insurance companies use a set of criteria to determine how much each of us must pay for insurance premiums. Some of the factors are the same for everyone, but there are a few ”personal criteria” that you can use to lower your monthly obligation. Driving profile…this includes total miles driven each year, tickets, accidents, and…Continue Reading

Can Insurance Pricing Help The Environment?

Image via Wikipedia Car insurance is priced in a manner that allows you to drive as much as you want without regard to your premium. You pay a set price, get in your car, and drive to your heart’s content. Some environmental groups and think-tank wizards believe that encourages excessive driving and is environmentally irresponsible.…Continue Reading