Everyone is trying to spend less money these days, and one way to do so is to reduce your car insurance bill each month. This is one recurring bill that many people think just can’t be reduced, but that’s really not the case. In many cases, you can get a quick rate quote and find lower insurance rates.

Some things on this list can be accomplished over time, while others can be done right now. Get in touch with your insurance agent to see how you, personally, can save money.

Here are five tips that will help you reduce your car insurance bill.

1.  Get multiple quotes

Who says you have to stay with the same insurance company forever? Like you would with anything else you buy, shop around to find the best price. Some insurance companies offer the ability to get a quote over the Internet, thought that may not always be the best way to go.

Consider calling three or four agents and asking them to quote from all the companies whose insurance they offer. To make sure you’re being quoted the same thing each time, you’ll want to write down your current deductibles and other coverage information, and then ask each agent to quote based on that information to you can ensure your new policy with have the insurance coverage you need. You will be surprised to find out how much insurance rates can vary among insurance providers!

2.  Stack insurance policies

Some insurance companies offer discounts when you have multiple policies. For example, you may receive a discount if you have your homeowners, health, life, and auto policies with the same company. Be sure to ask for discounted rates for multiple policies, as well as separate ones. While it’s usually the case, a stacked policy might not always be the best way to go.

3.  Good driver discount

Almost every insurance company offers a good driver discount. They may be different in some ways, but in general they’re about the same. Some companies may offer a monthly or annual discount for those who haven’t gotten any tickets or had any accidents, while others may offer refunds based on your driving record.

4.  Take a defensive driving course

You’ll find that some insurance companies offer discounts to those who have taken defensive driving courses. You may think this is only for student drivers, but that’s not always the case. Ask your agent if this is something they offer to drivers of you age.

5.  Ask your agent

There are many other tips that will help you reduce your car insurance. These are often available through your agent. Some examples may be the kind of car you drive, security options available for your car, defensive driving or other driving courses, and more. So it’s a good idea to check with your agent to see what you can do to reduce your bill.

Car insurance is something every driver is supposed to carry by law. In some states you can’t get license plates without proof of insurance. But just because it’s a law doesn’t mean you will always receive the best price possible. Be sure to find out if you qualify for any discounts so you’ll be able to reduce your auto insurance bill.

We all want as much money in our pockets as we can have, and businesses are no different. When you’re trying to reduce your expenses each month, consider taking steps to reduce your car insurance. Ask your agent to review your policy to see if you’re receiving the best price. Also consider checking around and asking for quotes from other companies.

photo credit: perthhdproductions

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