If you are looking for a way to save money on auto insurance these practical tips should steer you in the right direction. The first thing you will need to do is look up the make and model of your vehicle, for our research we used a hybrid SUV but even if you are not using a hybrid SUV the approach should still work fine.

Increase Your Deductible to Save

One of the easiest ways you can save money on your monthly insurance premium is to increase the deductible you will pay in the event you file a claim. The range for the deductible is usually in the $500-$1,000 range so you will need to try and get something higher than that, insurers will usually drop the quote by a fair amount if you max out the deductible just make sure you can afford it.

Bundle Your Home and Auto Policies Together

Another great way to save money on your auto insurance is by combining it with your home insurance policy. By consolidating the two policies with the same insurer you should be able to save money since the majority of insurers will give a discount when you combine policies but you need to ask prior to signing up.

Working with an Auto Insurance Broker

hybrid SUV

This is a great way to save money on auto insurance because the broker is an independent professional who works on your behalf. What the broker will do is shop around with a variety of different auto insurance providers to find you the most competitive offer possible. The broker gets paid by the insurance provider you choose to buy from and since the insurance companies know that brokers represent a huge amount of revenue they tend to give brokers better terms than what the average person on the street could get.

Participated in Driver Education Program

If you recently participated and passed a driver education program the cost of your auto insurance would go down by a significant amount. While the rules and regulations on this vary from location to location there is nothing wrong with getting a little refresher course on how to drive better, over time we tend to develop bad driving habits so this is going to help you stay safe and save money at the same time.

Selecting an Inexpensive Vehicle to Insure

The less valuable the car, the less insurance you need so the less you need to pay. While this sounds like common sense you would be amazed by the number of people who do not realize this when they are buying a vehicle. By purchasing a previously owned vehicle instead of a brand new one the amount you would need to pay for your monthly premium would drop by a dramatic amount so you need to bear this in mind the next time you go shopping for a new car.

If you have followed all of the tips we have provided then you should be able to save a considerable amount of money on your auto insurance so don’t delay implementing these tips now.