Nine ways to save on auto insurance policy

By Insure.com

Want to save money? Here are nine suggestions to help you save on your auto insurance policies.

1. Comparison shop.
Use consumer information provided by your state's insurance department. These guides tell you what coverages you need and show you sample rates, usually from the biggest companies. Visit your state's home page by choosing the state in which you live from the menu on the left of this page. Then, get shopping. Get quotes from at least three insurers.

2. Ask for higher deductibles.
When you file a claim, a deductible is the amount of money you pay before your insurance company pays for the rest of the damage. Higher deductibles mean lower premiums. For example, increasing your deductible from $200 to $500 on collision coverage could reduce your premium by as much as 30 percent - potentially saving you hundreds of dollars.

3. Drop collision and/or comprehensive coverages on older cars.
If you own a car that's worth less than $2,000, you'll probably pay more for the coverage than you would ever collect on a claim. Although insurance companies use their own criteria to determine fair market value for vehicles, you can find out how much your car is generally worth by using the Kelley Blue Book.       More.......

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