Nine Ways to Lower Your Car Insurance Costs

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AK:   907-269-7900
AL:   334-269-3550
AR:   501-371-2600
AZ:   602-912-8400                               When you comparison shop, inquire
CA:   800-927-4357                              about discounts for the following:*
CO:   303-894-7499
CT:   860-297-3800                                     s    $500 deductible
DC:   202-727-8000                          s    $1,000 deductible
DE:   302-739-4251
                                                                               s    More than 1 car
FL:   850-413-3100
GA:   404-656-2056                                s    No Accidents in 3 Years
HI:   808-586-2790                           s    No Moving Violations in 3 Years
IA:   515-281-5705
                                                                               s    Driver Training Courses
ID:   208-334-4250
IL:   217-782-4515                                s    Defensive Driving Courses
IN:   317-232-2385                                   s    Anti-Theft Devices
KS:   785-296-3071
                                                                               s    Low Annual Mileage
KY:   502-564-6027
LA:   225-342-5423                                     s    Air Bags
MA: 617-521-7301                                s    Anti-Lock Brakes
MD: 410-468-2090
                                                                               s    Daytime Running Lights
ME: 207-624-8475
MI:   517-335-3167                              s    Student Drivers with Good Grades
MN: 651-297-7161                           s    Auto and Homeowners Coverage with

                                                                                                                                                  ways to
MO: 573-751-4126                              the Same Company
MS: 601-359-3569
MT: 406-444-2040
                                                                               s    College Students away from Home
                                                                               s    Long-Time Customer

                                                                                                                                                  lower your
NC: 919-733-3058
ND: 701-328-2440                             s    Other Discounts
NE:   402-471-2201
NH: 603-271-2261                      The key to savings is not the discounts,
NM: 505-827-4601

                                                                           but the final price. A company that offers few
                                                                           discounts may still have a lower overall price.

                                                                           *The discounts listed may not be available in all states or from all
NY:   212-480-6400                            insurance companies.
OH: 614-644-2658
OK:   405-521-2828
OR: 503-947-7980               For more information, call the National Insurance
                                                                           Consumer Helpline (NICH) at 1-800-942-4242.

                                                                                                            110 William Street
                                                                                                            NY, NY 10038
SD:   605-773-4104                                        
TN:   615-741-2241         Reviewed by:
TX:   512-463-6464                                          Consumer Federation of America
UT:   801-538-3800                            
VA:   804-371-9694                   Federal Citizen Information Center
VI:   340-774-7166
VT:   802-828-3301                                           National Consumers League
WA: 360-725-7100
                                                                                    Cooperative State Research, Education, and
WI:   608-267-1233
                                                                                             Extension Service, USDA                                      Insurance
WV: 304-558-3354                              
WY: 307-777-7401                                                                                                       Information
One of the best ways to keep your auto                             Before You Buy a Car,

                                                                                                                       time customers. But it still makes sense to shop around!
insurance costs down is to have a good                             Compare Insurance Costs
                                                                                                                       You may save money buying from different insurance
driving record.                                       Before you buy a new or used car, check into insurance           companies, compared with a multipolicy discount.

   Listed below are other things you can              costs. Car insurance premiums are based in part on the
                                                      car’s sticker price, the cost to repair it, its overall safety
do to lower your insurance costs.
                                                      record, and the likelihood of theft. Many insurers offer
                                                                                                                       Maintain a
                                                      discounts for features that reduce the risk of injuries or       Good Credit Record

                                                      theft. These include daytime running lights and anti-            Establishing a solid credit history can cut your insurance
                  Shop Around                         theft devices. To help you decide what car to buy, you           costs. Insurers are increasingly using credit information
Prices vary from company to company, so it pays       can get information from the Insurance Institute for             to price auto insurance policies. Research shows that
to shop around. Get at least three price quotes.      Highway Safety (                            those who effectively manage their credit also are more
You can call companies directly or access informa-                                                                     responsible drivers. To protect your credit standing, pay
tion on the Internet. Your state insurance depart-        Ask for Higher                                               your bills on time, don't obtain more credit than you
ment may also provide comparisons of prices               Deductibles                                                  need and keep your credit balances as low as possible.

charged by major insurers. (State insurance                                                                            Check your credit record on a regular basis and have any
                                                      Deductibles are what you pay before your insurance pol-
department phone numbers and Web sites can be                                                                          errors corrected promptly so that your record remains
                                                      icy kicks in. By requesting higher deductibles, you can
found on the back cover.)                                                                                              accurate.
                                                      lower your costs substantially. For example, increasing
     You buy insurance to protect you financially     your deductible from $200 to $500 could reduce your                             Take Advantage
and provide peace of mind. It's important to pick a   collision and comprehensive coverage cost by 15 to 30                           of Low Mileage
company that is financially stable. Check the
financial health of insurance companies with
                                                      percent. Going to a $1,000 deductible can save you 40                           Discounts
                                                      percent or more. Before choosing a higher deductible, be
rating companies such as A.M. Best                                                                                     Some companies offer discounts to motorists who drive
                                                      sure you have enough money set aside to pay it if you
( and Standard & Poor’s                                                                          a lower than average number of miles a year. Low
                                                      have a claim.
( and                                                                          mileage discounts can also apply to drivers who car pool
consult consumer magazines.                                                                                            to work.
     Get quotes from different types of insurance
                                                                                  Reduce Coverage
companies. Some sell through their own agents.                                    on Older Cars                        Ask about

                                                       4                                                                                                  8
                                                      Consider dropping collision and/or comprehensive cov-
These agencies have the same name as the insur-                                                                        Group Insurance
ance company. Some sell through independent           erages on older cars. If your car is worth less than 10
                                                                                                                       Some companies offer reductions to drivers who get insur-
agents who offer policies from several insurance      times the premium, purchasing the coverage may not be
                                                                                                                       ance through a group plan from their employers, through
companies. Others do not use agents. They sell        cost effective. Auto dealers and banks can tell you the
                                                                                                                       professional, business and alumni groups, or other associ-
directly to consumers over the phone or via the       worth of cars. Or you can look it up online at Kelley’s
                                                                                                                       ations. Ask your employer, and if you are a member of
Internet.                                             Blue Book ( Review your coverage
                                                                                                                       such a group or club, see if discount plans are available.
     Don't shop price alone. Ask friends and rela-    at renewal time to make sure your insurance needs
tives for their recommendations. Contact your state   haven’t changed.
                                                                                                                                             Seek Out Other

insurance department to find out whether they pro-
vide information on consumer complaints by com-       Buy your Homeowners                                                                    Discounts

pany. Pick an agent or company representative that    and Auto Coverage from                                           Companies offer discounts to policyholders who have not
takes the time to answer your questions. You can      the Same Insurer                                                 had any accidents or moving violations for a number of
use the checklist on the back of this brochure to                                                                      years. You may also get a discount if you take a defensive
                                                      Many insurers will give you a break if you buy two or
help you compare quotes from insurers.                                                                                 driving course. If there is a young driver on the policy
                                                      more types of insurance from them. You may also get a
                                                                                                                       who is a good student, has taken a drivers education
                                                      reduction if you have more than one vehicle insured with
                                                                                                                       course or is at a college out of the area without a car, you
                                                      the same company. Some insurers reduce rates for long-
                                                                                                                       may also qualify for a lower rate.

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