7) Combine Home and Auto Insurance
Many insurance companies offer discounts for purchasing multiple types of insurance from the same company, such as home and auto insurance. While it’s always a good idea to take advantage of these discounts, shop around to compare prices. Buying from different insurance companies will save you more money than the multi-policy discount. You may also be eligible for a reduction if you have various vehicles.
8) Maintain Good Credit
Having a good credit record can significantly lower your insurance costs. Most insurance companies use credit information to determine the price of auto insurance policies. Research shows that individuals who effectively manage their credit have fewer claims. To maintain a good credit standing, make sure to pay your bills on time, limit your credit usage, and keep your credit balances low. Regularly check your credit record and correct any errors promptly to keep your credit record accurate.