1.  What kind of car are you insuring?   The smaller and more lightweight the car, the higher the rates because they are more likely used to commute every day and can be involved in an accident. However, newer cars, trucks, suvs the higher the premium.
  2.  Electric or Hybrid?  Hybrid vehicles cost more than non-hybrid  however you can still save money money.   Many insurance companies offer discounts and tax credits for these types of vehicles.
  1. How many miles do you drive?  The more or further you drive, the higher amount of insurance you will pay.  The reason for this is that you are in your car longer which means you are more likely to be in an accident.
  2. Research the carrier.   Be sure to do your research on the insurance company you will be choosing.  Do you get discounts from your job?  Any complaints, problems or issues with the company?
  3. Are there teenagers in your home?  Your insurance rates for new drivers and teenage drivers will definitely increase.   This is due to a short driving history and their lack of knowledge of driving experience.  However, there are also companies that offer discounts for driving classes, driving programs and good grades.
  4.  Look for companies that offer discounts.  There are many insurance companies that offer discounts for driving programs, classes, short term driving, retirees, students with good grades. There are also discounts if your car has an alarm, window etching, on-star, or blue link.  If you own multiple cars, you are also eligible for a car insurance discount.
  5. Credit Rating?  Your credit rating plays a big part of the cost of your car insurance. Having bad credit due to not paying your bills on time or bankruptcy will cause you to pay higher rates. In order to fix this problem, you need to pay your bills on time and do what you can to fix your finances so you can improve your credit score.
  6. Deductibles? In order to lower your premium, you need to take a higher deductible. If you decide on a higher deductible you will pay less up front, however if you do get into an accident you will pay more out of pocket before insurance payments begin.
  7. What coverage do you need?   Everyone needs liability insurance on their vehicle.  However, some cars do not need comprehensive and collision coverage. Check to see what you can afford and if your vehicle needs full coverage or just liability coverage.
  8. Review every year?  Continue to review your coverage needs and to see if you are eligible for new discounts from year to year.