Get a quote online.
Pretend you are a new customer and get an online quote at your current carrier's website. Compare the quote with your renewal rate. I filled out their questionnaire and received a quote reference number with a lower rate. With that reference number, I called my carrier and asked why the quote is significant lower than my renewal rate. If your carrier doesn't have the disclaimer "only for new customers" associated with the online quote, they must give you that lower rate.
Telecommute? Less liability means more money in your pocket.
If you drive your car less than average, you should get a break on your rate. For example, I work remotely one day a week. Since my yearly mileage decreased, my carrier decreased my rate.
Check your discounts every renewal period.
Don't assume your car insurance company has applied all discounts to your account. It is your responsibility to ensure all applicable discounts are applied. Every renewal period, give your insurance carrier a list of all your memberships. Both my alumni association and professional organization provides discounts with my carrier. I make sure if I can only have one discount, they apply the largest one out of the two.
Clean record? Show me the money!
Every car insurance company has a good driver discount. Every year of no claims, you should be rewarded. Make sure they apply that discount every renewal period.
Use one carrier for all your insurance needs.
You need insurance for your car and house or apartment. Why not bundle? I get a discount just by having multiple items covered by the same company. They want your business, so negotiate a great rate for all your insurance needs.
Cash talks! Pay upfront and save in the long run.
If you had cash to buy a car, you can negotiate a much better deal than sticker price. Car insurance is the same. When you pay monthly, you are paying a service charge to process each payment. Save that money and pay yearly or every six months.
I save hundreds of dollars every renewal period. A great company will want to keep you. If none of these methods work for your car insurance carrier, it may be time to save hundreds on your car insurance by switching.
Photo by Bob Jagendorf via cc.
By Jeanine Lewis Copyright 2014 brass Media, Inc.