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Maintaining and owning a vehicle costs a lot of money due to the litigious nature of our country and the rising costs of insurance covers. However, this doesn’t have to leave you broke. There are plenty of strategies you can employ to cut down on your expenses.

Here are some of the ways you can lower your auto insurance premium.

1. Have one insurance company
Many insurance companies provide multi-line discount for you if you are a loyal customer and purchase several of their insurance policies. Instead of having an insurance company for each vehicle, home, and motorcycle you have, group all your policies and utilize one company.

You can get up to 10% off your total premium off, saving you loads of money. You can also insure multiple drivers to get a bulk rate. Multiple drivers, however, must be related by blood or live in the same household. Enquire with your auto insurance company to see if you qualify.

2. Be a safe driver
Accidents and moving violations increase your insurance rates as points are awarded to a driver for each violation. The more points you have, the higher your insurance premiums are. To avoid this, be a safe driver.

3. Take a defensive driving class
At times, insurance companies provide discounts for drivers that complete a defensive driving course. You can also reduce the number of points on your license by taking accident prevention and defensive driving class.

Always ask your insurance company for this discount before signing up for the course. Also, ensure the class you take is accredited.

4. Shop around
If your annual premium has gone up significantly, look around for better premiums. You can obtain quotes from several companies to check for lower rates. Do this every year or two instead of sticking to one company with extremely high rates.

Unfortunately, cheap coverage doesn’t always mean good; therefore going for a low-priced institution may be a wrong move. Run a check of your potential auto-insurance company to check their financial strength.

All Star Insurance is a Texas low-cost insurance company that provides motorcycle, vehicle, home, and business insurance. Contact us today to request a quote.

Photo: DINO 246 GT by Eddy Clio licensed under Creative commons 6