Tips to Reduce Your Auto Insurance Premium

Tips to Reduce Your Auto Insurance Premium

Here are some ways to save money on your auto insurance premium:

  • Insure your car with the same company that insures your home
  • Insure all of your family's vehicles through one company
  • Select the highest deductible you can afford
  • Drop collision and comprehensive coverage for certain older vehicles
  • Ask about a safe-driver discount if you have been accident free for a number of years
  • Ask about a discount for drivers over 40, if applicable
  • Ask about discounts for air bags, antilock brakes, and antitheft devices
  • Ask about a good-student discount if you pay to cover a younger driver with a B average or better
  • Ask about a low-mileage discount if you put low miles on your car (e.g., less than 12,000 a year)

The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions.  For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.

©2004-2007 The American Institute of Certified Public Accountants, ISO 9001 Certified.
AICPA Online privacy policies and copyright information. | Using our secure site.
--Site best viewed with browsers version 4, or above--

AICPA, 1211 Avenue of the Americas, New York, NY 10036