There are three fairly common sense steps that anyone can follow to save a little money when the time rolls around to renew an auto insurance policy.
Get Quotes: Obviously, this is a big step to finding a good price. Insurance providers change rates and have new promotions all the time, and there may just be one that's lowered their prices to a very tempting level out there. Premiums can vary by hundreds of dollars from company to company, and the faltering economy has the auto insurance industry doing whatever it can to attracted new customers. It may take some time to get different quotes from a number of different providers, but it could result in hundreds of dollars in savings in the end.
Engage in Wise Spending Practices: It may seem counter-intuitive, but the simple change of increasing the deductible could save a lot of money. A higher deductible results in a lowered premium, since the policy holder is assuming more of the financial risk by assuming more of the cost in the event of an accident. Instead of the higher price for a lower deductible and avoiding liability coverage, consider raising the deductible and adding this type of coverage. The cost of the premium will remain about the same, but with an added amount of coverage.
Look for Auto Insurance Discounts: Just about everyone is eligible for some kind of discount with most auto insurance providers. A careful driver with a clean record can just about always find a lower price. Age, especially for drivers over fifty, may also prove a financially beneficial factor. Students also tend to have lowered rates. Some companies will offer lower premiums for drivers who drive below a certain mileage every year. Others (or the same one) may give a discount for buying insurance options in bundles of different types of coverage. Cars with additional safety features, namely things like anti-lock brakes or anti-theft devices, may also benefit the driver with a reduction in policy. The important thing is to ask, because it's unlikely the insurance provider will offer a discount otherwise.
These are simple, easy tips, but a great many people choose not to utilize them. There are still other ways to lower auto insurance premiums, for those who are willing to take the time and the effort to find them. Knowing them is only the first step. Following through and taking action will be necessary to make it actually happen. Thinking smart is the best way to lower auto insurance rates and save some money.