Like a driver’s license, auto insurance is a necessity when it comes to matters of transportation. Hunting for car insurance is possibly one of the hardest tasks to do, due to the high costs involved and the consequences associated with it. Luckily, there are ways to lower the premium, so when it comes time to pay your bill each month, the sticker-shock won’t be quite as bad. The following steps will help you reduce your car insurance premium significantly:

1. Drive Safe!

This is #1 on the list of things you can do to lower your monthly premium because it’s the most important. Safe driving will not only keep you (and other motorists) alive & in one piece, but it will demonstrate a lack of risk to your insurance provider(s). This is crucial because the level of risk you present (or are perceived to present) plays a large role in calculating the cost of your monthly premium. So drive safely! It’ll save you money – and it might save your life.

2. Increase Your Deductible

This is a surprisingly simple step that many people may not even be aware of. As anyone who’s been in an accident can tell you, your deductible is what comes out of your pocket before your insurance policy kicks in. As part of your policy terms, you should be aware of the dollar amount you pay as a deductible. If you increase it (trust me, call your insurance agent and tell them you want to do this will make you their new best friend), your monthly premium will fall – sometimes plummet – as a result. Its simple math – if you pay more of the cost of repairing your vehicle in the event of a collision, your premium will be lower, because the insurance companies don’t have to pay as much if you have an accident.

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3. Bundle Up

This has nothing to do with the cold. You have to ensure your house, your boat, your 2 cars, and even your life, so why not place their safety in the hands of a single company? It’ll relieve stress come bill-paying day (you’ll know where everything goes), lower your overall bill (most companies will consolidate your bill if you ensure everything through them because it’s good business for them to do so), and you’ll even help the environment by saving paper! What’s not to like?

4. If it’s Shiny, Splurge!

Most people do this as a matter of course, but it’s worth mentioning that if you’ve got a brand new Mercedes, it should take priority over your 1989 Datsun. Sure, “Betsy” has been there for you over the years, but it’ll also cost MUCH less to fix her, should you get into a fender-bender.

5.Shop Around

This is yet another common sense tip that people might dismiss as “too simple”. If you want to pay less for car insurance, compare rates with several companies! It might take a little time, but your wallet will thank you for the next time you pull it from your pocket.

This is yet another good sense idea that people might discount since “too simple”. If you wish to spend much less with regard to motor insurance, examine rates with a number of companies! It might take a while, your pocketbook may many thanks the next time an individual take that out of your wallet.

There it is. Make sure you apply all of the tips given, instead of just passively reading them. Good luck!