Auto Insurance for Good Drivers Auto insurance companies like good drivers and reward them with lower premiums, sometimes as much as 20% less than the standard rate.
But what does it take to qualify as a good driver, or "preferred risk driver" as the insurance companies call them: 1.
You cannot have had any moving violations within the last three years.
You cannot have caused any auto accidents within the last three years.
You must be in your mid-twenties or older.
You must have a good credit rating.
Getting Cheap Auto Insurance for Good Drivers In addition to the discount you automatically get for being a good driver, here are some other ways to save on your auto insurance: Consolidate your insurance - Purchase your auto insurance and your homeowners or renters insurance from the same company to get a 5% to 15% discount.
Increase you deductible - Increasing your deductible can drastically reduce your insurance premium, in some cases up to 50%.
Drop your collision and comprehensive coverage - If the value of your car is worth less than the cost of your insurance plus your deductible, you should consider dropping your collision and comprehensive insurance.
This can save you 15% to 30% on your premium.
Ask for discounts - Other discounts you may be eligible for include: * Senior discount if you're over 50 years of age.
* Driver's education discount if you've taken a driver's ed course or a driver's training course.
* Safety discount if your car has air bags, anti-lock brakes, or daytime running lights.
* Security discount if you have anti-theft devices or burglar alarms installed in your car.
Shop Around To get the cheapest insurance rate possible you need to compare rates from a number of different insurance companies.
You can do this by spending a few hours calling local insurance agencies, but the fastest way is to go to an insurance comparison website where it only takes a few minutes to get quotes.
Some comparison sites even have an insurance expert on hand so you can get answers to all you auto insurance questions, and an "Articles" section where you can get more money-saving tips (See link below.