Car insurance purchase: 10 ways to save money

Be a Good Driver: A good driving record can work wonders when it comes to lowering your car insurance premiums. Even little things like speeding tickets can push up your premiums. Drive safely to cut costs.

Seek Discounts: Insurers offer a host of discounts on car insurance. You will find everything from group discounts to low mileage discounts. Buy your home and car insurance from the same company to avail of discounted rates. If you have more than one vehicle, buy insurance for all of them from the same company. Fitting your car with anti-theft devices would also fetch you discounts on your premiums.

Ask for Rate Reductions: Life is in a constant state of flux, so why should your auto insurance remain unchanged year after year? Insurers will reduce your rates if you have moved to the suburbs or gotten married. You could even get a reduction on the basis of your good driving record.

Maintain Good Credit: A good credit record will endear you to insurance companies because people with good credit ratings are believed to file fewer claims.

Buy Insurance Online: The online insurance market is gaining everyday because buyers end up saving on agent commissions. Moreover, the online platform allows car owners to shop around extensively before zeroing in on a policy that gives them adequate coverage and suits their budgets.

Be Careful with Other Drivers: If you hire a driver or allow somebody else to drive your car, ensure that they drive safely. A traffic violation or

... contd.