When it comes to car insurance, what you pay can vary greatly based on several factors. Here are some tips to consider when researching auto insurance to help you save money on your car insurance costs:

1. Compare Insurance Costs Before Buying a Car:

   • Don’t be caught off guard. Know the cost of insuring a car before you make the purchase.
   • Insurance premiums are influenced by factors such as the car’s sticker price, repair costs, safety record, and theft likelihood.
   • Many insurers offer discounts for safety features like airbags, anti-lock brakes, daytime running lights, and anti-theft devices. Check the Insurance Institute for Highway Safety for more information on car safety.

2. Be Aware of Theft Risks:

   • Cars that are popular targets for thieves tend to cost more to insure.
   • For information on car theft, refer to the National Insurance Crime Bureau (NICB).

3. Consider a Higher Deductible:

   • The deductible is the amount you pay out-of-pocket before your insurance coverage kicks in.
   • Increasing your deductible (e.g., from $200 to $500) can reduce your collision and comprehensive premium by 15% to 30%, depending on your plan.
   • Keep in mind that having access to funds to cover the deductible is essential if something happens to your car.

4. Re-Evaluate Coverage for Older Cars:

   • If you own an older car, think about dropping collision and/or comprehensive coverage.
   • It may not be cost-effective to insure cars worth less than 10 times the coverage cost.
   • Consult an auto dealer or bank to determine your car’s value or check Kelley Blue Book online.

5. Bundle Homeowners and Car Insurance:

   • Many insurers offer discounts when you buy both homeowners and car insurance from the same company.
   • Bundling policies can lead to cost savings.

Remember, being informed and making strategic choices can help you save on car insurance without compromising coverage.