In today’s crazy economy, most folks want to save money anyway possible. One good way to save a little extra cash, is to be sure you are getting the best deal possible on car insurance. Here are a few tips on how to save money on car insurance.

1. Be sure you are getting all the discounts possible. Many insurers have a car-safety discount. If your car has air bags, anti lock brakes or car alarms you might qualify for this discount. Also, there are good driver discounts, good student discounts and long-time customer discounts. If you have to carry home owners insurance, it may be a good idea to get your car and home-owner’s policy with the same insurer as well. Many companies offer discounts if you have more than one type of coverage with them. Along this same line, look into multi-car discounts. One other discount you might qualify for is a low-mileage discount. Certain insurers offer discounts to drivers who stay under a certain amount of miles yearly on their cars.

2. It is very important to shop around. Get at least three quotes. There can be quite a difference in price for the same type of coverage from company to company, so it can really pay off to do a little comparison shopping.

3. Understand your credit score affects your insurance rates. Statistics show that drivers with higher credit scores have fewer insurance claims. So raising your credit score can help you get lower insurance rates.

4. Buy a low risk car. Cars that are targeted for theft, are costly to repair and don’t have good safety ratings, will cost more to insure. Before you purchase a new car, compare premiums on different models.

5. Consider your deductible. Your premiums will go down if you have higher deductibles. Be certain, however, you can cover the deductible in case of an accident.

6. Don’t ever let your policies lapse. If you have had lapses in coverage, it will be harder to get insurance and it will be more expensive.

7. Pay for the policy in full. Paying yearly, instead of making monthly installments will save on fees and other billing costs you might be charged for.

8. Review policies regularly. You may be carrying more liability coverage than you need. You might also find that the broken down car in the driveway is still on the policy.

9. Consider installing on-car cameras for teen drivers. These cameras are installed inside the car and give you video on how your teen is driving. You may be able to find a company that will not only offer a discount on this option, but will provide you with the camera. These cameras can not only save you money, but are shown to reduce risky teen driving, they might save you some heartache as well. Another option along this line are global positioning systems, these devices not only track where the teens are driving, but if they are speeding as well.

When you are driving your car you are covered by your insurance policy if you were to cause an accident. You might assume that if a friend was to cause an accident with your car that his insurance will cover the damages. However, if an insured friend of yours were to cause an accident with your car then you are still stuck paying your deductible, because your liability insurance covers your car, you and anyone else using your car with your permission.

Liability insurance covers both bodily injury and physical damages, so any passengers in the vehicle including the owner are covered and any damages the car does to another’s property is covered. Liability will also cover any legal fees if you were to be sued as a result of an accident. Liability insurance will not cover more then your policy and if the costs exceed the amount of the policy coverage then the court can attach your personal assets to recover the damages, such as your house.

The situation can change though if your friend is at fault and causes serious bodily injury to others and or property damage and it exceeds your policy. If this is the case then you and your friends insurance will share the cost of the accident, which is known as “pro rata”. This could mean that you and your friends insurance will split the bill equally, but more then likely your insurance will cover the full amount and then seek compensation from your friends insurance for their share.

Notice I said earlier “insured friend”, that is the key. If you were to lend an uninsured friend your vehicle then you are left to pay up even if the costs exceed the amount of your policy. That means that you’re left to cover any remaining medical expenses and property damage expenses. So in other words your friend has left you high and dry.

Also notice that earlier i also said “your liability insurance covers your car, you and anyone else using your car with your permission.” Without your permission your friends insurance will kick in first and cover the expenses and hopefully they are insured. If they are not then we are right back up in the last paragraph where your buddy has left you high and dry.

Obviously someone stealing your car does not have your permission, so you will not be held liable to damages done to others property. However, In this case though you will have to use collision insurance to have your car repaired. I wouldn’t count on the criminal having insurance, let alone the money to pay for the repairs and even if he did have insurance then his company will not pay for his criminal acts.

Right now, there is a very big chance that you are paying way to much for your car insurance coverage. You would never know it, but there is an even bigger chance that you could get a better rate and policy from another insurance company. It is so worth taking a couple of extra minutes to look over your policy and shop around fro coverage from a different company than you currently have.

The internet has made saving on your auto insurance a very easy thing to do. With the internet, you have the ease of comparing rates, shopping with different companies and and so much more. Staying with your insurance company just for the heck of it, could be costing you more than you think.

There are five basic ways in which someone can save on their auto insurance premiums. They typically are: getting all the discounts you qualify for. Keeping your driving record clean. Adjusting your coverage to assume more risk such as raising your deductible. You could drive a car that is considered a low profile car with many types of money saving safety features. And the last thing that you could do is, take the time to shop around for the lowest, best car insurance company you can find.

There are many different kinds of discounts that a person can qualify for. You need to take the time and speak with an insurance company to see what they can offer you. The discount vary from company to company as well as where you live.

Assuming more risk for you insurance coverage is a great way to drive down your premium prices. You can raise your premium or drop coverages that you do not use on older model cars such as collision or comprehensive coverage.

Finding ways to save money on your car insurance is as easy as the click of your mouse with your computer. Take your time and look over option that you can find and you could end up saving anywhere from 10-45 percent off your insurance premium each year. Always shop around and compare the insurance companies before deciding which one to take. You should not just stick with a company because they have been good to you over the years. Remember that auto insurance is something that is required for you to be able to drive, so why not take the couple of extra minutes to find something that suits your needs as well as your budget.