6 ways to pay less for auto insurance

A host of factors can influence the amount you pay for your automobile insurance premiums. Here are six ways you may be able to lower them.

1. Shop around. Prices can vary significantly between different insurance providers. Make sure to work with an experienced broker who can help you find the most affordable plan.

2. Use affiliation discounts. Unions, professional associations and alumni associations often have special agreements with particular insurers. You could be eligible for a better price via the organizations you’re already a part of.

3. Negotiate. Don’t hesitate to ask for a discount. Some companies offer them to full-time students or young people whose parents have policies with them.

4. Combine. If both your car and home are insured by the same provider, you’ll likely receive a discount. In some cases, it could be substantial.

5. Pay a higher deductible. If you can afford it, committing to a higher deductible in case of an accident usually means you’ll pay a lower premium.

6. Drive safely. A good driving record means cheaper insurance. Accidents, driving infractions and prior insurance claims all contribute to higher premiums.

Finally, don’t hesitate to reach out to an insurance broker. Oftentimes they have access to policies that aren’t available to the general public.