Tips on decreasing auto insurance rates

If you are like me, you are always looking for smart ways to save money. Lower auto insurance premiums are a good place to start.

Higher deductibles can lower your premium, as will selecting only the coverages you feel you need. Many insurance companies offer different discounts. When shopping for auto insurance, be sure to ask about the availability of some of these discounts and whether the insurer offers them.

+New business discount: As a new policyholder, you might receive this discount if you have been accident-free for a specific period of time.

+Accident-free: Policyholders who have been accident-free while being insured with the same insurance company for several years might also be eligible for reduced premiums.

+Discounts for other insurance lines: Premiums may be reduced if you insure your home, life or health with the same company that covers your car.

+Multiple car: Premiums may be reduced if there are two or more private passenger cars on the same policy.

+Vehicle safety discount: Certain makes and models of newer vehicles may receive the vehicle safety discount because of the lower medical payments associated with them. The vehicle safety discount is for autos 1994 or newer.

+Air bag/passive restraint: Cars that are 1993 or older and equipped with air bags or automatic seat belts can receive this discount.

+Anti-theft devices: Some insurance companies offer discounts on comprehensive coverage premiums when certain antitheft devices are installed in a vehicle.

+Defensive driving course: Premium discounts sometimes are offered for the voluntary completion of specified driver improvement courses.

+Good student: Full-time students (high school or above) maintaining at least a "B" average can qualify for reduced premiums with many companies.

These are just a few of the common discounts offered by insurance companies. For more details contact your insurance company or agent. Above all, drive safely.