Auto Insurance Rate

Some safety equipment, like anti-lock brakes, can help prevent accidents. And other kinds of safety equipment, like automatic seat belts, can lessen injuries. Either of these will lower costs for insurance companies and will also usually get you a discount on your auto insurance rate.

The surest way to lower your auto insurance rate is eliminate coverage you don't need. The medical portion of an auto insurance policy usually is similar to the protection you get with a regular medical plan or health insurance. Some states require you carry medical coverage with your auto insurance, but otherwise you can drop this coverage if you already have adequate protection.

A major determinant of your auto insurance rate is what kind of car your drive. The more popular cars are also usually the ones more frequently stolen. And this popularity with thieves adds to the price of your premium. But adding a burglar alarm or other anti-theft devices can reduce the risk of having your car stolen and get you a discount on your premium.

Another way to save on your auto insurance rate is to be smart in how you handle the deductible for collision and comprehensive coverage. The frequency of major accidents is low so the larger you can make your deductible, the more you'll save. It's recommended you have a minimum deductible of $500.