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How to Save on Auto Insurance

By: Jeanne Salvatore

Practical cost-cutting measures

To cut auto insurance costs: Take the highest deductible you can afford. A $1,000 deductible may reduce the cost of collision and comprehensive insurance by as much as 40%...Drop collision and comprehensive coverage when the value of a car is less than 10 times the premium...Take every discount available. Various insurers offer discounts for low-mileage driving, having an antitheft device, air bags, antilock brakes, daytime running lights, "good student" (sometimes defined as B+ or better) and college student away-from-home drivers, and carrying both auto and homeowners' insurance with the same company.

Original Published date: Originally Published in Bottom Line Tax on Feb 10, 2006 Disclaimer: "The Bottom Line Publications publish the opinions of leading authorities in many fields. The use of these opinions is no substitute for professional services to suit your specific personal needs. Always consult a competent professional for answers to your specific questions." Permission Statement: Reprinted with the permission of: Boardroom, Inc. and Bottom Line Publications 281 Tresser Blvd. Stamford, CT 06901 www.BottomLineSecrets.com