Maintain good credit

Your credit rating may affect what you pay for insurance, so keep a close eye on it. Credit makes insurance rates more accurate, fair and objective. While the use of insurance scoring varies from state to state and company to company, it is a fact that drivers with long, stable credit records have fewer accidents than drivers who don't. There are various Internet services that allow you to check your credit rating and provide tips on how to improve your score.

Seek out safe driver discounts

Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also qualify for a cut if you have recently taken a defensive driving course.

Inquire about other discounts

You may get a break on your insurance if you are over 50 or in some cases 55 and retired or if there is a young driver on the policy who is a good student, has taken a drivers education course or is at a college, generally at least 100 miles away.

When you comparison shop, inquire about discounts for: 

• $500 deductible 
• $1,000 deductible
• More than 1 car
• No accidents in 3 years
• No moving violations in 3 years
• Drivers over 50-55 years of age
• Driver training course
• Defensive driving course
• Anti-theft device
• Low annual mileage
• Air bag
• Anti-lock brakes
• Daytime running lights
• Student drivers with good grades
• Auto and homeowners coverage with the same company
• College students away from home
• Long-time customer
• Other discounts
  *The discounts listed may not be available in all states or from all insurance companies.

But don’t forget that the key to savings is not the discounts but the final price. A company that offers few discounts may still have a lower overall price. so be sure to compare each quote.