Best Ways to Save Money - Auto insurance

Here are several easy ways to save $500 per month on your bills, as reported by Consumer Reports. They are one of the most unbiased sources for money saving tips and advice.

Get cheaper auto insurance - Average savings: $65 per month

Annual surveys conducted by Consumer Reports show that many consumers stay with the same auto insurer for 15 years. Depending on where you live and your personal profile, you might be able to save hundreds of dollars a month on your insurance bill just by shopping around. It takes but a few minutes to get a quote for a new policy, and dozens of auto insurers operate across the nation.

As an example, a married couple without accidents or violations and with a driving-age son in Los Angeles, can save up to $380 per month on standard auto coverage by switching to a lower-cost auto insurer. This is from data compiled by the California Department of Insurance. On the other hand, a retired couple with no accidents or violations in Fargo, N.D., can expect to save only about $30 per month on the insurance bills they pay by switching automobile insurers.

Tips how to save money on auto insurance

The process to get a new quote is very straightforward. You can search online for new auto insurance companies, or organizations that provide you multiple quotes from more than one company at one time. It takes a matter of minutes to get a quote for a new policy, and you can potentially save hundreds of dollars per year as per Consumer Reports.

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