Bay State consumers mistakenly believe they have no control over the cost of their auto insurance. Not true. As of April '08, drivers in Massachusetts now have the opportunity to lower their auto insurance premiums by shopping around, driving safely and taking advantage of group discounts.Still, there's always room for more savings. Here are our top 10 ways to reduce your auto insurance rates.
* JOIN A GROUP
Are you a member of a credit union or civic organization? In recent years, many insurers have offered discounts to groups to attract new customers. As a member of the Consumer United network, you will be able to save 10% off your car insurance rates.
* BUNDLE YOUR PLANS
Insurance companies that offer other kinds of coverage, like home or life insurance, can be a source of additional savings. For example, Consumer United members get 20% off Bunker Hill home coverage rates if they sign up for Plymouth Rock auto insurance.
* EXCEL IN COLLEGE
As a Consumer United member, Plymouth Rock offers an additional 5% off to college students who maintain a 3.0 GPA or B+ average while in school. To receive the discount, submit your transcript to Consumer United when signing up.
* TAKE DRIVER'S ED
Insurance companies usually cut customer rates for those who have completed a driver's training, or driver's ed, program. Plymouth Rock offers an additional 5% reduction in rates with standard driving training. To qualify, the customer must provide a certificate of course completion.
* DITCH TOW SERVICE
If you're already a member of an auto club like AAA (American Automobile Association), there's a good chance you already have access to free tow service. Cut the option on your insurance and save some cash.
* ASK FOR SENIOR DISCOUNT
If you're at least 65, you're eligible for 25% discount on your premium, according to the Division of Insurance. To qualify, you must have at least six years of driving experience and your car must be for personal use, not business travel.
* CUT PERSONAL INJURY
According to the Massachusetts Division of Insurance, it might be worth reducing the personal injury coverage of those named on your auto insurance policy, especially if you already have medical and disability insurance.
* RIDE THE T
If you take the bus or T to work on a regular basis, and your car stays in the driveway, most insurers offer a premium discount of as much as $75.
* DROP COLLISION
Are you driving an older model car? If so, you may want to kick your collision coverage to the curb. Before you shop for insurance, find how much your car is worth using a service like Kelly Blue Book.
* ENSURE MULTIPLE CARS
Some insurance companies will extend discounts on some fees to customers who buy coverage for more than one vehicle.
Want to learn more? Check out this "Ways To Save" guide from the Automobile Insurers Bureau of Massachusetts. Meanwhile, click here to get a quote.
