Tips to Cut Your Car Insurance Premiums

April 5, 2011  |  

(MONEY Magazine) — Fed up with the rising costs of driving your car? Here are tips to lower how much you pay for car insurance.

1. Get a new kind of plan.  The scoop: You install a device in your car that monitors how much you drive, plus your acceleration and braking habits.  The fewer miles (and the more safely) you drive, the lower your premium and your gas consumption — no small matter these days.  Pay-as-you-drive plans are available from large insurers such as GMAC and Progressive in 35 states and counting.

Do this: Call your insurer or visit your state insurance regulator’s website to see whether you can apply.

Your savings: Up to 30% if you drive less than 15,000 miles a year.

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