Want to Save Even More Money on Your Car Insurance?

Believe it or not, there are even more ways to save money on car insurance. As you have heard already, when you look around, you can find ways to save money on just about everything. It is also important to know that you probably have not heard them all, either.

As you know, rates on many things are often reduced if you belong to a particular membership, or club. Philip Reed at Edmunds.com, says that this is also true about automobile insurance, too. Although there is a membership cost, it usually will enable you to lower your insurance costs enough to offset the price of the membership. One such membership that cones with this type of benefit is AAA. Another group may even be your alumni association or another professional group you belong to.

Membership in this type of club may also give you other discounts, too, such as reduced rates in hotels and restaurants. Belonging to such a group could save you as much as 15% for a hotel - according to Philip Reed. This sounds like an excellent and possibly fun way to get discount car insurance and save money.


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Consumers Could Pay More for Car Insurance with New "Cash for Clunkers" Program, According to InsuranceFusion.com

Auto buyers participating in the new 'Cash for Clunkers' program should be aware of the financial impact to their auto insurance premiums" says Tom Costa, spokesperson for InsuranceFusion.com, an online auto insurance marketplace. He explains, "The new legislation recently signed into law by President Obama and referred to as the 'Cash for Clunkers' bill and now official known as CARS (Car Allowance Rebate System) will affect auto insurance costs. It's important to know how to make sure you're getting the best deal on car insurance in these difficult economic times." The CARS program lets consumers with older, gas-guzzling vehicles earn up to $4500 in rebate dollars. The catch is that consumers do not get the trade-in value of the vehicle, only the rebate, and only if their new car gets better mileage than the old one. Costa continues, "Consumers that opt to participate in this program and get a new more fuel-efficient vehicle may think that their auto insurance premiums are sure to go up. It's important that consumers do their homework because there are insurance discounts of up to 10% if a consumer buys a hybrid vehicle and many insurers also offer 'Safe Car' discounts of 5% or more". Visit the Insurance Institute for Highway Safety to compare car insurance quotes from many different companies and find out which vehicle and which company has the lowest insurance rates." He concludes, "Even if a consumer chooses to stick with their current vehicle, they can still save money. Review your policy to see if you have driven less than in previous years, if so contact your insurance company. You may be eligible for a lower premium based on the number miles driven annually. Also know that insurance costs vary dramatically from company to company and from year to year. Since insurance rates are cyclical, it's smart to shop every year to make sure you're still getting the best price on car insurance."


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