As long as you have a vehicle, you will need a car insurance policy. It’s one of the best ways on how you can reduce the costs you may incur when you meet an accident or suffer from an injury.

However, these types of insurance policies don’t cost little. You may have to spend a considerable amount every month, so you might as well know how to save:

1. Compare quotes. You can save as much as 30 percent of the insurance costs just by comparing the different policies. The Internet can be helpful in this department. There are comparison websites that can generate several quotes in a matter of seconds.

2. Opt for a home and car insurance. You can actually get an insurance combo package. The best option will be a car and home insurance. The good thing about this is you can go lesser with either one of them. You may save a fraction of the total possible cost you may spend with your home insurance by opting for this kind of plan.

3. Think about the added health insurance. Another possible combo is health and auto insurance. Unless you’re a very sickly person, there’s no need to take this kind of plan because you really don’t require the health insurance policy in the first place. Hence, you can reduce your auto insurance costs.

4. Don’t buy a very expensive car. When it comes to auto insurance, you will spend less on a Honda than on a Camry. This is because more expensive and flashier cars are favorite targets among thieves and robbers. You will definitely require a higher insurance coverage.

5. Avoid the comprehensive coverage for old cars. If you’re driving an old car, it is not advisable to obtain a comprehensive coverage. Your claim will never be enough to cover the cost of the old car.

6. Know how to file a claim. Not a lot of policy holders are aware that there’s a deadline when it comes to filing an insurance claim. Usually, you will be given only 90 days to present your documents and your case to the insurance company. Others will allow up to one year, but this seldom happens and only when you have a very valid excuse.

When you don’t get to file the claim at the right time, there’s a very slim chance you will receive something from the company.

7. Be a good driver. If you’re planning to apply for the same policy, then make sure that you will have an excellent driving record. You should not have speeding tickets or have met an accident such as collision or an injury during the coverage period. Otherwise, you can expect your premium to skyrocket.

8. Increase your deductibles. A deductible is an amount you deduct from your total cost before the insurance coverage kicks in. To go cheap on the premium, you can increase your deductible.

9. Determine how to get discounts. Some companies will offer discounts to policy holders, which will save them around 20 percent. Normally, discounts are extended to those who have low-risk occupations, good drivers, or owners of vehicles with extensive security features.