The cost of auto insurance can vary depending on the types of coverage you buy, and the kind of car you drive. Below are a number of things you can do to lower your insurance costs.

1.       Ask for Higher Deductibles
A deductible is the amount you pay for a covered loss before the insurance company begins picking up the bill. By requesting higher deductibles on collision and comprehensive coverage, you can lower your premium costs substantially.

2.       Drop Collision and/or Comprehensive Coverage on Older Cars
No insurance policy will pay more on a claim than your car is worth. It may not be cost effective to buy collision or comprehensive coverage on cars worth less than $2,000 because your claim payment wouldn't be much more than your annual premium and deductible.

3.       Buy a "Low Profile Car"
Before you buy a new or used car, check what it would cost to insure. Cars that are expensive to repair, or that of higher rates of theft, have much higher insurance costs.

4.       Take Advantage of Low Mileage Discounts
Some companies offer discounts to motorists who drive fewer than a predetermined number of miles a year.

5.       Find Out About Automatic Seat Belt, Air Bag or Alarm System Discounts
You may be able to take advantage of discounts on some coverage if your car has automatic seat belts and/or air bags or an alarm system.

6.       Ask About Anti-Lock Brakes
Anti-lock brakes improve steering control and stability when a car is brought to a stop, thus reducing accidents. 

7.       Inquire About Other Discounts
Some Insurance companies offer discounts for having more than one car or multiple accounts (as home & auto insurance with the same carrier), no accidents in three years, drivers over 50 years of age, driver training courses, group rates discounts.

THE GAP....   EVERYONE KNOWS A CAR DEPRECIATES IN VALUE GREATLY WHEN YOU TAKE THE FIRST DRIVE OFF THE DEALERS LOT. IF YOU TOTAL YOUR CAR, YOUR INSURANCE PAYOUT WILL BE FOR THE VALUE OF THE CAR AND MAYBE A LOT LESS THAN WHAT YOU PAID OR WHAT YOU STILL OWE ON THE VEHICLE. SINCE YOU'LL BE RESPONSIBLE FOR THE DIFFERENCE, YOU MAY WANT TO PURCHASE GAP INSURANCE TO PROTECT YOURSELF. MANY CAR LEASE CONTRACTS REQUIRE YOU TO HAVE THIS INSURANCE . IF YOU FINANCE A VEHICLE THROUGH A BANK, GAP INSURANCE MOST LIKELY WILL NOT BE INCLUDED. ASK YOUR REPRESENTATIVE FOR SUCH COVERAGE, MANY INSURANCE COMPANIES SELL GAP INSURANCE .

* Did You Know ?  16-year olds are the most accident-prone of any age group, three times more likely to crash than 18-year old.