If your budget’s tight and you need to shave a few bucks off of your insurance premium, then consider these tips.

Increase Your Deductible

One of the quickest ways to reduce your auto insurance premiums is to opt for a higher deductible. The deductible is the amount you’re required to pay, when you file a claim, before your insurance policy kicks in.

Before you change your deductible, though, be sure that you would be able to afford the larger deductible. You may want to have a chunk of money saved before you adjust the deductible.

Ask About Multi-policy Discounts

MultiPolicy

Most insurers will give you a discount if you insure more than one thing with them. Ask if you can get a discount for adding another vehicle or if you bring over your homeowner’s insurance.

Investigate Employee Discounts

EmployeeDiscount

Touch base with your company’s HR department and find out if you are eligible for any insurance discounts. It’s a quick conversation that just might have a huge payoff.

Comparison Shop

ComparisonShop

You’d be surprised how diverse the quotes can be for the same coverage from different companies. With so many insurance companies with slick websites, it’s never been easier to comparison shop. Or, even easier, find an independent insurance agency, like Deseret Insurance, and let them do the rate shopping for you. Most independent agencies work with multiple carriers.

Drop Unnecessary Coverage

If your car is getting older, then you might consider dropping unnecessary coverage. As cars depreciate, the benefit of collision coverage diminishes. If you’ve got an old beater, then liability-only coverage might be the perfect fit—and it’ll save you a huge chunk off of your premium.