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Now that we’ve presented you with some leads on resources, how about taking a look at some general tips for lowering your auto insurance rates? What can you do to keep your rates low? In my case, as part of my plan to try to live on a leaner budget, I’ve decided to look into ways to try to economize on insurance. One thing I wouldn’t recommend is to skip on the insurance altogether, since your assets (home, investments, savings) can be placed at risk if you ever get into an accident where you incur a lot of damage.

Here are a few ideas for keeping your car insurance rates down:

1. Ask for a multiple car discount. Since we have more than one vehicle, this is something I can request from my insurer. In my neighborhood, boats are popular — can the insurer who takes care of your other insurance needs handle your cars as well? Talk to the agent who handles your home or renter’s insurance, too. They might be happy to give you a discount for the additional business.

2. Raise deductibles if it makes sense. The kind and amount of auto insurance coverage you want will affect your rates. With higher deductibles, I pay less in premiums, which I can put towards my savings instead.

3. Know your liability limits for your state. Weigh your risks for lowering your auto insurance coverage to the minimum required by your state. Your profession, assets, age and driving record can affect this decision.

4. Maintain good credit. If you’re shopping for car insurance, the car insurance quote services will most likely ask you to assess your credit rating — a sign that those with bad credit will earn higher quotes.

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