Cheap Car Insurance Tip #5: Get a higher deductible.

While it may seem silly or even a bit counter-productive to ask your insurance agent for an increase in your deductible when you are actually trying to save money on your auto insurance, but you have to consider it in the proper context. The deductible is simply the amount of money that you will have to pay out-of-pocket before your insurance company will be willing to reimburse or pay you in the event that you make a claim with them. And this may surprise you; but asking your insurance agent for a higher deductible will actually lower your auto insurance premium every single time.

On average, you will be paying nearly $1,000 dollars for auto insurance on just one vehicle every single year. But once again on average, you will only need to make an insurance claim once every eight years.  By raising your deductible you will obviously be paying slightly more in the event that you do have to make an insurance claim, but the savings that you will see on your monthly payment will be more than enough to make up for this extra cost (and then some) in the long run.  This is considered one of the best methods to getting cheap car insurance.

If you are smart and able to put away $20 or $30 a month into a savings account, then you will save a good amount of money on your car insurance, and basically have enough for a high deductable should you need it.