Your New Year Auto Insurance Checklist

The New Year is upon us, and it’s a great time to start out fresh. That may mean trying to quit a bad habit, starting up a good one or just setting some goals to achieve. It’s also a good time to review your financial accounts, and to make sure you’re saving as much as you can on your car insurance.

Here’s a helpful checklist of ten items to make sure you’re getting the best price in 2011:

Consider Shopping Around – If you have been with your insurer for two years or more, you should shop around before you pay for your next policy. You might save some cash!

Pay Off Those Parking Tickets – Having any sort of outstanding traffic violation could end up affecting how much you pay for car insurance. Many companies keep tabs for three years on some infractions.

Switch Payments From Monthly to Biannually – If you can afford it, it usually costs less to pay for your auto insurance in bigger chunks semiannually rather than paying monthly.

How is Your Deductible Doing? – Do you know how much your deductible is in case of damage to your car? You may want to consider paying a bit more for a lower deductible, if you can afford it.

Use Yearly Policies – You can lock in a lower rate if you opt for a policy that that is for one year rather than six months. If you feel comfortable with this arrangement, you’ll save money.

Two Cars are Better Than One – Covering more than one vehicle with your insurer will be cheaper than having policies with two different providers.

Group Discounting – Did you join a professional organization, credit union or trade group in the past year? You might want to find out about getting a better rate through possible group programs.

Go Paperless – Instead of paying your bill via snail mail, it’s cheaper to get your policy charged to your credit card, or by using auto-pay through your bank account. Find out more from your insurer.

Anti-Theft – Devices that deter thieves can save you money on your policy. If you have a car, think about a keyless alarm, or maybe The Club if you want to go old-school. Buying a new car? Inquire at the dealership about your options.

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