#1 Raise your deductible. It’s a gamble, sure. You’ll be responsible for a larger amount of the bill should you get into an accident. However, this is a guaranteed way to lower your annual insurance costs.

#2 Shop around. Staying with the same insurance company year after year may not be in your best interest. You can cancel or change your policy at any time-you don’t need to wait for the policy to expire. So shop your insurance every six months and compare prices to ensure you are getting the best deal.

#3 Remove unneeded extras. Although knowing you have towing and rental car coverage may help you sleep at night, those add-ons are rarely used and not necessarily worth the cost. You pay between and a year over the life of your policy to cover towing. And in the unlikely situation that you need a tow, you’ll pay about 0. Likewise, a small economy car costs – a day to rent and car rental tacks on another – to your insurance bill each year. So you can sleep well knowing that you saved yourself some money.

#4 Protect your credit. More insurers have begun using credit-based insurance scores to determine what you pay for your policy. So paying the water bill on time will actually keep your insurance costs down.

#5 Research discounts. Cars with safety and anti-theft devices cost less to insure. You can also knock off a few bucks if you insure your car and home with the same company. People who abstain from alcohol, get good grades in school or take a driver education course are also rewarded with lower premiums.

#6 Get informed. The easiest way to save on any insurance is to research before you buy. And get recommendations from family and friends.

And now for the shameless plug: shop here to find quotes and matched with agents from your area.

Then you have come to the right place. We specialize in providing tow truck insurance to tow truck owners and tow truck business owners. Whether you are one person or have an entire fleet of tow trucks, you can get the tow trucks insurance you need right here.
Video Rating: 0 / 5

More Towing Insurance Articles

Towing insurance

Question by Luke: I have a flat towing insurance question can someone help?
I’m towing an un-registered, un-insured Truck with a ridgid A frame tow bar.

Will the liability insurance on the Truck TOWING the uninsured truck transfer over to the said vehicle if any thing were to go wrong?

I live in VA

Thanks

Best answer:

Answer by bigpapa
It should.

Add your own answer in the comments!

Rancho Cucamonga, CA (PRWEB) May 27, 2011

As anyone with this next Monday off knows, this weekend is Memorial Day weekend, the unofficial beginning of summer, when many motorists will be heading onto long stretches of highway for the first of their summer road trips.

While not wanting to damper the excitement that road trips bring, Online Auto Insurance would like to remind motorists that the increased number of cars on the road can translate to increased risk, and safety should be kept in mind. Memorial Day weekend was the holiday period with the highest volume of crash-related deaths in 2009, according to the National Highway Traffic Safety Administration.

Source: http://www-nrd.nhtsa.dot.gov/Pubs/811402EE.pdf

Motorists should also consider that with long summer road trips comes the increased possibility of a vehicle breakdown. AAA recently announced that it expects to aid an estimated 3.7 million motorists with towing assistance between Memorial Day and Labor Day. That represents a large amount of tows this summer and, if drivers don’t belong to auto clubs or have coverage for towing, a lot of money coming out of consumers’ pockets and going into towing companies’ cash drawers.

But consumers who research how much is automobile insurance to cover towing costs will find that it can end up being very cheap. A California premium analysis of 18 sample quotes run by OnlineAutoInsurance.com showed that the annual price of adding towing insurance to a policy could be between $ 4 and $ 74 a year, depending on the provider. Oklahoma regulators have said that towing-and-labor coverage in that state could cost between $ 1.50 and $ 12, although it doesn’t say whether those are six-month premiums or annual premiums.

To learn more about this and other coverage issues, readers can go to http://www.onlineautoinsurance.com/quotes/how-much-car-insurance-costs.htm where visitors will have access to informative resource pages and a quote-comparison generator that can help drivers in any state find the best rates for a policy.

###

Tags: Insurance, MoneySaving, Tips