Editor’s note: This is a transcript of the audio file.
Gas prices are rising again, meaning that if you want to hold down the cost of driving you’ll have to do it in other places, and not your fuel tank. Your car insurance is a good place to look for savings. I’m Doug Whiteman with your Bankrate.com Personal Finance Minute.
The car insurance business is very competitive, so companies are rolling out new discounts all the time in hopes of reeling in customers. You could get a break on the price depending on the work you do. Some insurers give deals to doctors, teachers and scientists in the belief that those workers generally aren’t risk-takers. There are discounts if you have good credit, if you serve in the military, or if the young driver on your policy gets good grades. You could qualify for a lower rate if you’re a member of a sorority, if you agree to receive your auto insurance premiums via email, instead of through the regular mail, or if you have an anti-theft device such as a car alarm. Insuring your car through the same company that provides your homeowners or renters insurance also can save you money.
For more on getting every auto insurance discount you can, visit the insurance section at Bankrate.com. I’m Doug Whiteman.