In today’s crazy economy, most folks want to save money anyway possible. One good way to save a little extra cash, is to be sure you are getting the best deal possible on car insurance. Here are a few tips on how to save money on car insurance.

1. Be sure you are getting all the discounts possible. Many insurers have a car-safety discount. If your car has air bags, anti lock brakes or car alarms you might qualify for this discount. Also, there are good driver discounts, good student discounts and long-time customer discounts. If you have to carry home owners insurance, it may be a good idea to get your car and home-owner’s policy with the same insurer as well. Many companies offer discounts if you have more than one type of coverage with them. Along this same line, look into multi-car discounts. One other discount you might qualify for is a low-mileage discount. Certain insurers offer discounts to drivers who stay under a certain amount of miles yearly on their cars.

2. It is very important to shop around. Get at least three quotes. There can be quite a difference in price for the same type of coverage from company to company, so it can really pay off to do a little comparison shopping.

3. Understand your credit score affects your insurance rates. Statistics show that drivers with higher credit scores have fewer insurance claims. So raising your credit score can help you get lower insurance rates.

4. Buy a low risk car. Cars that are targeted for theft, are costly to repair and don’t have good safety ratings, will cost more to insure. Before you purchase a new car, compare premiums on different models.

5. Consider your deductible. Your premiums will go down if you have higher deductibles. Be certain, however, you can cover the deductible in case of an accident.

6. Don’t ever let your policies lapse. If you have had lapses in coverage, it will be harder to get insurance and it will be more expensive.

7. Pay for the policy in full. Paying yearly, instead of making monthly installments will save on fees and other billing costs you might be charged for.

8. Review policies regularly. You may be carrying more liability coverage than you need. You might also find that the broken down car in the driveway is still on the policy.

9. Consider installing on-car cameras for teen drivers. These cameras are installed inside the car and give you video on how your teen is driving. You may be able to find a company that will not only offer a discount on this option, but will provide you with the camera. These cameras can not only save you money, but are shown to reduce risky teen driving, they might save you some heartache as well. Another option along this line are global positioning systems, these devices not only track where the teens are driving, but if they are speeding as well.