Consumer Alert from the
Utah Insurance Department:
Tips for Saving Money on Auto Insurance
Auto insurance is an important — and oftentimes, mandated — purchase for most Americans. The average annual auto
insurance premium nationwide in 2000 was $687 per vehicle. Here are some tips from the Utah Insurance Department to
help you get the best value for your auto insurance dollar.
1. Maintain a Good Driving Record
Companies charge safe drivers (i.e., free of at-fault
accidents or violations) lower rates for automobile
insurance. Each company has different guidelines to
determine what price an individual will be charged.
2. Comparison Shop
It pays to shop around before buying insurance, since
prices can differ among companies. In addition to cost,
you should also carefully consider other factors such
as service, dependability and the financial condition of
the insurance company.
3. Give Complete, Correct Information
When you call for a quote or fill out an application,
give complete and correct information. Since your
premium quote will be based on this information, it is
very important that your information be as accurate
and complete as possible.
4. Ask About Discounts
Ask your agent or company if you are eligible for
any discounts. Here are some discounts that may be
offered:
• = Two or more cars on a policy
• = Participation in driver education courses
• = Good student driver under age 25
• = Mature driver (between 50 and 65 years of age)
• = Airbags or other safety equipment
• = Anti-theft devices
• = Auto/home insurance on same policy or with
same company
5. Verify Your Information, Policy
When you receive your insurance policy, check that
the information used to determine your premium is
correct. In particular, you should verify that:
• = Your mailing and/or home address is correct
• = Each vehicle is properly classified
• = All discounts to which you are entitled are applied
• = Your vehicle(s) make and model are correct
• = All drivers’ age/birth