Gas is just one expense associated with owning a vehicle. One of the other major costs is insurance. Knowing how to shop for a policy can save you a bundle.

Shop around

Use resources like the National Association of Insurance Commissioners (NAIC) website ( to help make your decision.

Drop what’s unnecessary

You’re only required by law to have liability insurance on your car. Decide if other types of coverage are necessary.


Insurance companies often offer discounts for safe drivers, college students, and low-mileage drivers. You also can save money by completing defensive driver and general driving courses.

Some companies even will put GPS tracking devices in your car, at your option, to determine your driving habits and base your rates on how you drive. 

Bundle to save a bundle

Keep an eye out for companies that will bundle insurance policies such as your renters or homeowners insurance with auto insurance.

Premium vs. deductible

The premium is the payment you make for your policy and the deductible is the amount you’ll have to pay before the insurance kicks in when you make a claim. If you have a savings account for unexpected expenses, increase your deductible to decrease your premium and try to save enough money in the account for repairs.

The professionals at Sun Federal CU can help you set up a special savings account to help with this expense as well as help you save for insurance premiums. Stop by or call (800) 786-0945 today.