Emma Gutierrez: Hello, I am Emma Gutierrez with Wells Fargo and Company. Today we are talking about ways you can save money on your Auto Insurance. Auto Insurance rates are generally based on a number of factors, including the area you live in, your driving record and the type of vehicle you drive. The single most important thing you can do to get the best possible rates on auto insurance is to get multiple quotes and compare them. Prices can vary greatly from one insurance company to another and they change often. You can even save time and possibly money by working with an insurance agency that represents multiple insurance companies. And don't forget to ask your insurance agent about bundling two or more types of insurance, such as Auto and Renters or Auto and Homeowners to receive a discount on your premiums. Another easy way to reduce your insurance cost is to raise the deductibles. Deductibles are what you pay out of your own pocket before your insurance policy kicks in. By requesting higher deductibles, you can lower the cost of you premium. You should also research the discount that could be available to you. For example, you may qualify for discount if you haven't had any accidents or moving violations in the past three years. Other discounts are available for installing antitheft devices, taking defensive driving or drivers ed courses. Having low annual mileage or being a student driver with good grades. Shopping for a new car, before you buy check out the cost associated with insuring the vehicle. Insurance premiums are based in part on the cars price, the cost to repair it, its overall safety record and the likelihood of theft. While you add it it, don't forget to reduce the coverage on older cars. A good measure to use when making this decision if your car is worth less than 10 times the annual premium, purchasing collision or comprehensive coverage may not be cost effective and finally maintain a good credit record. Most insurers use credit information as a factor in pricing auto insurance policies. And research shows that people who affectively manage their credit have fewer claims. By establishing a strong credit based insurance score, you can cut your insurance cost.