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According to the IRS, the average tax refund is up 10% from last year - that's $266 more per household. Many of us will look to pay down our bills or bolster our savings accounts with our refund checks. While tax refunds are timely, the money you can save by reducing your auto insurance premium can pay dividends over the long haul. Here are 10 simple savings tips that can shave hundreds of dollars off your auto insurance bill this year, and for years to come.

1. Compare Quotes, Save $$$
An independent study found that drivers who compared free quotes and switched their insurance in Utah saved an average of $311.00 on a six month policy. Consider the savings over a year!

2. Raise Your Deductible - Save Up to 40%
Increasing your deductible from $250 to $1,000 could save you up to 40% on your comprehensive/collision premium.

3. Multi-Policy Insurance Discounts - Save up to 15%
Bundling your car and home insurance with the same insurer could save you up to 15% on both policies.

4. Safe Vehicle Discounts - Save up to 10%
Many insurers offer discounts for vehicles equipped with air bags, car alarms, anti-lock brakes and other safety features.

5. Good Students/Senior Discounts - Save up to 5%
Students who maintain a 'B' average may qualify for a good student discount, and drivers over 50 may be offered a discount too. Also alumni groups or chamber of commerce groups receive discounts. Teachers, police officers and many other professions are entitled to discounts as well.

6. Pay in a Lump Sum - Save $60 or More Annually
Administrative fees are sometimes applied to monthly installment payments. Even $5 each month will cost $60 annually. Auto Owners Insurance offers a 5% discount if you use a 1 time full payment option.

7. Good Driver Discounts
Many states are required by law to offer discounts to good drivers. If you haven't had a ticket or accident in the past 3 to 5 years, you probably qualify.

8. Tickets? Accidents? Don't Overpay!
If you've had a ticket or accident, compare free quotes and see what options you have for rates.

9. Drop Unnecessary Coverage
Are you paying for coverage you already have elsewhere, like towing services or roadside assistance? If so, eliminate unnecessary costs and save money.

10. Drive Less, Pay Less
Many insurance companies offer discounts to drivers whose annual mileage is low, so driving less could save you money.