5 Simple Ways to Lower Your Auto Insurance Premiums Today
Introduction
Auto insurance is a necessity, but that doesn’t mean you should overpay for it. If you haven’t reviewed your policy in the last 12 months, you are likely missing out on significant savings. Here are five proven ways to lower your rate.
1. Bundle Your Policies
This is the most effective way to save. Most companies offer a 10% to 25% discount if you keep your auto and homeowners (or renters) insurance with the same carrier.
2. Increase Your Deductible
If you have a clean driving record and some savings, consider raising your deductible from $500 to $1,000. This can lower your monthly premium by as much as 15-30%.
3. Ask About “Hidden” Discounts
You might be eligible for discounts you didn’t know existed:
- Good Student: For drivers under 25 with a “B” average or higher.
- Low Mileage: If you work from home and drive less than 7,500 miles a year.
- Safety Features: For cars with anti-theft systems or advanced driver assistance.
4. Review Your Coverage on Older Cars
If your car is worth less than $3,000, you might be paying more for “Collision” and “Comprehensive” coverage than the car is actually worth.
5. Shop Around Regularly
Insurance rates change constantly. A company that was the cheapest two years ago might now be the most expensive.
Summary
Saving money doesn’t mean sacrificing protection. Contact our agency for a quick “Rate Check” to see if we can find a better price for your current coverage.