How to Save Money on Auto Insurance
Whatever you drive – sedan, sports car or minivan – one thing remains the same … auto insurance is required by law. But that doesn’t mean it has to be expensive. Here are a few ideas for saving money on car insurance.
Maintain a Good Driving Record
Safe drivers cause fewer accidents, and therefore, are at less risk for claims. The better your driving record, the lower your premium. You may even qualify for discounted coverage. Traffic accidents, speeding violations or a gap in coverage can increase your rates.
Ask About Discounts
Ask your agent about discounts for insuring both your home and auto, or insuring morethan one vehicle. Safe drivers and young drivers who maintain a “B” average in school may also qualify for discounts.
Review Deductibles and Coverage
Lower your auto insurance costs by raising your deductibles. Be sure to review yourcurrent deductibles to determine whether you can afford to absorb a larger portion of your loss in the event of an accident. Also, consider lowering or eliminating collision and comprehensive coverage on older vehicles. Maintaining the cost of this coverage may exceed the actual value of your vehicle.
Consider Insurance Costs Before Buying a Car
Before you purchase a new or used car, contact your insurance agent to get a quote on insurance coverage. Cars with a high theft rate or that are expensive to repair often cost more to insure. Talk to your Insurance agent today to see how we can help you save time and money on auto insurance.
If you are interested in a personal review of your insurance program, please contact me.