Drivers may have more control over the costs of their auto insurance than they think. If you are interested in saving on car insurance, it's time to be proactive. Here are some steps you can take today to save on your auto insurance.
1. Ask about discounts.
Auto insurance companies offer a variety of discounts on their policies. To take advantage of them, you need to be aware of them. Ask your agent about any discounts you may qualify for, including:
• Safe driving discounts
• Good student discounts
• Multi-car discounts
• Car security and safety system discounts
These discounts can save you significantly on your auto insurance premiums.
2. Increase your deductible.
Increasing your deductible is a quick and easy way to reduce your car insurance rates. When you take on a greater share of the risk, auto insurance companies frequently give you discounted rates. Ask your agent how raising a deductible from $250 to $500 or from $500 to $1,000 will impact your payments. Keep in mind, this increases your out-of-pocket obligation in case of a claim, however.
3. Improve your credit score.
Insurance companies have found a correlation between an insured's credit scores and the risk of them filing a claim. It may not be a quick fix but improving your credit rating can have a positive impact on lowering your insurance premiums.
4. Bundle your insurance.
Many insurance companies will offer car insurance discounts if you also purchase a homeowners' or renters' insurance policy with them. Ask how bundling your policies may save you money.
5. Make payments automatically.
An easy way to earn a discount on car insurance is to pay premiums through an auto-pay system. Payments are automatically deducted from a debit card, checking account or charged to a credit card. This also assures your insurance stays in force.
Another key to saving on auto insurance is to maintain a good driving record.
If you should happen to get married, let your auto insurance agent know to see if that qualifies you for additional savings. If you have any questions about your auto insurance or would like a no-obligation review, we invite you to contact us.