Auto insurance premiums always seem to be on the rise. For some, that’s unavoidable. However, for many, there are a few easy ways to reduce auto insurance premiums.
Utilize the same insurance company: Unlike the stock market, diversification does not usually lower your insurance costs. Being a loyal customer of one insurance company for several insurance products (home, auto, life) can help bring down total costs.
Reduce your driving distance and risks: Auto insurance companies make some of their decisions about premiums based on the amount of time you spend on the road and your driving history. If you can reduce your time on the road and any negative marks on your driving record, you’ll probably see a clearer path toward reduced premiums.
Choose your vehicle wisely: It’s no secret that an expensive hot-rod sports car will be more expensive to insure and, to some, may be more likely to be involved in a crash. Doing a little bit of research about the vehicle you plan to purchase on websites like www.kbb.com and www.edmunds.com or exchanging your vehicle for a safer one could go a long way toward reducing your auto insurance payments.
Ask your insurance agent: Many drivers are unaware there are discounts based on safe driving, age, professions (such as teaching and military service), and other factors that can help bring their premiums down. Asking your insurance agent will help ensure that you’re getting every discount you can to reduce your auto insurance premium.
If you want to see where you can save on your policy, give us a call.