5 Ways to Save Money on Auto Insurance

Any day you can save money – without giving up quality – is a good day. Today we’re going to show you 5 great ways to save money on your auto insurance.

Different insurance companies charge different rates. That’s why it’s always best to start with your insurance agent who can (1. comparison shop) for you and present you with different prices. We can help you with our online auto quote tool on our website or, if you’d rather talk to an agent, we’ll connect you with one of our great local agents who can help you find the best auto coverage and make sure you get all the discounts you’re entitled to.

If your car is older, or if you feel you can afford to pay more out-of-pocket should you have a collision with your car or your car is stolen, consider (2. higher deductibles) on your collision and comprehensive insurance. (Your deductible is the amount of money you have to pay before your auto insurance starts to kick in). You’d be surprised how much you can save this way. For example, increasing your deductible from $250 to $500 could save you up to 30% on these coverages.

Once your car gets to a certain age, it starts to significantly lose its value. If your car is older and worth less than $1,000, it’s time to think about (3. eliminating comprehensive and collision) coverages. Your insurance company will only pay you the actual cash value of your car and since it can cost you several hundred dollars a year to keep comprehensive and collision on your auto policy, if your car isn’t worth as much as it once was, it may be time to drop those coverages and save the money you were spending on that insurance for a new car!

Consider (4. bundling) all of your insurance with one insurance company. If you own a home or have a boat or rent a condo, having the same insurance company provide all of your policies for these things will most likely get you a multi-policy discount (sometimes as much as 10-15% off your total bill). Check out all the other insurance discounts that may be available to you too to help lower your premiums. If you have a teenage driver and he or she is a good student, that will save you up to 15% on your auto insurance. Some companies will offer you discounts if you fall below a certain number of miles driven each year. Being married also helps get you auto insurance discounts. And being a loyal customer with the same insurer for multiple years is also likely to get you a loyalty discount. Ask our insurance agents what discounts you’re eligible for.

The best way you can save money on your auto insurance is to have a (5. clean driving record). If you get speeding tickets or if you have accidents where you’re the person at fault, it will definitely affect your auto insurance premiums. Not only does driving at the speed limit, following all posted signs and focusing on your driving (and NOT texting while driving) help you maintain a clean driving record (which will save you money), it’s also better and safer for you, your passengers and all the other drivers with whom you share the road.

If you’d like to know more ways we can help you save money on your auto insurance, please contact us or get an online quote.