Insights on Lowering Your Auto Insurance Premium

With auto insurance rates rising, it is more important than ever to make every possible effort to lower our premiums. Luckily, there are some simple ways to help you save money on your auto insurance premium.

Practice Safe Driving

Driving safely at permitted speed can help you avoid accidents and violations, which can help you qualify for discounts and lower premiums. Additionally, many insurance companies offer discounts for drivers who have taken a defensive driving course that can help them be aware of the road and drive cautiously. Also, you must avoid driving at night. Nighttime driving can be more dangerous due to reduced visibility, and insurance companies consider it risky and may increase your premium.

Maintain a Good Credit Score

If you have a good credit score, you can get a lower rate. To improve your credit score, make sure you pay your bills on time, avoid opening too many new accounts, and avoid using too much of your available credit. Also, you should avoid applying for too many loans or credit cards at once. Check your credit report regularly to make sure there are no errors that could be affecting your credit score.

Have a higher Deductible

A higher deductible means that you will have to pay more out of pocket if you get into an accident. However, the amount you save on your premium can be significant. Before you increase your deductible, make sure you have enough savings to cover the deductible in case you need it. You should also price the change, as increasing the deductible may result in increasing out of pocket for a claim costs without any significant premium savings.

Explore Discounts

Many insurance companies offer several discounts to help you save money on your auto insurance premium including good driver discounts, multi-car discounts, discounts for being a loyal customer, installing a car alarm or other security features, safety features and even for having certain college degrees. You should also look into any discounts offered by your employer or other organizations you may be a part of.

Review Your Policy

Review your auto insurance policy regularly to make sure it is up to date and check for any changes in coverage that could affect your premium.  You should also make sure to exclude the coverage you don’t need. For example, if you have an older car, you may not need collision coverage, and waiving that can help you save on your premium.

Shop Around

Different insurance companies offer auto insurance policies at different rates, so it is important to get quotes from multiple companies and compare them against the coverage they offer. This will help you choose the provider that offers comprehensive coverage at an affordable cost.

Ask for a Lower Rate

If you have been a loyal customer for a long time, you may be able to get a lower rate. Most insurance companies offer discounts for customers who have been with them for a while. You should contact your insurance company and ask if they have any loyalty discounts available.

Bundle Your Policies

If you have more than one insurance policy, such as homeowners insurance or life insurance, you can bundle them together and save money on your auto insurance premium. Many insurance companies offer discounts for bundling policies.

Saving money on auto insurance doesn’t have to be a daunting task anymore. Just follow these tips and save a considerable amount on your auto insurance.

Stay Protected on and Off Roads with Lou Aggetta Insurance

At Lou Aggetta Insurance Inc., we offer an all-inclusive auto insurance policy to protect your vehicle at every turn. Contact our insurance professionals today to find the right car insurance at a cost-effective rate.