“My automobile insurance is SO inexpensive.” said no one, ever.
The fact is most are overpaying for auto insurance because they either 1.) don’t know there are easy ways to save or 2.) they don’t need or want to save money.
We are going to assume #2 above doesn’t apply to you and assume perhaps #1 does. Saving money on auto insurance doesn’t have to be difficult. Here are five of the easiest things you can do to save money on your auto insurance.
It used to be one had to make large annual or semi-annual insurance payments to get a discount on auto insurance. Today, drivers can get similar discounts just by signing up for auto-pay. This makes your payments automatically using a checking account, debit card or credit card. Late payments and client turnover can be costly for an insurance company so they are willing to give you a discount just for paying automatically.
Odds are you may have renters or homeowners’ insurance anyway. If you “bundle” these with your car insurance it will likely result in a discount. It couldn’t be easier!
The deductible is the amount of out-of-pocket expense you will incur before your insurance proceeds kick in. If you have a $5,000 claim and a $500 deductible, for example, your insurance company would pay $4,500. Raising your deductible increases your share of the risk. The insurance company provides a discount because of it.
One of the easiest and best ways to save money on anything is to comparison shop. This is also true for auto insurance. Compare rates but make sure coverage is similar or the same as you compare. You may be surprised how rates can vary from company to company.
Alright, maintaining good credit may not always be easy but it can save you money on your auto insurance costs. Many don’t realize that along with your age, driving record and make and model of car, credit scores play a significant role in automobile insurance rates.
If you want to make sure you are paying as little as possible on your car insurance, contact us. We can help make sure you get every discount you qualify for. Stop overpaying for your automobile insurance. Let us go to work for you today!
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