The article gives you information on How to Keep Auto Insurance Premiums Low. Car insurance costs are skyrocketing and your premiums can soon put a strain on your budget, if they aren’t already. Luckily, there are ways to make sure that you are getting the best deal on your auto insurance rates. Read on to find out how you can start saving on your auto insurance premiums today.
There is no law that says you are stuck with one insurance company once you have signed on with their company. You are free to switch providers at any point! Insurance companies know this and have become very competitive with each other and this works in your benefit. Whether your policy is coming to an end or you are in the middle of your current policy, getting quotes from different companies is a smart idea.
Raise Your Deductible
Many vehicle owners make the mistake of setting their deductibles at $250 thinking that they won’t be able to afford more should they have to make a claim. By raising your deductible to even just $500, you can save up to 12 percent on the cost of your premiums. If you raise it to $1000, you can save up to 25 percent! This can result in a significant savings. Before you adjust your deductibles, however, be sure to contact your loan holder; they may have restrictions on just how high a deductible you can carry.
Premiums are lower for people that drive less frequently. If you have access to public transportation or can find a carpool, it’s in your best interest to utilize those options. Car insurance costs less for people that drive under 10,000 miles per year. Figure out a way to lessen your driving and you can save big.
Ask for Discounts
There are many discounts offered by insurance companies and many of them aren’t advertised or even offered. Unless you ask, you may not be told about the discounts you qualify for. If you have recently gotten married, had children, moved to a safer area or even graduated from college, you may qualify for a reduced rate. And, even if you don’t, nothing is lost by asking!
It is common knowledge that people who file claims see a rise in their premiums. What many people don’t know is that the opposite is true: if you steer clear of accidents and traffic tickets you can decrease your premiums. Car insurance companies love safe drivers. If you maintain a clean driving record for three or more years you can often see a significant discount in your rates.
Just because you already have an auto insurance policy doesn’t mean that you are tied into it. Don’t be afraid to look at other companies or to even contact your current agent and discuss discounts. No one is going to come knocking on your door offering to save you money! Finding creative ways to lower your premiums is up to you.