Saving on car insurance sounds like a scam considering the increasing premiums on good coverage, but simple tips can lead to saving big on your insurance policy and it doesn’t require switching to a red flag raising small insurance company. While it may seem like a piece of paper that is required to spend more money on your commute, car insurance serves an important role in car ownership and maintenance. However, with some easy tips, you can get similar coverage with less money out of your wallet.
Many who buy an insurance policy don’t look far enough into their deductibles. When you don’t have a car accident, you don’t often worry about your deductible. However, when the time comes, the amount you have to pay out of pocket comes down to the deductible you chose. Some insurance companies offer a diminishing deductible. This means the longer you go without having a claim, the lower your deductible becomes. If you are a safe driver, it’s worth talking to your adjuster about the option.
Choose the Right Car
Grandmom’s old sedan may not have been the most attractive car on the road but it had a much lower insurance premium compared to the CEO’s sports car you found yourself ogling. Insurance rates are based on a lot of factors such as driving record, the location you will be driving and your age. However, the type of car you insure also has bearing on your premium. Some cars are cheaper to insure because they are either deemed safer or the repairs would not be as costly. Driving a Mercedes Benz compared to a Honda is much more expensive for this reason.
Check Your Rate
Just as your physical body and your vehicle need checkups, as do your insurance policies. There may be ways you could be saving now that you are a more experienced driver or now that your marital status has changed. Further, if you now attend a university and have gotten on the dean’s list, there could be a major potential for discounts. Be sure to regularly check your rate to ensure you aren’t missing a big opportunity.
Contact an ABCO agent today if you are considering a new policy. Whether you are a brand new driver or have just purchased a home and are considering bundling your insurance, we can help find a policy to fit your needs.