1. Drive Less
Some auto ins companies will offer discounts on your auto ins premium for low-mileage (driving less than 7,500 miles per year). Do you use public transportation? If so, ask your agent about a commuter discount.
2. Adjusting Deductibles
You can save up to 15% by increasing your auto ins deductible from $250 to $500. It’s a great way to put a little more money back in your pocket, but remember you’ll be out the difference in the event of a claim.
3. Credit Score & Auto Ins
Your credit score is a risk factor for auto insurance companies. Generally speaking, a person with bad credit usually has higher premiums on their auto ins. Know your credit score and report inaccuracies as soon as you see them appear.
4. Business Use & Auto Ins
If you use your car for business use, most carriers will increase your premium. If using the vehicle for business is a must, check with your agent about multi-policy discounts to cut back on some cash.
5. Where you live is important
With more people on the road, there’s higher risk for an accident. Simple math. If you live in a large city, you’re paying more on your auto ins than someone in a rural area. The more people and traffic problems in a specific area, the more risk for accident. This is a big factor for those of you who are considering a move. Get auto ins quotes relative to different areas and see how much you can save.
6. Drive safe
Think before you speed. Ask your auto ins agent for a discount if there have been no traffic tickets or auto accidents with a three year period. One traffic ticket can increase your auto ins premium up to 10%.
7. Purchasing a new car?
Each car carries a different risk factor to your auto ins company. Luxury vehicles and sports cars generally have high premiums because of their risk to theft and vandalism. If you’re unsure, get auto ins quotes on the car you’re thinking about purchasing.
8. Park in your garage!
Autos that stay in garages during the day and night are less likely to be the victim of theft or vandalism or accident. Ask your agent about a reduction in premium if you store your car in a garage.
9. Install a car alarm & additional safety features
Car alarms and tracking systems are becoming less expensive. If you’re buying a new car, check the additional costs of safety features against the cost of your auto ins. Also check for reductions in your premium for safety features such as anti-lock brakes and multiple airbags.
10. Multi-policy discounts
Auto ins carriers often offer discounts for customers who have other policies within their company. This goes the same for multiple vehicles. Check with your auto ins agent and see what you can save.
11. Shop auto ins rates
At Insurance Align, we advise checking your rates with other carriers at least 30 days before your auto insurance policy is set to renew. And the good news is, you can do it all right here!