The Importance of Insurance

Ways to Reduce Your Auto Insurance Rates

25 January 2023

Katrina Terry

 Most people know they can shop around to find lower auto insurance rates. But what else can you do to reduce your rates? Fortunately, there are a few steps you can take.  Here are several great and simple steps to take to have lower auto insurance premiums.

Maintain a Good Driving Record

Your driving record is one of the most impactful factors which determines your auto insurance rates. People who drive safely pay less money for their coverage. So if you have a good record, keep up the good work. On the other hand, if your record has some blemishes, you should aim hard to avoid getting any more. You will save money by maintaining a good driving record. 

Park Your Vehicle in the Garage

Did you know that your rates might drop if you park your car in a safe location? Auto insurance agents often ask if a person parks outside or inside. They ask this question to determine the vehicle's risks while at home. Your car insurance agent will tell you that parking in a garage reduces the risks of theft and weather damage. As a result, you might save money if you can move your car into a garage.

Increase Your Deductible

If your policy has a deductible, find out if you can raise it. You'll only have deductibles if you have comprehensive or collision coverage on your vehicle. If you have liability-only, you won't have a deductible. If you have coverage that requires a deductible, raising it will help you save money. You'll cut your insurance rates by increasing it even a little. Ask your agent to find out how much a change will affect your rates.

Remove Coverage You Don’t Need

Finally, you can save money by removing coverage you don't need. For example, if you have an older car, your collision coverage deductible might not be much lower than your car's actual value. Your policy rates will drastically drop when you remove the collision coverage from your policy. Your agent can help you decide if there are any coverage types you can safely remove to save money.

Contact an Auto Insurance Agent

The best way to cut your costs is by talking to a car insurance agent. Tell them you feel like you're paying too much for your current policy. Then they can evaluate your situation, and help you look at different options for saving money.  

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