11 Ways to Save Money on Auto Insurance
Who wouldn’t like to save money on their auto insurance? Here are several ways you can lower your auto insurance premiums without compromising your coverage.
Multiple Policy Discounts
If you have a homeowners or renters insurance policy, and it isn’t with the same carrier as you auto insurance policy, you are paying too much for both. Insurance providers offer multi-policy discounts for drivers who insure both their auto and home. If you aren’t insuring your home with the same insurer as your vehicle, talk to your agent or call Dietz & Bluett Insurance today to save.
Low Mileage Discounts
The number of miles you travel in an average month influences your premiums quite a but. Insurance companies consider 1000 – 1250 miles per month to be average, and drivers who come in below average are eligible to receive lower premiums. Contact your agent or call Dietz & Bluett Insurance today to make sure you are getting the best rates.
Good Driver Discounts
It’s really no secret that people with a better driving record pay less for their insurance, but did you know that many drivers can be designated as “Good Drivers” and can therefore are qualified for discounted premiums? Many people don’t realize this and are overpaying for their auto insurance.
A lot of insurers separate themselves into a few separate companies each catering to a certain type of driver. Drivers with poor driving records go to one company, and drivers with good driving records go in another. Most people are insured by a company that caters to drivers who are somewhere in the middle which means that they pay more than the best drivers, but less than the worst. The problem is that many of these “middle drivers” actually have driving records that are just as good as the people saving money as “good drivers.” No one ever told these drivers that they could be saving money by simply making sure they are correctly grouped with the best drivers. Talk to your agent or call Dietz & Bluett Insurance today to make sure that you are getting the best rates.
Raise Your Deductable
Your deductible is the amount of money you are responsible for paying in the event of a claim. If you have a $250 deductible and your repairs will cost $1000, you must contribute $250 to the repairs and the insurance company pays the remaining $750. Raising your deductible to $500 or more will have a significant impact on the cost of your premiums. Consider how much you can really afford to pay in the event of an accident, and adjust your deductibles accordingly.
Drop Unnecessary Coverages
If your car isn’t very valuable it doesn’t make much sense to insure it with collision and comprehensive coverage. Because there isn’t much to protect, and your deductible would cover a very high percentage of the value of the vehicle, it is advisable to drop those coverages in favor of a lower premium. Talk with your agent or contact Dietz & Bluett Insurance to make sure that you aren’t over insuring your vehicle.
Keep an Eye on Your Credit
Some insurance providers use your credit score as a major factor when determining your rates. Even if your driving record isn’t great, an excellent credit score can land you some major discounts. Talk to your agent or call Dietz & Bluett to make sure that you are insured with a provider that offers these discounts.
If your company provides you with a company car, make sure you use it to commute to and from work. Many times drivers receive discounts on their personal auto insurance when they use their company vehicles instead.
Choose Your Vehicle Wisely
The type of car you drive isa big factor for insurance companies. If your car is particularly attractive yo thieves, or especially costly to repair, you are paying more for insurance than the average driver. Visit the Insurance Institute for Highway Safety to lean about how insurance companies rate your vehicle.
Take a Defensive Driving Course
Defensive driving courses are available in both Pennsylvania and Maryland, and many insurance companies offer discounts to drivers who have recently completed courses.
Living in a Low-Cost Area
If you are planning to move in the near future, take into account that living in an urban setting with generally have a negative impact on your insurance premiums. Living in a suburban or rural setting typically results in lower insurance costs.
Ask About Discounts
Many insurance companies offer discounts for a variety of reasons. For example, if your vehicle has certain safety measures such as anti-lock brakes, automatic seat belts, or anti-theft devices you could qualify for discounts. Another example is the good-student discount which is particularly important when you have teenage drivers on your policy. Make sure you talk to your agent or call Dietz & Bluett today to make sure you are getting the best rates on your auto insurance.