Ways to Save on Auto Insurance
I have become somewhat of a pro on figuring out ways to save on auto insurance. Most people just float around from company to company asking for rates, but you can get great rates with the company you already have. The key to saving on auto insurance is knowing all the tricks!
Look up Discounts
Look up auto discounts because chances are your auto insurance agency isn’t going to just offer all the discounts up front. You can easily hop onto their website and search for the discounts that they offer. You may not even know of discounts other than the multiple car discount, but they are there.
Ask for a Discount
Before switching companies, ask for a discount. Tell your insurance company you are looking for other options and even offer up places that have offered you a better deal. Your insurance company doesn’t want to see you go, so they will most likely find you a better deal.
Increase your Deductible
Your deductible is the amount of money you pay upfront if you get in a car accident before the insurance company will pay anything. If you want a lower monthly payment, you can increase your deductible up to $1500. Keep in mind that you will have to subtract $1500 if you get in a car accident.
Determine if you Need Full Coverage
If you have a car that isn’t worth more than a few thousand bucks, there probably isn’t a reason to have full coverage. Let’s face it; if you are paying the entire value of the car in insurance payments throughout the year, you are paying too much. Instead, lower your car down to the state minimum.
If you can figure out the tricks of your own car insurance, you can get great deals without having to switch. Make sure to check out your insurance company’s website to find more ways to save. For all of your automotive needs be sure to checkout Len Stoler Lexus for a great vehicle at reasonable prices. They even have a specials tab to help you maximize your savings.
What other insurance saving tips do you have? I would love to hear them in the comments below!
- Use Your Compare and Contrast Skills: Shop around when you are looking for insurance. If you already have insurance, it’s a good idea to look for less expensive premiums. Compare what others have said about each company along with the price. You don’t want to just look for lower premiums, but for customers who have had great experiences.
- Raise Your Deductible: Raising your deductible from $200 to $1000 can drastically decrease your premium. However, your deductible is the amount of money you must pay before your insurance kicks in so make sure they are affordable options both directions.
- Buy All Insurance from the Same Place: Usually, insurance companies will give you a multiple policy discounts. Take advantage of this discount by putting all your insurance needs in one place.
- Seek Out Discounts: Most insurance companies won’t offer all the discounts. For example, I didn’t know you could get a discount on homeowners insurance by having a security system. Sometimes you have to ask or do your own research on car insurance discounts and tell the agent that you want it.
- Tell the Agency What You Can Afford: If you have a budget, and you can’t seem to find insurance within that budget, tell the agent what you can afford. For example, if you can only pay $100 a month for car insurance, tell your agent that. They will probably come up with a counter offer of $120.
Getting the car insurance that fits your budget can take a little time and perseverance, but it is definitely worth it in the long run. What are some other ways you have gotten your insurances lowered?
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