7 Ideas To Reduce Auto Insurance Premiums
Posted on: 5 November 2014
Taking time to shop for a less expensive auto insurance premium can be exhausting and discouraging. Especially for households that have a strict budget they must adhere to, the premiums can often seem expensive. This article lists seven ways to help reduce auto insurance premiums and stress when shopping around.
- Maintain a clean record. While this may not always be possible, avoiding having tickets and accidents on one's driving record is the best way to keep auto insurance premiums low.
- Try a multiple policy or bundling policies. Many households require both homeowners or renters insurance and auto insurance. For those that do, having both types of insurance on one premium can help reduce the cost of each, saving money in the long run.
- Consider making a full payment. Rather than making the premium payments month-to-month, making the full premium payment every six months may help reduce the overall payment amount. Insurance companies often allow a lowered premium amount for those who do so. While making a larger payment all at once may seem like a lot, it will save money in the long run.
- Ask about a defensive driving course. Some insurance companies offer defensive driving courses to their customers. For those who take this course, the company may offer to take a certain percentage off of the insurance premiums.
- Drive fewer miles each day. Auto insurance companies base part of their quotes off of how far their customer drives their vehicles daily. If possible, try utilizing public transportation or carpools in order to reduce the amount of miles the car is driven each day.
- Ask about discounts. Many companies provide particular types of discounts to their customers. Here are a few of the most common discounts:
- Multiple vehicle: Many households have more than one vehicle that requires insurance. Most insurance companies will provide a discount on households that have more than one vehicle insured under the same policy.
- Anti-theft device: Most vehicles these days come with an anti-theft device already installed. Insurance companies will automatically consider this in their quotes. However, for cars that don't have one, having an anti-theft device installed may be a way to get a discount on the premium.
- E-billing: Some insurance companies will provide a discount for households that decide to "go green." Rather than having a payment mailed each month or every six months, the bill is sent via e-mail and the payment made over the internet.
- Enroll in automatic payments. Some companies will offer a small percentage off of premiums for those who choose to have their premiums automatically deducted from a checking or savings account each month or every six months.
In the long run, checking into these different options can help to significantly reduce insurance premiums, like with Manassero Insurance Agency Inc.
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