5 Ways to Lower Your Auto Insurance Premium

Has your recent car insurance bill left you seeing red? Read our Five Tips for Saving on Auto Insurance…

#5- Take a Defensive Driving Class
Most car insurance companies offer a 10-15% discount on your auto insurance premium if you take a state accredited defensive driving class. Great news is in many states they now offer online defensive driver classes that range from $30-$60 so you can complete the course from the comfort of your own home.

#4- Review Your Policy Details
Every 6 months or so, touch base with your car insurance agent and review your policy details.  Make sure everything that affects your rate is current and correct. (For example, if you pay off your vehicle, ask your agent if you still need comprehensive coverage.)

#3- Check your Deductibles
If you set your deductibles very low when you first purchased your car insurance policy, but now can afford to raise them, you could save some money on your premium. Make sure you discuss this with your agent and get a strong understanding of your deducitbles so you can make the decision that will best cover you.

#2- Drive a Safe Car
If you are planning on purchasing a new car anytime in the near future, opt for a safe vehicle as opposed to something flashy. Part of what constitues your car insurance rate is the safety rating of your vehicle. Ask your dealer about your prospective vehicle’s National Safety Rating and talk to your car insurance agent before the purchase for quotes.

#1- Combine your Home & Auto Insurance
One of the easiest ways to save is to bundle your home and auto insurance with the same company. While the savings come off of your home insurance premium, you may see up to a 30% deduction off your policy just by insuring both with the same company.