3 Tips For Saving Money On Your Auto Insurance

If you are looking to reduce your monthly expenses, a good place to start would be any active insurance policies that you carry. If you own or lease a vehicle, your auto insurance policy could represent a good opportunity to save a few dollars. Here are three tips that could help you lower the monthly premium on your auto insurance.

Set a Higher Deductible for Collision Coverage

If your car is new, you are likely interested in keeping your deductible as low as possible. But as your car begins to age, it might be a good idea to increase your deductible over time gradually. In particular, you can increase the deductible for your collision coverage if the resell value of your car has dropped so low that it almost wouldn't be worth repairing if it were to sustain major damage. Just be sure you can actually cover the expenses if you get into a minor fender bender that costs less than the deductible to repair.

Call Your Auto Insurance Provider Every Year

When in doubt, it never hurts to ask. Get into the habit of calling your auto insurance agency once per year even if you haven't had to file a claim. You never know when they might have a new promotion going on that might save you some money. Talk to your insurance agent and ask them to go over your entire account with you and see if you are eligible for any additional discounts. If you want to be aggressive, you can start the call by saying you are thinking of switching to someone else and want to see what they can do for you.

Bring It All Under One Roof

If you own other property besides your car, such as a house, you may stand to benefit from putting all insurance policies with the same insurance agency. Most reputable agencies will offer a discount when you bundle auto insurance with home or renters' insurance. 

If your monthly auto insurance bill is putting a dent in your bank account, call your insurance agency and see if there is anything they can do. You shoud get into the habit of calling at least once a year, just to make sure your account has all current discounts. For additional savings, consider combining multiple policies together into a bundle with just one agency or increase your deductible as your car gets older. For more tips on how to get the most out of your auto insurance, reach out to a local insurance agency like LIVINGS INSURANCE.

About Me

The Principles Of Pet Insurance

Hello, my name is Bobby Parker and this is my blog about pet insurance. My wife and I have four dogs and we consider these animals our children. Whenever one of them gets sick or is not feeling well, we always take them to the veterinarian for care and treatment. Since surgery and other veterinary procedures can be expensive, my wife and I decided to purchase pet insurance. Before we bought the policy, I did a lot of research about pet insurance and I discussed the different kinds of policies that are available with my insurance agent. By doing this, we were able to get the type of insurance coverage we needed for our pets. Since I know how important animals are in the lives of many people, I wanted to write this blog to share the information I learned about pet insurance.


Latest Posts

27 February 2018
If you are looking to reduce your monthly expenses, a good place to start would be any active insurance policies that you carry. If you own or lease a

2 August 2017
When your income is stable and you're able to put aside some excess money consistently every month, planning for a new car purchase isn't complicated.

26 July 2017
Many people opt for "full coverage" when purchasing car insurance to cover their vehicles. As the name suggests, this basically fully covers the car.