Auto insurance is not cheap. It’s a fact of life. If you feel like your auto insurance payments have gotten a bit out of control, you’re probably trying to scheme ways to save money on your car insurance. And maybe it seems like you’re not making much headway with that plot. Before you lose hope with saving money on your Atlanta car insurance, take a look at the following tips for lowering your auto insurance premiums.
1. Raise your deductible.
Quick definition: a deductible is the amount you agree to pay if you have a loss or claim. Basically, you’re responsible for a portion of the loss and the insurance company is responsible for the rest.
Anyways, this is significant because there’s a connection between your deductible and your premium. Think of it as a teeter-totter. The higher your deductible, the lower your premium and vice versa. This is because if you have a higher deductible, you’re accepting more risk and you’re less likely to make a claim (since you would have to pay that higher deductible, it might not be worthwhile to file a small claim.)
Here’s the thing: you need to balance your teeter-totter. Okay, what we mean by that is you don’t want to set your deductible so high that it would be burdensome or ruinous if you did have a claim. However, if you take a look at your finances, evaluate how much you could comfortably afford in the event of a claim, and decide that you could stand to raise your deductible a little, you could save money on your premiums.
2. Keep up a clean driving record.
Accidents and speeding tickets cause your insurance rates to go up. That’s because these things are seen as indicators of risk, and insurance companies don’t exactly love risk. The “riskier” a driver you are to insure, the more you will end up paying for your insurance. So, to get lower car insurance rates, respect the benefits of being a safe driver. Focus on the road – don’t text and drive or engage in any other activity that could distract you. Don’t speed. Drive safe. Your insurance will be cheaper.
3. Go on a discount mission.
Who doesn’t love a good discount? For your car insurance, there’s the possibility that you could save substantial sums just by meeting certain qualifications. There are scads of discounts for auto insurance, although they do differ depending on what company you’re insured with. Maybe your company has a multi-vehicle discount if your family has insured more than one car with them. Or they might have a Good Student Discount if you’re a high-schooler, college student, or young adult with good grades. You could also get a low-mileage discount if you don’t do too much driving.
Anyways, if you’re looking to score some savings on your car insurance, go on a quest for discounts. Google your insurance company and check out their website. Give your agent a call. You never know what might come of it.
4. Bundle your home and auto insurance.
And while we’re on the topic of discounts, you could also get a discount if you purchase your car insurance and home insurance from the same company. This is usually called bundling. Do some research or call your agent to find out if you could get a discount for getting multiple policies from them. If it makes sense to do so, you might consider switching your home insurance to your car insurance company, or your car insurance to your home insurance company.
5. Boost your credit score.
Some insurance companies see your credit score as an indicator of risk. If you have a better credit score, you’re seen as being a lower risk. That means that those with better credit scores may get better insurance rates.
To give your credit score a boost, you can…
- Be sure to pay your credit card bill on time and set up automatic payments if you need to.
- Try not to apply for too many credit cards.
- Don’t use your credit cards too much and try not to get too close to your limit.
6. Choose a safe car.
Lower insurance rates may be granted to drivers of cars with safety features like anti-lock brakes and good airbags. You may also get lower auto insurance rates if you have an anti-theft device installed. If you’re thinking about buying a car, try to do some research on its safety ratings and how much it will cost to insure. While you may really, really want an expensive, sleek car with a super engine, you will have to prepare yourself for the probability that the insurance will be very expensive.
7. Shop around for car insurance.
When you’re on a mission to get car insurance, you may not want to just settle for the first policy and price you find. It’s important to look at the different coverage options and policies available from different companies. Since insurance companies all evaluate risk differently, you could get quotes that are quite different from each other. So, it may take some elbow grease and some patience, but if you stick with it and put on your “shopping” hat you could find a great rate for great coverage.
If you feel that you’re paying too much for your car insurance, there are steps you can take to lower your auto insurance rates. You can go on a mission to find discounts, bundle your home and auto insurance, or improve your credit score. And of course, you can shop around for the best coverage at the best rate. Our team of agents can help you with that – we’re experts at helping people save money on auto insurance. All you have to do to get car insurance quotes is fill out our online form or call us today.