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Reviewing your Insurance Policy can Save you Money

One of the best things you can do for yourself in the new year is to review your car insurance if you’re looking to save some money. Most people don’t bother to do so for any number of reasons, but even if you don’t change companies you can make adjustments to your current policy that can have a significant impact on your yearly costs. The following are just a few tips anyone can use to lower their premiums.


You can often get a discount by bundling your auto and home insurance. Simply put, it means purchasing two different types of insurance with the same company. The type of discounts will vary among companies. Some offer discounts if you insure more than one vehicle with them.

Credit Ratings

Maintaining a good credit rating/score will help you obtain better interest rates when you purchase a vehicle and when you insure it. Insurance companies assume that if you manage your credit well, you’re automatically more responsible and are less likely to file a claim.


There are discounts that may be offered for installing anti-theft systems, living in low-crime districts, and not having a young driver on the policy. You may also receive a credit for a clean driving record, being over/under a certain age, and being married. Installing an insurance company device or app that monitors your driving habits can also net a discount.

Increase Deductibles

The higher the deductible, the less your rates should be. It means that you’ll be responsible for a significant amount of repair or replacement costs. Just be sure that you’ll have the available funds to finance your larger portion of the financial burden if needed.

Older Vehicles

It may not make sense to carry a lot of extras and optional insurance features on an older vehicle. A good rule of thumb is that if the vehicle is valued at less than 10 times the insurance premium, full coverage may not be cost-effective. Kelly Blue Book and similar websites are helpful in determining the value of your vehicle.

Rates on a New Car

You have the right to call your insurer and find out how much a particular vehicle will cost to insure it. Insurance rates are based on variables such as cost to repair or replace, your driving record, and the vehicle’s safety ratings.

Shop Around

The most important thing you can do is shop around. You need to obtain at least three quotes to effectively compare rates. Remember – the cheapest isn’t always the best, especially if you have to file a claim. There may be a host of things that aren’t covered or fall under specialty clauses – and you’ll never know it until it’s too late since few people take time to read their policy before they sign on the dotted line.

For more information about how The Sena Group can help you with any

of your insurance needs, please contact us at 561-391-4661.

We can be found on Social Media at the following links.


The Sena Group
6501 Congress Ave., Ste. 100
Boca Raton, FL 33487