There are a variety of ways in which individuals can lower the cost of their auto insurance policy, many of which people are unaware. It pays to shop around and ask about potential discounts.
Shop around for the best rates. You can do so through a local insurance agent that offers products from multiple companies. There are also online sites that can compare multiple agencies.
Multiple discounts are available, but they’re not typically advertised and an agent may not tell you about them if you don’t ask. Depending on the insurer, discounts may be offered for maintaining a good driving record, bundling multiple policies with the same company, and employing a safe driving app. There are also discounts for seniors, good report cards and driving low distances for work and recreation.
Safe Driving Course
A safe driving, defensive driving or accident prevention course provides an excellent refresher on laws. Appropriate for any age, the courses also helps hone skills.
Increase Credit Score
Insurers use multiple factors to determine insurance rates for each individual. That includes your credit score. Increasing your credit score can get you a better rate.
The features available in your car can help you save. Installing anti-theft devices and alarms, along with full front air bags helps avert theft and injuries. Adaptive cruise control, a rearview camera, GPS tracking, and blind spot, collision warning and lane departure technology features can help you save.
Most people pay their insurance bill in monthly installments. Paying the bill in full can net a reduction in costs. Receiving a paper rather than digital bill typically comes with a fee that can be as much as an extra $100 per year – go paperless. Some insurers offer a discount for setting up automatic payments.
Increase the Deductible
Doing so means you’ll pay a higher out-of-pocket cost if the vehicle is damaged. It’s important that you not raise the deductible higher than what you can comfortably afford to pay, or cash you have on hand, if the car needs repairs.
Military and Organizations
Being a past, present or reserve member of the military can result in a discount. Some insurers extend discounts to police, EMTs, members of certain organizations, and those in specific occupations.
For more information about how The Sena Group can help you with any
of your insurance needs, please contact us at 561-391-4661.
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