Obviously, the best way to keep your auto insurance rates low is by having a good driving record. Not all drivers are the same. Some drive more meticulously than others and some have never been in an auto accident. While those who have been in accidents or who are bad drivers automatically pay much higher rates, there is a bit that you can do to lower your auto insurance payments.
Listed below are four things you can do to lower your auto insurance rates
Don’t be afraid to compare
A big mistake that many drivers make is to not shop around for a lower auto insurance quote. You cannot expect to come across one single, a magical company that can give you the best rates possible. And, in most cases, the first company you call will not be the cheapest one. The truth is that there are many companies out there and some of them want your business more than others.
Bundle auto with home
Having your auto and homeowners’ policies with the same carrier could save you up to 25% or more. Why? More competition! With bundling, there is constant competition between insurance providers for your business, which means better rates for you. You could also qualify for discounts when you have more than one car insured with the same company.
Improve your credit score
Although your credit score may not determine your ability to obtain and renew an insurance policy, it can affect the price you pay. Many state insurance departments allow insurers to use credit information to establish a person’s eligibility for auto insurance policies. Research suggests that individuals who successfully manage their credit score have fewer claims. To guard your reputation, pay your payments on time, don’t gain greater credit than you need, and preserve your balances as little as possible.
Review your coverage
You might not need all the coverage you currently have, especially with older cars. In some cases, it wouldn´t make sense to have collision or comprehensive coverage. On the other hand, you could also be under-insured which could expose you to a higher risk at the end of the road in the event of an accident. Reviewing your current situation and policies is always a good idea. At Skylake Insurance you can request a FREE COVERAGE EVALUATION for your auto insurance or other policies.
Lowering auto insurance rates doesn’t have to be hard. With the availability of various car insurance companies and their various policies, it can be challenging to search for quality and affordable car insurance. That’s why we are here as your trusted insurance agents. We can help you find the right coverage to protect your assets and your pocket.