Auto insurance — you know you need it, but that monthly premium can feel too expensive. If you’re not actively filing multiple claims each year, those high monthly premiums can quickly feel like wasted money. While you could switch policies and choose a lower-quality plan to save money, there are ways to lower your monthly premiums without sacrificing the quality of your coverage.

How to Decrease Your Auto Insurance Premiums

1. Increase Your Deductible

Deductibles often mean higher monthly premiums as the insurance company has to cover more of the repair cost when you file a claim. If you raise your deductible, you save the insurance company money when you file a claim, and they pass those savings onto you in the form of lower monthly payments. This method may not save you money if you have to file claims multiple times each year.

2. Ask for Discounts

Insurance providers often offer discounts on existing policies, but you won’t know if you qualify for them unless you ask. Call your insurance agent and see if there are any current promotions or discounts that could be applied toward your policy. Once they know you’re looking to save, they can make the appropriate recommendations.  

3. Ask About Bundle Deals

Many insurance agencies offer discounts to customers who purchase multiple policies through them. If you have auto insurance with one provider and your homeowners insurance through another, see if you’d qualify for a discount by purchasing both policies from the same provider. Often, you can get the same or better coverage for less when you combine different policy types.

4. Shop Around

Even if you’re happy with your auto policy, shop around for a better price, especially if you’ve held the same plan for multiple years. Ask for quotes from multiple providers and choose the one that offers the best price for the most coverage.

5. Work With an Agent

While purchasing insurance online may seem convenient, it’s the easiest way to miss out on possible discounts. Instead, work with an experienced insurance agent to help you find the coverage you need at a price you can afford. They’ll negotiate on your behalf and work to find the best policy for your budget.

Integrity Insurance Solutions in San Marcos, TX, is proud to help residents find the highest quality auto insurance coverage at an affordable price, whether you’re a new driver or shopping for a new policy. Their agents will get to know you and handle your search, so you can focus on living your life. Learn more about their services online and call (512) 396-2211 to schedule an appointment today.