The amount you pay for auto insurance varies based on a number of factors over which you have no control, such as your age, sex, and the distance you drive to work each day. However, there are ways to lower your premium. Fame Insurance Agency, the most trusted car and motorcycle insurance broker in Indianapolis, IN, shares some suggestions to help you reduce your premiums significantly.
How to Lower Your Auto Insurance Costs
1. Bundle Coverage
You can reduce overall insurance costs by bundling policies. For instance, buy your auto and home insurance from the same company; insurers often encourage loyalty by offering cheaper rates to customers who maintain multiple policies.
2. Raise Your Deductible
If you agree to pay more out of pocket before the insurer is required to contribute after a claim, you can reduce your monthly premium considerably. If you are a safe driver with no history of accident claims, it might be wise to raise the deductible amount to get a more affordable rate.
3. Ask About Discounts
Ask your agent which discounts you might qualify for. Insurers often discount rates for drivers with clean records and vehicles with safety or anti-theft devices installed.
4. Drop Full Coverage
If your vehicle is over 10 years old with no bank lien, you might not need full coverage. If you're paying more than 10 percent of the car's value to maintain full coverage each year, consider dropping expensive collision and comprehensive protection in favor of liability-only insurance.
5. Maintain a Good Credit Score
Your credit rating affects the amount you pay for insurance, so make sure you pay your bills on time and clear up any default amounts. This will raise your credit score and lower your rates.
To see if you can reduce the amount you pay for auto insurance, contact the professionals at Fame Insurance Agency in Indianapolis. They are the premier sellers of auto, home, business, and life insurance in the region, and their dedicated agents do all they can to find you the best coverage at the lowest rates. Visit their website to learn more about their auto insurance policies, or call (317) 383-0181 today to discuss your options with a friendly, helpful broker.