Having adequate auto insurance to cover potential losses is essential, but no one wants to pay more than necessary. When you first start shopping around, it can seem difficult to find an affordable policy without compromising on the quality of coverage. However, there are several steps you can take to save money while maintaining the protection you need. Here are a few ways to cut your costs.

How to Reduce Your Auto Insurance Rates

1. Increase Your Deductible

The deductible you set for your policy will impact how much your auto insurance premium is. Higher deductibles equate to lower coverage costs and vice versa. If you are confident you’ll be able to afford more out-of-pocket expenses — should you need to file a claim — consider increasing your deductible.

2. Use the Same Insurer for Multiple Policies

If you require other types of insurance in addition to your auto coverage, such as homeowners, renters, life, or motorcycle, you may find it beneficial to bundle your policies under the same provider. It’s common for insurers to offer a discount if you purchase more than one policy from them. This will also streamline the payment and claims process.

3. Improve Your Credit Rating

Many insurance companies use credit ratings to help determine how likely it is a driver will end up filing a claim. Poor credit scores are typically associated with riskier drivers. Therefore, the better your credit rating is, the less you will pay for coverage. If there is room for improvement when it comes to your credit, start doing what’s necessary to raise it.

4. Ask About Discounts

Most drivers aren’t aware of all the different discounts insurance companies have available. If you don’t ask your agent to see what you’re eligible for, you may miss out on significant savings. These discounts are generally given for factors like completing a driver safety course, installing an anti-theft device, getting good grades, and maintaining a low mileage.

If you are looking to reduce your auto insurance premium, the professionals at Wilson Insurance Agency can help. They have been providing superior products and services to residents throughout the northwestern Georgia area since 1969. As an independent agency, they have the ability to present you with policies from several reputable carriers, making it easier for you to obtain sufficient coverage at a rate that fits into your budget. Call them at (706) 278-0549 to discuss how you can maximize your savings, or visit their website to request a quote.