Life is unpredictable, which is why adequate auto insurance is necessary to protect your financial future. While it can account for one of the biggest expenses in your budget, it’s possible to secure quality coverage at an affordable rate. Most providers offer a variety of discounts and strategies that can help significantly cut costs. Here's what you need to know to start saving today.

How to Save on Auto Insurance Premiums

1. Bundle Your Policies 

Many households purchase separate policies for each of their vehicles, but this results in missing out on a multi-car discount. Insurance companies will often reduce premiums for drivers who bundle their policies. This is also the case if you buy more than one type of coverage from the same provider. The most common scenario is pairing auto and homeowners insurance, but the same discount usually applies when bundling auto with renters, motorcycle, or life insurance. 

2. Maintain a Clean Driving Record 

Getting into even just one accident can cause you to lose your safe driver rating and make your premiums go up. Speeding tickets and other citations also increase rates, because providers see you as more of a risk. Obeying the traffic laws and being more vigilant of your surroundings will help you avoid a collision and achieve greater savings on your auto insurance. The more time that passes without a crash or citation on your record, the less your bill is likely to be.

3. Set a Higher Deductible 

Typically, the higher you set your deductible (the portion you pay out of pocket when filing a claim), the lower your auto insurance premium will be because you’re assuming a larger share of the financial responsibility. You may hesitate to have a high deductible if you aren’t sure you can afford it should an accident occur, but putting money into a savings account can help take care of any emergencies that arise. In the meantime, you’ll enjoy decreased coverage costs. 

4. Establish a Good Credit History 

Several insurance companies use credit information to calculate auto insurance rates. Studies have shown that credit scores can predict the potential for accidents. Thus, by establishing a good credit history, you may be able to reap the reward of discounted coverage. If your credit could use a boost, focus on eliminating any debt, paying your bills on time, or considering an installment loan or secured credit card. 

Following these tips can put more money back in your wallet without compromising your coverage needs. For additional advice on finding reasonably priced auto insurance, contact the professionals at Ash Welborn Insurance. They’ve been supplying residents throughout Hoschton, GA, with customized insurance solutions for more than 25 years. As an independent agency, they can help compare policies and rates from a number of reputable industry brands to ensure you receive the most suitable plan for your unique needs. Call (706) 510-0221 to request a free quote, or visit their website to learn more about the products they offer.