Buying auto insurance is a delicate balancing act. On the one hand, you don’t want to pay more than absolutely necessary, but you also don’t want to leave coverage gaps where an unexpected disaster could slip through. Fortunately, there are some actions you can take to lower your premiums without sacrificing coverage.

5 Tips for Lowering Your Car Insurance Costs

1. Compare Policies From Multiple Carriers

While insurance companies all use similar factors when calculating your premiums, they each have a unique formula. Rates can vary widely from one provider to the next, so compare policies from a variety of different companies before choosing a policy.

2. Raise Your Deductible

The deductible is how much you’ll have to pay for repairs before your carrier’s coverage kicks in. Policies with higher deductibles typically have much lower premiums, which can save you a lot of money over the course of the policy.

3. Collect Quotes Before Buying a Car

Insurance companies collect reams of data on every vehicle on the market, including how much damage they cause in an accident and how often they’re stolen. Comparing auto insurance rates before choosing a car will help you avoid sticker shock after buying the car.

4. Ask for Discounts

Most auto insurance companies offer steep discounts for students with good grades, employees of certain companies, or drivers who have clean driving records. However, you may not get these discounted rates unless you ask.

5. Take Security Measures

The more you can reduce the carrier’s risk, the lower your premiums will be. In many cases, the savings on your premiums may outweigh the cost of installing anti-theft devices or keeping your car in the garage. Some companies offer discounts for customers who take approved driving safety courses, as well.
 

Since 1893, Allegheny Insurance Services has helped drivers throughout the Elkins, WV, area get the coverage they need at the lowest rates possible. After evaluating your needs, their agents will compare policies from several different carriers to find one ideally suited to your situation. Visit their website for a closer look at their personal insurance products, follow their Facebook for regular updates, or call (304) 636-1680 to request your free auto insurance quote.