As a driver, auto insurance is essential. In fact, without it, you won’t be allowed to drive, much less afford repairs and damages after an accident. Still, amid rent, groceries, and utilities, affording those monthly sums can be a challenge. If you’re hoping to lower your auto insurance costs while still driving with a peace of mind, here are a few tips to use to your advantage.

How to Lower Your Auto Insurance Costs

1. Opt for a Higher Deductible

When you set up an auto insurance policy, you’ll have to pay a monthly premium and a deductible. If you file a claim, the deductible is the out-of-pocket amount you’ll have to cover before the insurance provider takes over. The higher your deductible is set, the lower the monthly premium will be. Just make sure you have enough funds in savings to cover the deductible if you do get into an accident.

2. Bundle Home & Auto Insurance

Just like many other essential purchases, drivers can save on their insurance costs when they buy in bulk. Ask your provider about the other policies they provide, such as home or health insurance. By bundling your policies and offering the company more of your business, you might be able to save on monthly premiums.

3. Ask About Discounts

Ask your insurance provider if they offer any special auto insurance discounts. For example, you might get a percentage off of your rates for maintaining a positive driving record, paying annually, or adding more than one car to your policy. Some young drivers may even get better rates for having good grades. 

If you’re looking for an affordable auto insurance policy, turn to Stautberg Financial Group in Cincinnati, OH. This top-tier insurance agency is dedicated to helping clients find policies that fit their needs and their budgets. In addition to auto insurance, they can also lead you to home, life, and health policies. For more information on their coverage options, visit their website, or call (513) 821-6300 to speak with a friendly representative.