Auto insurance, while necessary for protecting your family’s financial security, can be one of the biggest monthly expenses for a household. This leaves many drivers trying to figure out what they can do to lower their premiums. Fortunately, there are several ways to cut down on costs and still maintain an adequate amount of coverage. Here are a few strategies you can use to help save money.

How to Reduce Your Car Insurance Rate

1. Stick With the Same Insurer 

If you have multiple cars to insure or need more than one type of insurance, you may want to consider purchasing all your policies from the same provider. Many companies will discount your premiums for bundling. In most cases, you can combine your auto coverage with homeowners, renters, motorcycle, boat, or umbrella insurance.

2. Choose Your Car Carefully 

It’s important to take your auto insurance into consideration any time you buy a new vehicle. Cars with high safety and reliability ratings typically cost less to cover, while luxury models will increase your bill. Additionally, you should research how prone a vehicle is to theft, as this is another factor insurers will look at when calculating your rates.

3. Improve Your Credit Score

An increasing number of carriers are using credit scores to help determine a driver’s risk level. The general belief is that the higher the rating, the less likely a claim will be filed. As such, if your score is on the lower end, start taking steps to raise it. When it comes time to renew your policy, an improved score may help you secure a reduced rate.

4. Ask About Other Discounts

Drivers are often unaware of all the discounts auto insurance companies offer. Usually, the only way to find out what savings you’re eligible to receive is to ask your agent. It varies from one provider to the next, but you may be able to lower the price you pay by selecting a higher deductible, taking a defensive driving course, adding safety features to your vehicle, belonging to a professional organization, or setting up automatic bill pay.

If you’re interested in getting a better auto insurance rate than you currently have, turn to Alvarez Insurance Agency to explore your options. As an independent agency, they can help you compare policies and prices from several carriers to find the best deal available. They’ve been entrusted to provide the English and Spanish-speaking residents of Omaha, NE, with high-quality coverage solutions for nearly 20 years. Call (402) 733-1878 to set up an appointment or visit them online to request a quote.