Auto insurance is a monthly expense that can prove to be quite significant if you have a poor driving record and have to pay exorbitant premiums. However, it doesn’t have to take up a good portion of your budget. There are several steps you can take to secure a better rate without reducing the quality of your coverage. Here are a few potential ways to lower your policy premiums.
How to Cut Your Auto Insurance Costs
1. Bundle Your Policies
Many insurance companies will offer you a discounted rate when you buy more than one type of policy from them. This is referred to as bundling, and while it’s most common with home and auto coverage, you may also be able to create a package with life, motorcycle, boat, or recreational vehicle insurance. Additionally, if there are multiple vehicles in your household, you should consider insuring them on the same policy for more savings. The multi-cap discount is one of the largest discounts in auto insurance.
2. Improve Your Credit Score
Credit history is one of the numerous factors that insurers use when calculating auto insurance costs. Generally, those with higher credit scores are considered to be more responsible. In turn, providers see them as less of a risk to insure, which translates to lower premiums. Thus, bringing your credit score up can help you save money. Be vigilant about paying your bills on time, keep your credit card balances low, and monitor your credit report regularly to see if any errors need to be fixed.
3. Take Advantage of Discounts
Every insurance carrier has a variety of discounts they offer policyholders based on different eligibility requirements. Often, the only way to find out everything you qualify for is to ask your agent. You may be missing out on savings opportunities for low mileage, good grades, having certain safety features on your car, taking a driver safety course, being affiliated with a specific profession, or paying your premium in full.
If you’re looking for a lower rate than you’re currently paying or have been quoted for auto insurance, reach out to Russell Insurance Agency in Robertsdale, AL. They’ll take the time to assess your situation and coverage needs before helping you customize a suitable policy. For more than 20 years, they’ve been committed to providing residents throughout the lower Alabama area with reliable protection for an affordable price. Call (251) 947-3607 to schedule an appointment, or visit them online to request a quote.