Some factors affecting automobile insurance premiums are beyond your control, such as your gender, marital status, years of driving experience, and location. However, there are still numerous discounts and practices that lower your monthly premium. Review some of the best strategies for reducing auto insurance here.

4 Ways to Reduce Monthly Automobile Insurance Premiums

1. Be Extra Mindful When You Drive

Stay safe on the road since points on your license increase your auto insurance rates. Always follow the rules of the road, don’t speed, avoid tailgating, and remain focused when you drive instead of looking at your phone or doing anything else that distracts you. It takes a fraction of a second for an accident to happen when you take your eyes off the road.

2. Help Your Credit

Review your current credit rating since credit history influences premium rates. Pay your bills on time every month, avoid applying for too many credit cards, keep your current credit card balances significantly below your limits, and dispute errors on your credit report. It also helps to pay off all debts as soon as possible.

3. Adjust Your Deductible

Consider a higher deductible to pay lower monthly premiums. You will pay more out of pocket if you get in an accident; however, if you have an excellent driving record free of collisions that were your fault, a higher deductible may be ideal, especially if you live in a relatively low traffic area.

4. Combine Policies

Use one carrier if you have several forms of insurance, such as life, homeowners or renters, and automobile insurance. Combining policies under one carrier helps you save while also making it easier to manage your coverage. 
 

Discuss your automobile insurance needs with Mid-Alliance Insurance Associates. Serving Southeast Nebraska, this agency offers a variety of insurance solutions, including general liability, automobile, life, homeowners, and workers' compensation. Call (402) 421-7800 today to schedule a meeting or visit the insurance agency online for a complete service list. Get more insurance tips on Facebook.