There’s no denying that auto insurance is essential for all drivers. However, many people still find high premiums frustrating, especially when there are special circumstances for increasing costs. To ensure you have the proper coverage at an affordable price, keep the following tips in mind. 

4 Ways to Reduce the Cost of Your Auto Insurance

1. Maintain a Clean Driving Record

The more accidents you’re in, the more expensive insurance premiums will be. On the other hand, remaining accident-free and avoiding traffic violations will keep costs manageable or make you eligible for a discount.

To ensure you keep monthly payments from rising, follow all traffic laws and treat others on the road courteously. Make sure you bring your vehicle to a complete halt at stop signs and leave plenty of space between you and the driver in front of you. 

2. Encourage Good Grades

Parents with teen drivers often lament the higher costs associated with insuring inexperienced motorists. That’s why many insurers offer discounts to teens, including those based on your child’s grade point average.

While the specifics vary from company to company, in many cases teens must maintain Bs or higher to be eligible for these discounts. Offer your teen incentives, like going out to eat or a small gift, every time they receive an outstanding report card.  

3. Purchase Multiple Policies

Bundling insurance policies is common practice these days, as it’s typically more convenient. It can also offer you some amazing discounts since you’re increasing the bottom line of the insurance agency you’re working with.

Along with auto insurance, consider purchasing homeowners, health, and boat insurance from the same insurer to receive helpful savings. 

4. Increase Your Deductible

A deductible is the amount of money you must pay before your insurance coverage kicks in. The higher the deductible, the lower your monthly premiums will be. However, you must make sure that you have enough money to cover the deductible in the event an accident does occur. You can usually set the deductible amount between $250 and $1,000.

Working with an independent agency can also help keep auto insurance costs manageable. Serving the Piedmont Triad region of North Carolina for more than a century, Mountcastle Insurance uses its strong relationship with respected carriers to get you reliable insurance at a price you can afford. Their agents can also help you find a discount based on your driving record and the safety features of your vehicle. Learn more about auto coverage online or call (336) 777-8500 to speak with an agent at their Winston-Salem location.