As a driver, you’ll have numerous expenses to budget for each month, from gas to regular maintenance. Additionally, your auto insurance premiums are a necessary expenditure that protect you in case of an accident. Luckily, you can reduce your rates without waiting months to increase your credit score. Below are several strategies that can help you maintain coverage without breaking the bank.

How Can You Reduce Auto Insurance Premiums?

1. Take a Safety Course

If you can improve your skills as a driver, you’ll reduce the likelihood of getting into an accident. This means you are less of a liability to your auto insurance provider, and they may lower your costs. That’s why many companies offer discounts for policyholders that take defensive driving courses. Since you can’t control how other drivers act or what obstacles are in the road, these courses teach you how to drive safely and protect yourself when behind the wheel.

2. Lower the Risk of Theft

In addition to accidents, car owners are a prime target for criminals, especially if you park your vehicle in the open. Because of this, some insurance providers offer discounts if you install an anti-theft device.

Some of these devices prevent your car from being taken, such as an alarm, while others will help locate your vehicle. This way, your insurance company is less likely to have to replace the car, and your premiums will go down.

3. Increase the Deductible

If your provider doesn’t offer many discounts or you're looking for additional savings, you can raise the deductible. This is the amount of money you must pay when filing a claim. Once you cover this, your insurance company steps in to pay the rest. The higher you set the deductible, the lower your monthly premiums will be. However, if you take this route, set aside money in a savings account to meet the deductible if you ever need to file a claim.

To find an auto insurance policy that you can afford, reach out to 1st Choice Insurance in Fairfield, OH. This family-owned and -operated agency is independent, allowing them to search for the best possible policy for your needs. By specializing in auto insurance, you can count on their focused expertise to find you an excellent deal. Visit them online for more information about their services. Call (513) 860-0666 to set up a consultation.