The VanDyke Group | How to Lower Your Auto Insurance Costs
We all look for discounts on the things we buy and that should include your auto insurance too. You might be entitled to a few discounts that can lower the cost of your insurance.
auto insurance discounts, auto insurance premiums, insurance costs, price comparison,
18322
post-template-default,single,single-post,postid-18322,single-format-standard,ajax_fade,page_not_loaded,,qode-title-hidden,qode-theme-ver-9.1.3,wpb-js-composer js-comp-ver-4.6.2,vc_responsive

02 Jul How to Lower Your Auto Insurance Costs

Did you know you can check insurance costs before you even purchase a new or used car? Car insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the likelihood of theft. So choose wisely.

Once you purchase your vehicle you can now choose the insurance policy that’s right for you. Did you know that by requesting a higher deductible you can lower your cost substantially? For example, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage by 15 to 30 percent. Going to a $1000 deductible can save you 40%. However, before you choose a higher deductible make sure you have enough money set aside to pay if you have a claim.

Many insurance carriers will give you a break if you buy two or more types of insurance from them. So, consider bundling your homeowners and auto together with the same company. You can also save money if you have multiple vehicles with the same carrier you can save.

Most insurers use credit information to price auto insurance because research shows that people who effectively manage their credit have fewer claims. Therefore, establishing a good, solid credit history can cut your insurance cost. To protect your credit standing, pay your bill on time, don’t establish more credit than you need, and keep your credit balances as low as possible.

We all look for discounts on the things we buy and that should include your auto insurance too. You might be entitled to a few discounts that can lower the cost of your insurance. When you review your insurance, inquire about discounts for the following:

Antitheft devices on your vehicle
Defensive driving courses
Good credit record
Bundling your auto and home with the same company
Low annual mileage
No accidents or moving violations in 3 years
Student driver with good grades

Whether you’re purchasing a new car or just want to review your insurance on your existing car, give us a call at (708) 675-1577. At The VanDyke Group, we can get price comparisons from several carriers and review what discounts you qualify for. Your savings may be out there, let us help you find them!

Source: iii.org

 


Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your medical professional or legal representative for information specific to your needs.