Car insurance is a major expense for drivers, but a necessary one. An auto policy is an investment in legal and safe driving that protects the driver's financial well-being by covering the costs of an accident. Those who feel they are paying too much for car insurance should try these five strategies to lower their monthly policy premium cost.
Avoid Accidents
It may sound obvious, but driving safely is the best way to keep
auto insurance premiums down. The longer a driver goes without having a ticket, accident, or insurance claim, the lower his or her premium costs will be.
Get Quotes Before Buying a Car
Some cars are more expensive to insure than others. Before purchasing that new sports car or fully loaded SUV, get insurance quotes to make sure the full monthly cost to drive the vehicle is affordable. Cars with good safety records and pre-owned cars that have not been in an accident are often less expensive to insure.
Bundle Policies
Purchasing all necessary insurance from a single company can dramatically reduce your rates. When getting auto insurance quotes, look at the cost to combine the car insurance policy with
homeowner's or renter's insurance for substantial discounts.
Increase Deductibles
The deductible is the amount the driver pays out-of-pocket in an accident before insurance coverage takes effect. The lower your deductible, the higher the monthly premium cost. Choosing a deductible of $1,000 or more provides the best monthly savings.
Review Insurance Needs
Drivers who have older cars may not need collision or comprehensive coverage. Check the value of the car each year before renewing the policy to avoid paying for unnecessary coverage that exceeds the vehicle's value.
This list of tips gives a great general overview, but it's just the starting point. Drivers in the Natick area can trust Connell & Curley Insurance Agency Inc. to work with them one-on-one, providing more specific insights tailored to their unique situation.
Get in touch with us today to discuss your insurance needs with one of our experienced representatives.
