In these times, saving a little extra here and there can mean a lot to all of us so here are some tips when purchasing auto insurance that you could discuss with your independent agent.
Since auto insurance rates differ from insurance company to insurance company, it pays to shop around for the best coverage that suites your needs, and honestly cheaper does not always mean better! Independent insurance agents represent several insurance companies, so they have the ability to compare multiple insurance companies and policies to find the one that’s right for you and your family.
In addition to having your independent agent shop around, there are other steps you can discuss with them to possibly lower your insurance premiums.
Make sure your policy info up to date? Moving, getting married, kids with good grades, or if it has been at least three years since your last driving violation may offer you a reduction in your auto premium. Have your independent insurance agent check with the companies. You may be eligible for lower premium.
Are you carrying the appropriate coverage for your car? Some times the age of your car and the cost associated with extra coverage may not be worth the expense. If you own an older or inexpensive car you may want to consider dropping comprehensive and collision coverage. That can often save hundreds of dollars each year. Discuss this with your independent insurance agent.
Know the costs ahead of time. If you are in the market for a new car, you may want to bounce a few cars off your independent insurance agent for some estimates in premiums. Generally economy cars that are not considered “Sports Cars” are less expensive to insure.
Are you carrying too much coverage? Some times there are add-ons associated with your auto insurance that are not necessary like possibly rental car reimbursement. This may be a part of your warrantee with the dealer, and you may be duplicating coverage. There could be other little items you may want to look at too that will reduce costs. Discuss these with your independent insurance agent
Raise your deductible. According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your Collision and Comprehensive costs by 15 to 20 percent. Your independent insurance agent can show you how raising your deductible can lower your premium.
Discounts? Ask your independent agent what are all of the possible discounts associated with buying a policy from a particular carrier they represent. Each carrier has some different features so you will want to discuss the best solution for you and your family.
Do you have more than one policy with the same company? Some times this is good and other times it may not be. Your independent agent is uniquely qualified to quote your policies with the appropriate carriers that may offer specialized coverages and services. “Bundling” or “Unbundling” your policies might save you a bundle!