No matter who you choose for your car insurance – from State Farm, Allsate, Progressive, GEICO, SafeAuto, or someone else – it pays to do some research and look around. Even if you’re happy with your plan, it could end up driving your monthly premiums down!
Here’s a few steps to get the best possible rate…or save some money on an already-existing plan:
First, you’ll need to gather quotes from different companies. Do some research on each of the companies you trust and determine a list of your favorites. Get a quote from each one for the same plan, ensuring the deductibles, types of coverage, and additions (like towing) are the same for each quote.
Don’t forget to ask about different driver levels, depending on who will be the primary operator of the vehicle! For example, your child will cost more, but it can vary from company to company.
Next, check into the discounts each company offers. There’s more than the standard multi-policy and student discounts! Did you know having an anti-theft device or cars with particularly low mileage may also qualify for additional reductions in premiums? Don’t hesitate to ask!
Then, consider your driving history – specifically when it comes to deductibles and the car’s age. If you don’t typically drive in areas with higher chances of an accident, or if your car is very old, then increasing the deductible will lower your monthly payment.
However, many factors will determine just how much you could save. For example, in this Bankrate.com article, an insurance broker states: “If you are a mature 50-year-old driver with a clean driving record, you might only save $20 to $30 per year on your auto insurance premiums by raising your deductible from $250 to $500,” Brown says. “But if you are a younger driver, you might be able to save as much as $250 or $300.”
Other data, from Money Talks News, shows your demographic do factor in – as does your geography.
Just remember, an increased deductible does mean you’re on the hook for a higher out-of-pocket payment if an accident occurs!
We work with most major insurance companies, which smooths the repair estimate process and reduces the amount of time it takes to begin work on repairing your vehicle.
Don’t hesitate to look at your insurance and see if there are ways to save!