Here are six tips on how to save on auto insurance and for getting the best rates on your policy, because everyone needs auto insurance, but that doesn’t mean you have to overpay.
1. Shopping around is always a good idea to compare rates…but shopping for the right agency is BETTER.
Shopping around for auto insurance is always a good idea. You can get rates that are more competitive by simply comparing what is available. Here are a few things you can do to get competitive rates.
First, make sure to understand what coverage you need; navigating this question is easier by having a good relationship with your agent. Make a list of the things you are most likely to use your car for and work with your agency to figure out which type of coverage each one requires.
Now you can start to shop around, and here is where having a good agent who is also a broker (multiple companies) is a GREAT solution to shopping. Start with your friends, family, and neighbors and see if they have any recommendations for a good insurance agency. Second, search online and look for agencies with superior Google ratings.
2. Raise your deductibles to lower your premiums
If you’re looking to save on your auto insurance rates, one way to do so is to raise your deductible. By increasing the amount you’re willing to pay out-of-pocket before your policy kicks in, you can lower your premium. In some cases, raising your deductible can even save you more money than lowering your premium. This will vary from carrier to carrier, so be sure to ask your agent for more details.
3. Consider bundling your auto insurance with other policies
Bundling your auto insurance with other policies like your homeowners or renter policies can help you save money. By bundling your policies, you can get discounts on your rates and increase the amount of coverage you have. You may also be able to reduce the amount of time it takes to receive a claim payout. To find the best bundling options for you, speak with a member of the Bicknell Insurance team today.
4. Ask about discounts for things like safety features, good driving records
When shopping for auto insurance by using a Broker, it’s important to ask about discounts for things like safety features, good driving records, and other factors that could lead to lower rates. Some insurers offer discounts for drivers who have safety features like airbags and anti-lock brakes installed in their cars, while others offer discounts for drivers with clean driving records. It’s also worth checking with your insurance company to see if it offers any special rates for young drivers, drivers with multiple cars, or drivers who use alternate transportation to get to work. Keep of list of these items that might be unique to you and your situation; by doing your homework ahead of time, you might save money on your auto insurance policy.
5. Compare rates regularly to make sure you’re getting the best deal
When you’re shopping for auto insurance, it’s important to compare rates every 2 or 3 years to make sure you’re getting the best deal. By calling your insurance agency you should also be able to compare rates based on your driving history, car make and model, and location. The team at Bicknell Insurance will regularly review your coverage and make sure you have the right coverage at the most competitive price.
6. Maintain a good credit rating
If you want to save on your auto insurance rates, it is important to maintain a good credit rating. Your credit rating is a reflection of your financial stability and can impact your auto insurance rates. If you have a good credit rating, you may be able to get lower rates on auto insurance than if you have a poor credit rating. You can improve your credit rating by paying your bills on time, maintaining a good credit history, and avoiding debt. To get a copy of your credit report and learn more about your credit score, visit Credit Karma or FreeCreditReport.com.
Auto insurance rates are rising every year, and it can be hard to keep up. Follow these tips which should provide the opportunity to obtain the most competitive rates on your auto insurance premiums. If you’re not sure whether you need certain coverage, talk to your agency,
If you have any more questions about saving money on your insurance or any insurance questions in general, feel free to reach out to the team at Bicknell Insurance.