As cliché as it may sound, there are many steps you can take to save hundreds of dollars on your car insurance. In fact, many people are surprised to learn that this is a simple process. Upon realizing just how much they can save, they look back and wonder why they had been paying so much for so many years.
Are you ready to get started? Here are three things you can do to save big:
1. Increase Your Deductible
This is by far one of the best ways to quickly lower your car insurance premium. Unless you currently have the highest deductible allowed by your insurance company, you are automatically qualified to make this move.
For a better idea of just how much you can save, contact your agent and ask them to provide you with quotes for varying deductible levels. Keep in mind that raising your collision deductible will likely save you more money than simply raising your comprehensive deductible.
2. Search for More Discounts
It is safe to assume that you are presently receiving at least one discount off the cost of your policy. But does this mean that you are getting all of the discounts that you qualify for?
To ensure that you are saving as much as possible, discuss your policy in detail with your agent. Ask them to explain which discounts are currently applied to your account, and from there, request that he or she review your policy for any others that you may qualify for. You may be surprised at how many discounts your agent discovers.
3. Threaten to Switch Insurance Providers
Do you really want to resort to this tactic? Well, it all depends on how badly you want to save money. Your car insurance agent never wants to hear that you are considering switching to another company because their rates are too high.
You should not be rude to your agent – just make sure you are clear that your current premium is too high. You may be surprised at how quickly your agent brainstorm sways to save you money.
If you really want to improve your chance of getting a better deal, present your current company with a quote from a competitor. This way, you can have concrete proof that better rates can be found, and that making a change will allow you to save money.
Car insurance is a necessary expense, but this doesn’t mean you can’t find ways to save as much money as possible. If there is any way to save money on your premium, you should strongly consider it. With the help of the tips above, you may be able to save hundreds of dollars immediately.
What other ways can you suggest to save money on car insurance?