How To Save On Your Car Insurance Policy

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How Do I Save On My Auto Insurance?

Several factors determine your car insurance rates. Some elements are out of your control such as your gender and age and others are in your control like your credit history and driving record.

Bundle Your Insurance

You will save on your car insurance rates by bundling car insurance with another policy from the same carrier. Insurers will offer prospective clients discounted rates if they:

1. Purchase More Policies From The Same Insurer

You can choose to purchase your car and home or renter insurance from the same insurer. This move can save you on each policy. Be sure to ask about a multi-policy discount.

2. Pay For More Than One Vehicle

If you are in a situation where you own multiple vehicles, you may want to purchase coverage from the same company. This action typically creates a multi-car discount.

Shop Around

Auto insurance companies offer different rates for the same coverage. You will not find a single insurer with the best rates to fit everyone’s needs. Therefore, it is advisable to shop around and compare prices from at least three insurers. You might consider consulting an independent agent to get quotes from different insurers.

Increase Your Deductible

Increasing the deductible on collision and comprehensive coverage, may save you money. A deductible is an amount your auto insurer will not cover when paying to repair your car. For instance, if repairing your car would cost $2,000, and the deductible is $500, your insurer will pay $1,500. You would have to pay $500 out of pocket. Raising your
deductible by hundreds of dollars may lower the premiums.

Choose Which Vehicle to Drive

The type of vehicle you are driving influences your rates. It can depend on the average cost of claims for that make and model. For instance, the rates you would pay to insure a four-wheel drive vehicle are not the same as a two-wheel drive. In this example, if there were an accident, the four-wheel drive vehicle is typically more costly to repair because
they are usually more complex.

Final Word

To save money on auto insurance rates, consider your personal needs and search for the best deal. Think about bundling, deductibles, available discounts, and the type of car you drive prior to obtaining a policy to ensure you are taking advantage of all options available to you. For help in obtaining the right policy for you, give Tatum Insurance a call. We also have a free, convenient online quote to get you started. We look forward to helping you navigate the insurance world.