4 Easy Ways To Lower Your Auto Insurance Rate
Car insurance is something for which no one enjoys paying, yet everyone is required to have—that is, if you want to drive legally and avoid a host of other difficulties. Here are several things you can do to lower your risk for high premiums and reduce your auto insurance rate.
Be a Good Driver
Maintaining a good driving record keeps your insurance rate low. Each time you drive recklessly, you increase not only the risk of injury or death to you and other drivers, but also your driving record. Insurance companies raise rates on bad drivers, and it’s to keep their costs low. The less of a risk you are of costing them money, the lower your rate will be.
Bundle Your Policy
Many insurance companies offer a discounted rate for bundled policies. Consider bundling your homeowner or renter’s coverage with your auto coverage, and you may be looking at a much lower overall cost.
Share Your Policy
Another great way to lower your auto insurance policy is to share it with someone who lives with you. Covering two cars under the same policy can give you a savings of up to 25%. In many cases, you don’t have to be married, or even a couple, to combine policies.
Pay Your Premium
Paying your premium in full at the start of your policy signals that you are low risk and responsible. Additionally, signing up for auto-pay will ensure that you never miss a payment, and remain in good standing with your insurer. Always pay your bill on time, and set reminders for due dates if you aren’t going to enroll in auto-pay.
While you won’t be able to avoid some risk factors that affect your insurance rate—such as your age, there are several practical steps you can take to lower your costs. Consider one or all of the four options above, and you’re sure to be saving money in no time.
by Hannah Rosenboom – Content Creator at Half Full Marketing