Tag Archives: reducing insurance premiums

How To Reduce Your Auto Insurance Premiums







Did you know that males under the age of 25 pay the highest premiums? And there are many more factors that can affect how much you pay for your auto insurance.

In today’s economy we are all looking for ways to save money and reducing your auto insurance premiums may be just the ticket for you to reduce your expenses. Here are a few things that could help you lower your auto insurance premiums:

1. Your credit score. Many insurance companies are now considering your credit score when calculating your premiums. So check with the major credit reporting agencies to check your credit score. If it’s low, find ways you can start increasing your score.

2. Increase your deductible. This is a great way to save money. For example, you could increase your deductible from $100 to $1000 and sometimes realize a savings on your auto insurance.

3. If you are driving an older car, you may consider dropping your collision coverage. Generally, an insurer will only pay the book value on your vehicle. So take this into consideration when you calculate how much you are paying for collision every year. Review the numbers and see if it makes sense for you to drop collision on your policy.

Of course, the best way to lower your premiums is to avoid getting tickets for traffic violations, avoid accidents, and just be a good driver. We are happy to sit down with you to see how we can save you money on your auto insurance premiums, so give us a call or drop by the office.