Owning and maintaining a car costs a lot of money. But there are strategies you can employ that will help reduce your auto insurance premium. Keep in mind that auto insurance isn’t a fixed cost as there are things you can do at this very moment and over time that will bring the cost of your auto insurance premium down.
Automobile expenses have soared, it is well worth the time and effort to reduce costs where you can. Unfortunately, you aren’t able to shorten your commute to and from work, but you can trade in your current car for a fuel-efficient car. But that is quite the commitment to save a few bucks here and there.
If only there was a way you could cut the costs of your automobile without having to spend a bunch of money on a new car. Natural State Insurance Group, your insurance company in Little Rock, has a solution; ease the burden of your wallet by following these tips on lowering your auto insurance premium.
Insure Multiple Cars and Drivers
If you are insuring a single vehicle through your auto insurance company, you might be paying more than necessary. Now, it makes sense that all family members would be under one insurance plan, but this is not always the case.
For example, mixed families often have separate accounts, the wife has her own insurance policy with her teen drivers covered while dad has his own insurance policy with his kids covered. It might make sense to just combine the policies and save money. It is something you should look into.
Buy a Safe Car
If you buy a vehicle with added safety features like anti-lock brakes, airbags and electronic stability control, you could be rewarded with a discount on your insurance premium.
Raising your deductible will lower your premium. The difference between a $500 deductible and a $1,000 deductible is quite substantial. Just think about what you are able to afford out of pocket and determine your deductible correspondingly.
Don’t Drive as Much Anymore?
If you are driving a lot less than you have before, let your insurance agent know. If you are on the road a lot less, it means fewer chances that you will get into an accident. This just might translate to a lower premium.
If you carpool, make sure to mention this to your insurance agent as well.
Safe drivers who don’t get tickets are rewarded with better insurance premiums. Keep this in mind when you are running a little late and are fighting the urge to speed up a little bit.
Keep a light foot on the gas pedal and avoid accidents and you could save five percent or even more in insurance costs.
Discover Teen Driver Discounts
If you are insuring a teen driver, you know just how expensive it is. But there are things you can do to lower the cost. For example, teens who maintain good grades often qualify for a discount as do teens who take a safe driving course. Check with your insurance agent.
Reduce Coverage on Your Older Vehicle
If you own a car that is older and paid for, consider eliminating your collision coverage. Collision coverage is the coverage that pays for damage that you cause to your own vehicle.
Protect Your Car
Many insurance companies offer a discount if you keep your car in a garage, install wheel locks, an ignition cut-off switch or other theft deterrents.
If you want to save on auto insurance premiums, give your Natural State Insurance Group agent a call.