10 Tips to Lower Your Car Insurance Costs

Auto insurance is one of life’s necessities. However, that doesn’t mean that anyone enjoys paying that bill each time it becomes due. Luckily, unlike some expenses, the cost of auto insurance is something that can sometimes be flexible. The key is to make sure you have the right product and to make sure you take advantage of all potential ways you can save. Check out these ten ways you can lower you car insurance expenses.

1. Benefits of working with an Agent

An agent can help you get deals that you might not find yourself. An independent agent has access to tools that help him or her find prices across numerous platforms at the blink of an eye. Not only that, some discounts may not be advertised to the average customer. When it comes to choosing how much coverage to obtain, you have expert advice available. Plus, with an agent, you are given that close, personal attention that you deserve. An agent will make the process of buying car insurance easier and less stressful, as well as potentially saving you money.

If you are not already working with an agent, use the handy agent finder at Safety Insurance to find the perfect person to help you with all your insurance needs. We look forward to helping you save more than you ever thought possible.

2. Increase your deductible

While this tip may seem a bit obvious, it is amazing how many people forget to check their insurance coverage regularly to make sure they are not paying for coverage that is no longer needed. While you may have wanted full coverage when your vehicle was brand new six years ago, now that it is paid off and has gone down in value, it may be worth dropping a bit of coverage to save money. Increasing your deductible can save you month-to-month, but it will mean you pay more in that “what if” situation, so make sure you utilize this option with caution.  By raising your deductible amount, you will lower your premium.

3. Find discounts for multiple insurance types

If you are like most consumers, you probably have auto insurance, homeowner’s insurance, life insurance and other types too. Find out if you can get a discount for purchasing all of these products from the same company. A discount like this could be a significant savings. Sometimes called “bundling,” this is a discount that is becoming very popular and is worth looking into as a way of reducing your overall costs.  Discount types include - Rewards for safe driving, multi-policy discounts, student discounts, hybrid vehicle discount of 5%, e-Customer discount and loyalty discount.

4. Take In Control Crash Prevention Training

Look into local defensive driving or safe driver courses to find out if you could save on your monthly insurance costs by taking these classes. Though there may be an upfront cost involved, if the savings is significant, it could be well worth the investment. Additionally, becoming a safer driver is always a benefit.

5. Models that make a difference

If you are shopping for a new vehicle, consider the type you choose because it can affect your insurance. Keep in mind how new or old the vehicle is, if it a luxury/high performance vehicle vs. family vehicles. With Safety, if you go green with hybrid you can save!)

6. If you are involved in a loss, have no fear

Spend a little now and save a lot later.  Get enhanced coverages like: disappearing collision deductible, accident forgiveness, emergency road travel expenses and extended substitute transportation. 

7. Ask for a low mileage discount

Do you live close to work or only drive a couple of days each week? If this is the case, then you may qualify for a low-mileage discount. A low-mileage discount could be one of the most significant discounts available. You may need to provide proof of how much you drive each month to qualify, but for some drivers, the low mileage discount is a big savings.

8. Benefits of EFT and combined bill

Autopay is a method of paying for your insurance online, usually by having your credit card or checking account number plugged into the website. Insurance companies are happy to have customers enrolled in auto pay because they know they will receive prompt monthly payments, but they also save because they do not have to send out as many bills and reminders each month.

9. Make sure to update your agent on life changes

Have you recently moved? Do you still have drivers on your policy who no longer live with you? Do you drive less than you used to? A proud parent of a good student &/or student away at school? All of these can lower the amount you are paying for auto insurance.

10. The more savings the merrier

The best thing about the tips above is that many people will be able to implement more than one of them—meaning the savings will build. If you are not already working with an agent, use the handy agent finder at Safety Insurance to find the perfect person to help you with all your insurance needs. We look forward to helping you save more than you ever thought possible.