Are your auto insurance rates eating up your money? If so, you might be able to lower your premium by making a few changes. Here some things to try.
You should visit generalliabilityinsure.com to know more about how to lower your auto insurance rates. You can even look for auto insurances there that are suitable according to your requirements. As a car owner you should get yourself the best possible insurance for your motor vehicle.
Re-calculate your drive time. Remember when you bought your auto insurance and one of the questions asked by your agent was “how many miles do you drive a year?” Most people don’t know the exact answer to this question, so they guestimate between 15,000 – 25,000. If you know this value is really too high, lower it. By doing so, you’ll shave a few pennies off you premium and pay the correct amount you owe.
Take off unnecessary options. If you are a member of Triple A, you don’t need the extra tow coverage offered on your policy. Remove this from it along with any other duplicate coverage. However, a word to the wise on Medical Pay (MP) and Personal Injury Protection (PIP) coverage, this also applies to passengers riding in your car at the time of an accident. So, if you have friends and other family who like to ride in your car, but don’t carry health insurance, you might want to keep it on.
See if you qualify for any discounts. Since our lives change from year to year, you’ll want to review your policy on a regular basis to see if you deserve a discount. Lower rates are often offered to good students, senior citizens and good drivers. Also, abs breaks, airbags, day-running lights and other safety features on your car can also give you a premium reduction. Call your agent today and see if you qualify for any of them. Also, make them check your policy to see if all of the original discounts told to you were actually applied to your policy. Human error is natural and might have bumped up your premium.
Get a higher deductible. If you have an excellent driving history and can pay a higher deductible, increase its amount. $500 is a good dollar value that most people can afford to pay if they have to make a claim. However, if you feel comfortable with $1000, go for it. You’ll see how big of a difference it makes in your rates.
Buy insurance with a bigger company. If you’re insured with a mom and pop insurance company and don’t want to leave due to family tradition or habit, you could be getting fleeced. Smaller lesser known insurance companies usually can’t offer competitive rates. They also don’t offer the best customer service when it’s time to settle claims. Why? They can’t pay their adjusters the same high salaries as the big guns. As a result, they get the dregs of the industry who may not handle your claim promptly or professionally. So check out a bigger company and see if they can give you a better price.