If your agent shops insurance carriers on your behalf, then provides you with the BEST coverage at the LOWEST cost, then you are one step ahead in the money saving game. It is true that a variety of coverage types exist, and not all are the right fit for every person. That’s the job of a knowledgeable agent – to seek the best match for their clients and then ensure value.
That doesn’t mean that you are completely off the hook when it comes to saving money on your auto policy and lowering insurance premiums while still keeping the necessary coverage. Below are a few things you can do as a consumer to help reduce expenses.
Reducing Annual Mileage
Discount rate apply to those who drive less-than-average annual mileage. Of course, each company has a different threshold value at which rate reductions become available so rely on your agent for guidance.
Improve Car Safety
Improving safety rating with extra devices, such as adaptive headlights, blind-spot detection or land departure warning systems. Not only does these improve safety in the event of an accident, but also reduces risk thereby saving money on auto insurance. Any money spent on enhancements will be recovered in the long run.
Driver Instruction & Retraining
Some defensive driving courses may be the best bet for new drivers, aging drivers and those carrying points from accidents and other citations. Besides evaluating awareness of defensive maneuvers and improving driving skills, carrier approved courses may make drivers eligible for discounts and rewards from their insurance company.
Have multiple cars, watercraft or outdoor vehicles? Consider combining coverage under a single carrier. Bringing more business to one provider actually provides significant benefits, including cost savings, to the client.
Dropping unnecessary coverage is sometimes appropriate and wise. Having full coverage is not always recommended for older cars. If the car you drive is 10 years old or more, its value has significantly lowered and typically not cost-effective to cover. Before canceling or reducing any policy premium, seek advice from your agent.
For the most up-to-date listings of rewards, discounts and premium reducing activities you should consult your local agent. We recommend a full-review of your policy once per year, but of you have changes to your vehicles, upgrades to existing vehicles or new drivers living in your home, you should report those things to your agent immediately. Having the wrong coverages can be just as devastating as having no coverage tat all. So, don’t take chances. Let your agent shop the marketplace and provide you with the best solutions for your unique lifestyle.