8 Ways to Cut Auto Insurance Costs

If you are looking into how to reduce auto insurance costs, Neighbors Insurance Agency in Florida has some tips for you. Cheap auto insurance may seem difficult to attain without sacrificing quality, but there are some tricks to help you get the most coverage possible while still saving you money. Contact us to learn more.   1) How to Reduce […]

If you are looking into how to reduce auto insurance costs, Neighbors Insurance Agency in Florida has some tips for you. Cheap auto insurance may seem difficult to attain without sacrificing quality, but there are some tricks to help you get the most coverage possible while still saving you money. Contact us to learn more.

1) How to Reduce Auto Insurance Costs with Multiple Drivers

Usually, insurance companies are going to want as much of your business as possible. This means that they will be willing to give you deals on insuring multiple cars or drivers if it means that they will have more business. Even if you do not have multiple drivers or multiple cars, you may still be able to get a bundle deal if you can get your homeowners insurance with the same company. Be sure to ask about what discounts are available if you bundle.

2) Maintain a Good Driving Record

It makes perfect sense that if a driver racks up more violations or they are in multiple accidents, they are going to pay more in annual premiums. The best way to avoid this is to make sure that you keep a good driving record and that you update your insurance company when you have gone a year or more without an accident.

3) Invest in a Defensive Driving Course

Defensive driving courses and courses which focus on accident prevention can generally give you at least some reduction in cost in annual premiums. Be sure to ask precisely how much of a discount you can receive for taking a defensive driving course so that the reward outweighs the cost.

4) Compare Policies if Your Premium Increases

If your premium goes up, it can be beneficial to shop around with different companies and see if you can get a better price elsewhere. Even if your premium does not go up, it may make sense to shop around and see if you can get a lower price elsewhere.

5) Take Public Transportation

Those who drive more are going to have higher premiums than those who only use their car sparingly. This is because you will have more repairs on a car that is used more often. Taking public transportation saves you money on gas and it saves money on your premium.

6) Pick Your Car Carefully

A larger vehicle will not only use more gasoline, but it will also be more expensive to insure. Smaller, more compact cars are going to be cheaper to insure and they are going to be better for your bottom line.

7) Raise Your Deductible

You may be able to save big if you simply raise your deductible, or the amount that you pay before your insurance takes over. As your deductible goes up, your premium should go down. The amount to which it is affected, however, is dependent on the actual insurance company.

8) Improve Your Credit

A higher credit rating, whether or not it is related to your driving, could impact how much you are asked to pay for your annual premium. Having higher credit is going to save you the hassle of having high premiums so be sure to take care of your credit to get cheap auto insurance.

Contact Us

Neighbors Insurance Agency in Florida can do more than provide you with cheap auto insurance. We can give you the tools to see how to reduce auto insurance costs for yourself. Contact us to learn more.