How NOT to Overpay on Auto Insurance Coverage

Reader’s Question:

I’ve been paying auto insurance rates that, compared to my neighbors’, are quite absurd. Can I still do something to get myself cheaper auto insurance rates?

Helena

Pittsburg, PA

Yes, there are still ways for you to get that auto insurance coverage lowered. Here are some tips:

1. Pay Annually – Signing up for an annual payment plan can actually save you more money in the long run since you can get discounts or lowered rates for doing so.

2. Optimize Your Coverage – Trim your policy to the basic necessities. If you have good medical insurance, consider dropping Personal Injury Protection. Have an inexpensive, old car? Then you might not need much (or any) comprehensive coverage.

3. Get a Bigger Deductible – A higher policy deductible actually gets your premiums lowered. Just don’t raise it too much.

4. Find Discounts – Discounts are a great way to minimize how much you pay on your auto insurance. Ask your insurer about their discount options and how you can qualify for them.

5. Keep Your Credit in Good Shape – People who have good credit are actually seen as more responsible driver. The less risky you are of getting into an accident, the better your rates become.

6. Be a Good Driver – Nothing beats a consistently good driving record to keeping your rates affordable. If you want to keep affordable auto insurance for years to come then take care of your driving record.

7. Compare Rates – It wouldn’t hurt to know what other insurers are offering, who knows this may be the time to switch carriers. Get free auto insurance quote rate checks online, using an insurance comparison website (like this one). Doing so enables you to save time while maximizing your chances of finding the best deals.