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Tips and Ideas for Cutting Car Insurance Costs

If you are looking to cut the cost of your auto insurance, you are not alone. Thanks to frequently claim filing, the litigious nature of our society, and many other factors, car insurance rates across the country continue to increase. Although the bad news is that it does not seem likely for car insurance rates to drop any time soon, the good news is there are plenty of ways that motorists can cut the cost of their insurance without sacrificing coverage. Take a look at these smart tips and innovative ideas on how to combat rising car insurance costs.

Add on cars or drivers

If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up with a higher quote per vehicle than if you inquired about insuring multiple drivers or multiple vehicles. The added drivers must live at the same residence and be related by blood or marriage. When adding multiple drivers or vehicles to your policy, you often see the auto insurance premium fall. This is because insurance companies will offer you a discount because they want your business.


Bundle coverage

While we are on the topic of adjusting your policy, it is also worth considering bundling your auto, home, and other insurance policies. If you take out more than one insurance policy with one insurer, it is likely that they will give you a discount. Check to see if such discounts are available and applicable with your insurer.


Increase your deducible

When selecting car insurance, you typically choose a deductible. This is the amount of money you would have to pay before insurance picks up the tab in the event of an accident, theft, or other types of damage to the vehicle. Generally speaking, the lower your deductible, the higher the annual premium. That means that if you increase your deductible, you may be able to secure lower monthly premiums. However, keep the deductible an affordable out-of-pocket cost in case you file a claim and need to pay the deductible right away.


Utilize public transport

When you first get auto insurance, the insurer will ask you the number of miles you drive on the insured car per year. If you use the vehicle to commute to work every day, you will generally pay more in premiums than someone who walks or takes public transport to work. If possible, try to use your vehicle less in order to keep your annual mileage low. Ask your insurance company about the company’s different mileage thresholds so that your efforts will not be wasted.


Be a safe driver

This should go without saying, but in today’s age of increasing in-car distractions, this needs to be mentioned as much as possible. The more mindful you are on the roads, the more accidents and moving violations you will be able to avoid. Since these accidents and incidents tend to increase your premium, you will also be avoiding a spike in costs. Being a safe driver can also earn you a discount on your coverage, provided your insurance agency offers such a discount.


Coverage is important to obtain, so before you cut your coverage, consider these tips. It does not have to be difficult to secure a car insurance policy that suits your budget. Get started on securing the right auto insurance for your needs by contacting the professionals at Mayer Insurance, serving Apple Valley in Minnesota and surrounding areas.

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