If you have stumbled upon this blog, you perhaps may be one of the many consumers who would love to save on auto insurance but has simply no clue where to start! The following auto insurance tips can help you on your journey to spending less and saving more.
Auto insurance is unquestionably confusing to the general public. It is important to remember you are not alone, and our agency is here to help lead you through some of the basics of cutting expenses on your car insurance. Join the Satanoff team in avoiding breaking the bank through these 6 fundamental saving tips.
1. Don’t Settle, Shop around!
People do not take the time to shop around to search for low-cost quality auto insurance. Typically, consumers will avoid getting a quote from more than one company because of the assumption each company will charge the same rate. A misconception when purchasing auto insurance is that each company will give the same rate for the same coverage. The truth is that rates vary immensely depending on the company, even if everything else regarding coverage is the same. At Satanoff, we search through our insurance carriers to personally find you the best rate! Instead of you contacting each company directly, we take over the heavy lifting and find you the most inexpensive and tailored plan.
2. Drive safely
One of the biggest preventative measures to achieve inexpensive auto insurance is to simply drive safe. Before you decide to speed or even park illegally, think about how this could potentially affect the future of your monthly bills. (Hint: it negatively impacts your premium to make careless mistakes and reckless decisions while driving). If you have more traffic tickets or accidents, it will undoubtedly drive up the price of your car insurance. On the other hand, telematics programs collect data on your driving and award discounts for safe driving habits, and these rewards can help cut down on costs. Whether you are a great driver or a reckless racer, it is certain that driving history will play as a determiner in what insurance companies will want to charge.
3. Better credit
Improving your credit can make all the difference in the price of your auto insurance premium. Credit scores serve as an integral aspect that car insurance companies use to calculate how much to charge you. The better your credit is means, the better your rates.
4. Discounts
Every insurance company offers special ways to lower your car insurance premium, such as student or veteran discounts. Some insurance companies even offer discounts for having special features on your car (i.e., theft protection) and never being in an accident (i.e., the safe driver discount). Interestingly enough, you may be entitled to discounts based on your occupation! Some of the top occupations that receive car insurance discounts include teachers, firefighters, federal/government workers, and military or law enforcement officials. To ensure you are receiving all discounts you are entitled to, ask your agent to review all possible savings for your plan.
5. Drop unnecessary coverages
Insurance companies want to charge consumers for each and every coverage possible, even if it is not applicable or necessary for the customer. For instance, having collision and comprehensive insurance on a car that barely functions is useless, and it would be wiser to save for a new car.
6. Increase your deductible
A higher deductible will calculate a consumer to have a lower monthly payment on their insurance. If you pay more out of pocket at the time of an accident, the monthly rate will fall. It is important to note that in the case there is an emergency, have money set aside to afford the deductible.
Key points
Driving safe and having a good credit score pays off. Unknown and hidden discounts can save you money. Increasing your deductible helps cut down on monthly payments. Coverages should be specific to your situation. You will only waste money in having impractical or useless coverage. All insurance companies do not have the same rate. Choosing the easiest option is not certain to be the most cost-efficient. All of these auto insurance tips will help in optimizing your auto insurance premium, but this does not go without saying it is timely. If you would like a guarantee of saving on both valuable time and expensive premiums, contact an agent at Satanoff. Our agents at Satanoff focus on helping to find insurance solutions while simultaneously offering you a long-lasting honest relationship.
Let us alleviate your auto insurance anxieties and guide you through the confusing sea of insurance today!
