How to Lower Your Auto Insurance Rate

There comes a time when you feel the need to shop around for an auto insurance quote because your current premium is too high. Before you decide to leave your current insurance company, consider asking if there are ways in which you can lower your auto insurance rate. You may be surprised at what you find out.

1. Do you need full coverage? Vehicles that have loans on them are required by the banks to carry full coverage. When they are paid off, you may opt to remove the comprehensive and collision coverages from your policy thereby reducing your premium.

2. Consider higher deductibles. For those who want or need the comprehensive or collision coverage, you can opt to choose higher deductibles.  The higher deductible costs less and can keep your auto rates low.

3. Are you receiving all of your discounts? There are many discounts available such as those for retired drivers, students who receive good grades or participate in a driver’s education program and those with multiple policies.

4. How old are you? Insurance premiums also come down with age. Some companies offer discounts when a customer turns 21 or 25 years old.

5. Maintain good credit. A good credit history shows the insurance company that you are a reliable customer and you will pay your bills on time. Those with a good credit history usually qualify for the better rates.

6. Maintain a good driving record. Those with no accidents and tickets will qualify for better rates than one who has many accidents or is prone to getting tickets regularly.

7. Go paperless. Many companies are now offering customers a chance for lower premiums if they opt to receive their bills by email. Other options which may lower rates include enrolling in the automatic bill pay or paying the premium in full.