You want to start by getting the most out of your auto insurance policy by comparing rates from different companies. The insurance industry has become very competitive and if you look, you can find some discounts and maybe even some great deals. So in order for you to possibly get your insurance for less, and not miss opportunities to save on premiums, I am listing some tips below.
Auto insurance policy adjustments:
· Removing Collision Coverage for an older Vehicle
· Raising the deductibles on Collision and or your Comprehensive Coverages
· If you have more than one Vehicle, drop rental car Coverages
· You could lower your limits for Bodily Injury Liability and Property Damage
· If you have duplicate road side assistance programs, drop the least helpful on
· If you have medical insurance coverage, and your state allows you too, drop your medical coverage on your auto policy.
Discounts that could be available on Auto Policies:
· Check on claims free discounts
· See if they offer safe driver benefits
· Features your auto may have like airbags, anti-theft devices, anti-locks brakes that offer safety and security to the occupants may also qualify for discounts
· If you bundle all your policies like life ins., homeowners, boat or an umbrella policy these also could drive discounts on your policy.
Check Auto Insurance Rates by Comparison Shopping on the Internet or In Person
There are many reasons why there can be major differences in companies rates, 1.) Some companies are just more competitive than others, and 2.) other companies based on their claims history in an area, may use different underwriting criteria. So for these reasons, you will find that by shopping around you could uncover savings on your insurance dollars.
Here is a partial list of underwriting Rate Factors:
· Driving Records
· Drivers history
· If there are any Moving Violations recently
· Have there been any alcohol or drug violations while driving
· Have there been Cell Phone Violations
· One big one is have there been any at fault accidents
· Uninsured driving Violations.
Other factors of equal importance that can affect your pocketbook are, do you drive the speed limit, are you a defensive driver and do you try to obey the traffic laws. One last and really big factor in your rate is your credit score. The higher your credit score, the lower your rate.
So to get the most out of your auto insurance dollar, follow some of these tips, review your policy every couple years to spot areas you can change for your benefit. In today's market place, it does not make sense to pay more than you need to on your rates for auto insurance.
