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How I Lowered My Car Insurance Premiums

By Edited Nov 13, 2013 0 2

If you are like me, you are looking for ways to save a few dollars wherever you can. I was able to lower my auto insurance premiums by making a few changes to the policy. Here is an overview of what I did. You can probably get a few ideas from my experience to help you lower your car insurance premiums too.

Do you have the best rate?

The first thing that I did was call around to get quotes from a few different insurance companies. You have to be careful to make sure that they are providing the exact coverage as your current insurance policy to you have an apples-to-apples comparison.

After checking around, I realized that my insurance company actually gave me the best rate. So my next step was to look at my policy to determine if I could save money by making some changes.


Can you raise your car insurance deductible?

My deductible was pretty high, and I haven't had an accident or a claim in years. I asked my insurance company to tell me if I raised my deductible to different amounts what my new insurance premium would be. I was shocked by how much I was able to save by just raising my deductible a little bit.

I'm a pretty cautious driver, so I felt comfortable making this change. You'll have to see how a new deductible would impact your insurance premiums and if you would be willing to take the risk.


I didn't even know that my insurance coverage included roadside assistance.

My parents purchased AAA coverage for me a few years ago, and they renew it every year on my birthday. Since I have AAA, I don't need to have roadside assistance on my auto insurance. I was able to save a few bucks by having my insurance company remove the roadside assistance from my policy.

Health insurance? I thought this was an auto insurance policy.

I was also surprised to see the amount of medical insurance coverage that was included with my auto insurance policy. I have pretty good health insurance through my company, so I had my auto insurance company remove the medical coverage for me from my auto insurance policy. This reduced my auto insurance premium by a fair amount.

Does your auto insurance company offer other types of insurance?

I found out that I could also get renter's insurance through my auto insurance company. By combining my auto policy and my renter's insurance, I was able to save a few dollars on both policies.



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Comments

Aug 30, 2010 12:36am
Mabelle
When I quit my job to work from home, I informed my <a href="http://aarp.thehartford.com/"&gtauto insurance</a&gt company about it and my rates went down due to reduced traveling.

Source: http://aarp.thehartford.com/Auto-Insurance/
Oct 29, 2010 2:11am
Mesriani_Law_Group
These are great tips.

Another thing you can do is avoid expensive cars.

Expensive cars means higher repair costs and it is even more susceptible to theft,thus increasing your insurance premiums
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