Lower Auto Insurance Rates


Insurance has a lot of “ins and outs” that can be complicated but ways to try and save money on your auto insurance are not complicated. Follow these simple tips to help maximize your auto insurance savings.

1). All vehicles on the same policy

Most auto insurance companies offer a “Multi-Vehicle” Discount when customers insure all of their vehicles one one policy. This discount is most times offered on ATV and Motorcycle policies.

2). Car and Home insurance with the same company

Insuring both your home and auto insurance with the same company will allow you to receive a “Multi-Policy” discount. Most companies offer this discount as a “perk” to get your property insurance, this is perfectly legal, and a great way for the customer to save extra money.

3). Ask about discounts

Discounts are a great way to save money on your insurance. Ask your agent/insurer for a list of discounts offered because you never know how the details of your life could save you money. Have kid(s) that do well in school (B average or higher)? There’s a discount available for Good Students, all the company will need is a copy of the students most recent transcript for proof. Students in college still listed on their parents policy are also eligible for this discount.

4). Increase your deductibles

Basically, the higher your deductible the lower you insurance premium. Increasing your deductible from $500 to $1,000 could potentially save five to ten percent. Since the deductible is the portion you have to pay in the event of a loss, you want to be sure the deductible is still affordable.

5). Drop collision coverage

Is your car getting up there in age? You may want to think about dropping collision coverage on your older car. This decision is not always clear-cut. You need to weigh the cost of collision coverage with the value of your car and the deductible you have chosen. For example: if you have a car the is 15 years old worth a $1,000 and you have a $1,000 collision deductible, the collision coverage won’t be worth anything.

6). Pay your premium in full

Many companies charge a processing fee if the customer pays monthly versus all at once. So, if you can afford paying your premium in full you will pay less in the end.

7). Drive carefully

Your driving record is the most influential factors when your car insurance rate is determined. So, driving carefully can really help your check book in the long run. Tickets stay on your record for a minimum of 3 years and accidents stay for at least 5!

Realated Read: https: True Cost of a Minnesota Speeding Ticket

8). Check your rates as your life changes

Changes in your life can affect your insurance rates. Events like getting married, moving, adding a teen driver, changing jobs (or retiring) or getting higher education. These are all key times to call your agent to see if you insurance is affected and if your current company is still giving you the best rate.

Also find us at: Marketing Link Insurance