Tips to Save Money on Auto Insurance Premiums

If you are like most people, you are always looking for ways to save money. One area where you may be able to save some money is on your auto insurance premiums. Here are some tips that may help decrease your auto insurance costs while still maintaining adequate coverage.

Drive Safely

The first and most important thing you can do to lower your auto insurance premiums is to drive safely. Nothing affects your auto insurance rates more than your driving record. Every time you are responsible for an accident or receive a moving traffic violation, you risk having your premium raised or your policy cancelled.

While you can't change your past driving history, you can make a commitment to drive responsibly going forward. Keep your speed down, always wear your seatbelt, and never drive under the influence of drugs or alcohol. Not only will these actions help keep you safe, but they may also help lower your insurance costs.

Increase Deductibles

Your auto insurance rates will decrease as you raise the deductible amounts on your policy. A deductible is the amount of any loss you must pay before the insurance company will cover damages. For example, if you have a deductible of $500 on your auto policy and have $2,000 worth of damage, you pay the first $500 and the insurance company pays $1,500. Deductibles are not available on liability only coverage.

Credit Scores

Most insurance companies use your credit history along with accidents, violations, age, and location to determine your premiums. Obtain a copy of your credit report and verify that the information is accurate. Bankruptcies, judgments, liens, late pays, and credit inquiries will cause your "credit score" to decrease and your premiums to increase.

Take Advantage of Special Discounts

Some companies offer "good student" discounts to young drivers with good academic records. Generally, a B average is required to qualify. Others offer discounts for insuring two or more cars, buying both auto and homeowners coverage, or special features that lower accident risk, like a security system or Ring doorbell.

Shop Around

Another way to lower your auto insurance premiums is to shop around for the best rates. You can increase your odds of getting the best insurance "deal" by getting information about rates, coverage, and service from a number of companies.

There are several websites that can provide instant quotes for auto insurance. However, be wary of buying auto insurance directly over the Internet without an agent to compare carriers and make sure you’re getting the best rate. To simplify, call Family Union Insurance and we can shop for you, compare carriers, and make sure you’re getting the best rates for you.

Conclusion

Lower your auto insurance premiums in Kansas City, Missouri may seem overwhelming, but following these tips may help make it easier. Remember to drive safely, consider increasing deductibles, check your credit score, take advantage of special discounts and most importantly, have an agent shop for you!