1. GO FOR THE MULTI-POLICY DISCOUNT
The Insurance Information Institute (III) says many insurers offer multiple-policy discounts to reward customer loyalty. For example, you may qualify for a discount if you have homeowners insurance or life insurance and car insurance with the same company. Ask your insurer about “bundling” your policies and whether it would help maximize your savings.
2. BE A SAFE DRIVER
Maintaining a driving record with no at-fault accidents or traffic violations may help keep your car insurance premiums down, according to the National Association of Insurance Commissioners (NAIC). In fact, the association says safe drivers pay lower car insurance rates.
3. LOWER COSTS WITH LOWER MILEAGE
Some companies offer discounts to drivers who drive less than the average number of miles per year. They may also offer policies where your payments are based on the number of miles you drive. If you drive less than the average driver, you may want to look into these types of discounts or policies to help you save money on insurance costs.
4. IF YOU’RE A STUDENT, KEEP YOUR GRADES UP
Keeping up your grade point average may help save money. The III says insurers frequently offer discounts for young drivers with good grades. This doesn’t just apply to teenagers in high school. The NAIC says some insurers also offer discounts for full-time students up to age 25.
5. ASK ABOUT CAR SAFETY FEATURES
Is your car equipped to help keep you safe from harm? The III says many insurers offer discounts for certain safety features — for example, airbags or an anti-lock brake system (ABS).
6. INSTALL AN ANTI-THEFT DEVICE
If your car isn’t already equipped with an anti-theft device, consider the benefits of installing an alarm system or a stolen vehicle recovery transceiver. In addition to helping deter theft or vandalism, the NAIC says an anti-theft device may help you qualify for a discount from some insurers.
7. INSTALL A TELEMATICS DEVICE
Telematics is a method used by some insurers to collect information about your driving habits and offer personalized feedback, rewards, or discounts. If you enroll in a telematics program with your insurer, you may become eligible for car insurance discounts or rewards.
8. RENEW YOUR POLICY EARLY
Don’t wait until your car insurance policy has expired to switch to a different insurer. First off, it’s not a good idea, because going without car insurance is against the law (most states require that all drivers have liability coverage). Second, some insurance companies may offer incentives for new customers who sign a new policy before their old policy expires. Additionally, some insurance companies may offer a price reduction for policy owners who pre-pay their entire policy period, instead of paying in installments.
The Pfarr Insurance Agency has been helping families with their Home and Auto insurance from Pierce County to Snohomish County for over 2 years. We are more than happy to help you with any questions you may have. Please call the office at 253-201-1500