When it comes to getting a lower car insurance rate, some drivers spend considerable time and effort working toward savings. Shopping around to compare quotes from different companies, like Biglow & Company, can be effective, but it's time consuming; attending a defensive driving class will lower your rate, too, but it takes up your precious spare time. There are other ways to help save money on your car insurance bill and many can be accomplished through one simple phone call with your insurance provider. Keen on lowering your rate but short on time? Grab the phone, call your company's agent and discuss the three following topics. It will be time well spent.
Deductible Increase
Before you call your insurance agent, check your car insurance paperwork to determine the amount of your claim deductible. Then, consider your financial situation. If you can reasonably afford to pay a higher deductible upon having to make a car insurance claim, you'll lower your overall insurance rate. When you speak to your agent, ask about how much you have to raise this amount to qualify for the rate reduction you desire. This simple change is an effective way to lower your monthly insurance bill with a minimal investment of time and money, but you should be sure to only raise your deductible if you know you'll have the money to pay it.
Coverage Drop
Dropping certain types of car insurance coverage can be a cost-effective change to make to your policy. Many drivers who have old, low-value vehicles opt to drop their collision coverage. Talk to your agent about specifically how much you're paying for your collision coverage over the course of the year and compare that number to your deductible and your car's overall value. Should you be involved in an accident, you might find yourself paying more for your deductible than the car is worth, which means there's little sense in keeping your collision coverage.
Vehicle Use Discussion
If you use your vehicle daily to get to and from work, ask your insurance agent how much money you'd save by finding another method of commuting. Granted, using public transportation or traveling with a neighbor might not be as convenient as taking your own vehicle, but keeping your vehicle away from busy rush-hour traffic, in which there's an increased risk of getting into an accident, can translate into a lower insurance rate. Provided you can find another way to get to work each day, this simple policy change can leave you with money in your pocket.
Share11 November 2015
