INSURANCE AGENCY NETWORK Blog
Car insurance is a necessary expense. This largely depends on your age as well as your other circumstances. Car insurance companies use a variety of algorithms in determining the right car insurance rates. Whether the car accident rate increases or not, you need to have car insurance for safety. Here are some tips to pay lower car insurance premiums.
Shop Around for the Most Ideal Rates
Car insurance prices vary from one company to another. Get at least three different price quotes from three different insurers before you make a decision. In this case, you can call the company directly, or you can search their FAQs on the Internet. You can also ask friends and relatives what their recommendations are. Also, you may want to contact your state insurance department if you have other questions. Beware of discounts – look at the coverage and the entire policy, not the refund!
Ask for Bigger Deductibles
Whatever you pay before you can get your insurance claims is your deductibles. If you specify higher deductibles in your insurance, you can lower the costs of your insurance. If you increase your deductible from $300 to $800, that could reduce your collision coverage by as much as 30 percent. In that case, you’ll end up paying lower premiums. Just make sure that you have enough money reserved if you file a claim.
Inquire About Special Discounts
Many insurers offer discounts to their policyholders, especially if you haven’t had any accidents in the past. In that case, then you should apply for a discount. Talk to your insurer beforehand about the discounts that their company is offering if you sign up. Also, you may ask for lower rates in case you qualify. However, don’t get carried away by discounts. The most important thing is that you get what you want.
Take Advantage of an Insurance Package
If you decide to get another type of insurance from the same insurance company, it's better to get it where you got your car insurance. That should give you a discounted premium. Also, some insurers offer additional discounts for long-time customers. If you've insured two of your vehicles through your insurer, then you may be able to get a discount.
Maintain a Good Credit Record
If you have a solid credit history, then your insurer might use that to determine the cost of your policies. People who can manage their credit will usually make fewer claims despite their insurance. Thus, they end up paying lower premiums.
At Insurance Agency Network, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.