Getting car insurance helps protect the driver or the car owner. Whether it’s just basic liability insurance or you have full auto coverage, it’s crucial to ensure that you’re getting the best deal possible. You shouldn’t have to spend more than needed as auto insurance is not supposed to drain your bank account. Knowing exactly what affects your auto insurance rates will help you save on car insurance and get good coverage without breaking the bank.
How Can You Save on Auto Insurance Rates?
While certain things that affect car insurance rates, such as driving history, are within your control, costs are also affected by things like state regulations and state accident rates, factors you have no control over. Here are some ways to reduce car insurance rates.
- Take advantage of car insurance discounts: Insurance companies offer special plans and deals to promote their company and encourage more consumers to patronize them. Look out for these special discounts like the multi-car discount which you get for insuring several cars or drivers in the same company and the discount for installing anti-theft devices in your vehicle. Companies offer varying forms of discounts based on vehicles brand, coverage options, lifestyle, and driving. Some also offer student discounts, discounts for owning your home, and discounts for using only a digital means to get coverage.
- Analyze and re-evaluate your coverage periodically: Taking a review of your coverage compared to your car will enable you to discover what plans you don’t need and should therefore drop. If your vehicle is worth less than your deductible plus the amount you pay for annual coverage, it will make more sense to drop certain things like collision or comprehensive coverage. That’s because your insurance would never pay more than what the car is worth. This is especially applicable in the case of old vehicles.
- Use a defensive driving discount: Ask your insurer if they offer this discount before signing up for a defensive driving course. Additionally, know your state’s rules for accredited defensive driving courses, as they can differ from state to state. The course is now available on line, visit our website www.scavoneins.com for more information from one of the NY DMV approved online courses.
- Leverage the students away at school discounts: Many insurance companies will reduce how much you spend on car insurance premiums when your child goes off to a college that is over 100 miles away. Young drivers appear to be at higher risk of collisions due to distractions, unwise decisions, and inexperience, so in their absence, you don’t have to pay as much since your car is already at lower risk of insurable damages.
Ask your agent to compare quotes from different companies based on your own situation. Just because an insurer offers many discounts doesn’t mean it provides the best overall price along with your preferred type of coverage.
At Scavone Insurance, we can help you through your car insurance troubles without hassle. Contact our experienced insurance experts at the Scavone Insurance Center, White Plains, New York, today.