Keeping your auto insurance costs to a minimum can be an important part of balancing your budget each month. Thankfully, there are a few tricks that you can use to help secure a lower auto insurance quote without the need to sacrifice the quality of your coverage in the process. Continue reading to learn more about three of these tricks.
Money-Saving Trick #1: Raise Your Deductible
One of the easiest ways to instantly score a lower auto insurance quote is to choose a higher deductible. The higher you choose to set your deductible, the lower you can expect your monthly insurance rates to drop. However, this does not mean that you have to set your deductible extremely high just to successfully lower your insurance rates. Simply raising your deducible by even a few hundred dollars can result in a rather substantial discount. In fact, most people will find that they are still able to save money over the life of their insurance policy even if they find themselves needing to cover the higher deductible.
Money-Saving Trick #2: Sign Up For A Safe Driver Mobile App
Most auto insurance companies now offer mobile apps that are capable of detecting how safe of a driver you are. These apps collect data such as how quickly you accelerate, how smoothly you brake, and how much time you spend on the road during the night. Using this data the insurance company is able to more accurately determine how much of a risk they are taking by insuring you. Since the cost of your auto insurance policy is mostly based upon the risk that you pose, being able to demonstrate that you are a low-risk driver is a great way of scoring lower insurance rates. While the safer you drive, the higher your overall discount will be, most insurance companies are willing to provide you with a discount just for trying out the program.
Money-Saving Trick #3: Combine Your Insurance Products
For most people, auto insurance is just one of the many different types of insurance coverage that they require. For instance, in addition to your auto insurance, you may also require homeowner's, renter's, or boat insurance. Combining all of your insurance products into one insurance bundle allows you to qualify for a loyalty discount. The best part is that this discount will not only lower your auto insurance rates but will result in you paying less for all of your insurance needs.
For more information, contact a local insurance company, like The Lofrumento Agency, Inc.
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