Who doesn't love to save money? This article will provide practical tips and advice on how you can potentially lower your insurance costs without compromising on essential coverage. Discover ways to get the most value from your insurance.
Tip 1: Proof of Prior Insurance Coverage Discount
If you've had insurance for the entire 6 months before moving insurance companies, you will receive a discount. Provide your new insurance company with a copy of your ID card, renewal notice, or declaration page to show you were already covered.
Tip 2: Automatic payments
When you allow your payments to be automatically withdrawn from your account or card, you will receive a discount.
Tip 3: Defensive Driving / Good Driver Discount
Drivers who've taken an approved defensive driving course can save up to 10% on their policy.
Tip 4: Good Student Discount
If you're a student in higher education and you have a 3.0 or higher. You can provide your insurance company with a copy of your transcript to receive a discount.
Tip 5: Bundle your policy
When you bundle your auto insurance with your homeowners or renters insurance, you can save between 10% and 30%.
Tip 6: Raise your deductible
The higher your deductible on your auto insurance, the lower the premium will be.
Tip 7: Pay in full
Paying in full for the term will eliminate you having to pay the extra service fees the insurance company charges for monthly payments.
Tip 8: Shop around early
Some companies will lower your premium if you purchase your insurance a week ahead of the effective date.
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