The right auto insurance policy can help get you back on the road quickly if your car is damaged or wrecked by an accident, fire, theft, or other event covered by your insurance policy. Your policy may also provide protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.
Don’t skimp on your coverage
The first mistake many people make to save money on auto insurance is to lower their coverage amounts and remove anything that isn’t required. Yes, this does achieve the short-term goal of lowering your monthly premiums, but it can end up costing you in the long run.
Lowering your coverage limits is, in essence, agreeing to have your insurer pay less in the event of an accident. That’s fine if you can see the future and know that you’ll simply never be in a substantial accident that causes property damage and creates medical expenses for you or the other party. Unfortunately, statistics show that the average driver will get in a collision about three times in their life.
Not only does a substantial collision increase your monthly premiums in the future, you could be paying through the nose for out-of-pocket expenses because you skimped on coverage. Avoid this mistake as much as you can.
Be a better driver
Speaking of collisions, remember how the average driver will get in three during their life? A great way to save on auto insurance, in the long run, is to beat that statistic. Doing everything in your power to avoid an accident will save you out-of-pocket costs and will help avoid an increase in your monthly premiums. As an added bonus, being a more responsible driver could help you avoid hundreds of dollars of tickets and smaller insurance claims along the way.
Okay, so we all know that we should drive responsibly — but actually taking steps to break poor driving habits like texting and driving is tough. But safe driving isn’t just “the right thing to do,” auto insurers may actually have ways to monitor our phone use while driving. A recent article from CNN discusses how new software determines whether or not someone is using their phone while driving — and how auto insurers may use this data to increase premiums.
Make the small fixes
If you’re paying each month for auto coverage, it can be tempting to use it every time your vehicle gets a scratched panel or chipped glass. Avoid increases to your premium by taking care of smaller cosmetic damage yourself. Fixes like broken side mirrors can be done quickly, easily and inexpensively
Play the game
As the saying goes, it never hurts to ask when it comes to discounts. Many insurers extend standard discounts during the online ordering process which allow the customer to feel that they’re getting a great deal. And while being able to immediately see the money you’re saving is great, it can often create a sense of complacency that you’ve found the best deal. To save the most you can, don’t hesitate to pick up the phone and call your agent, who may be able to offer steeper discounts based on a myriad of other factors that their online portal couldn’t have known. It never hurts to try!
For more information about choosing a great auto policy for your needs, you can see the full guide from Reviews.com here: https://www.reviews.com/auto-insurance/