6 Ways to Reduce Your Auto Insurance Rates Without Sacrificing Coverage

Nobody likes to pay more than they have to. Overcharged for your burger at a restaurant? You’ll demand to get the bill fixed before you leave. Worried that you paid too much for an oil change? You’ll start comparing rates and service with everyone you know.

Paying too much for auto insurance seems like a crazy thing to do, especially when you haven’t been in an accident in years. It probably seems easier to reduce some of your coverage to cut costs, but all it takes is one bad accident to undo any savings you might have had.

There’s a better way to reduce the amount you pay for your Massachusetts auto insurance without sacrificing coverage. You just need to know how.

Bundle Your Policies

Most insurance companies will give you a multiple policy discount for combining your home and auto insurance or your renter’s and auto insurance. Plus, when you add on drivers, the rates will be less expensive than if everyone had their own individual policies. Give us a call and we’ll review your current policies to see if you’re missing any opportunities to bundle.

Be a Safe Driver

Let’s face it – the more accidents you get into, the more you pay for auto insurance. Consider a defensive driving course to show that you’re a safe driver or to reduce any points you’ve accumulated from previous accidents. When you’re on the road, drive safely to avoid causing any accidents.

Choose Higher Deductibles

Assuming you don’t file claims very often and you can afford a higher amount, going with a higher deductible can save you a lot of money on your insurance premiums each year. Switching from a $250 deductible to a $1,000 deductible can save you quite a bit. The key is to select an amount you can comfortably pay if you have to file a claim.

Buy the Right Vehicle

This won’t help you until you’re in the market for a new or new-to-you vehicle, but the type of vehicle you drive helps determine your auto insurance rates. Large SUVs are more expensive to insure than smaller cars, while older vehicles are less expensive to insure than newer vehicles. When you’re ready to buy another vehicle, a smaller, used car may help you save on your insurance.

Drive a Little Less Each Day

When you purchase a new plan or update your information on an existing one, one of the questions you’re asked is to identify how many miles you’re driving each year. Often times, the more you drive your vehicle, the higher your insurance rates. Take advantage of mass transit in your area, walk when you can, and when your commute does become shorter after a move or change in job, make sure to update your insurance with the decrease in annual mileage.

You can save money on your auto insurance rates without reducing your coverage and making yourself vulnerable. If you’d like to find out how much you can save, give us a call. We’ll be happy to go over your discounts, deductible, and other options for lowering your auto insurance premiums.