It is known that most insurance companies charge reckless drivers a higher premium. Irresponsible drivers are a significant expense to the company as they get into accidents more often. As a result, auto insurance is 10%-25% cheaper for safe and responsible drivers.
Not only because of cheaper auto insurance costs, being a safe driver is essential. Financial health will be better off without accidents as well.
Pick The Right Cover
Insurance companies offer three levels of coverage. The first cover is the minimum level of cover required to drive. It covers people for damage to a third party’s cars and property. Injuries are also covered but not the damage to the insured’s car.
The second level covers claims for losses in case of theft and fire. At the same time, the third level is for comprehensive coverage for all losses, including damages and personal injury to the injured. Keep in mind that although third-party cover offers the least protection, it does not mean that it is the cheapest option. Always ask the insurance agent for quotes.
Purchase Bundle Insurance Policies
Another tip to save money on auto insurance is to bundle it with multiple insurance policies. Most insurance providers give their clients an average of 10%-30% discount if they have various insurance.
However, do not forget to ask the insurance company before doing it. There are still some that charge more if people decide to insure multiple policies with them.
Increase The Deductible
Generally, when people get into an accident, they still have to pay an additional expense aside from the insurance premium they paid earlier. A deductible amount pays if they get into an accident to file a claim with the insurance provider. The deductibles average $100; if it is increased to $500, the insured can save 40% in an accident.
There are several ways to cut down auto insurance costs. Do not hesitate to ask insurance agents for their options to lower the premium because they will always provide great offers and conditions.
At Brad Spurgeon Insurance Agency Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (409) 945-4746 or Click Here to request a free quote.