No one likes overpaying for auto insurance, but sacrificing coverage to save a few dollars isn’t the answer either. The truth is, you don’t have to choose between protection and affordability. With a little know-how, you can lower your premium while keeping the coverage that matters most.
Here’s how you can start saving without compromising your peace of mind (and, of course, your coverage).
Would you consider yourself a safe driver? If yes, then increasing your deductible is one of the best ways to lower your monthly premium. A higher deductible means you’ll pay more out of pocket if you ever need to file a claim, but in the long run, it reduces the cost of your insurance. This is a good option if you rarely file claims or have a history of safe driving. However, it’s important to weigh the risk of higher out-of-pocket costs against the savings you’ll see on your premium.
The majority of insurance providers provide some kind of discount, and you might qualify for more than you think. Some common discounts include savings for good driving records, being a student or alumni, or installing safety features such as anti-theft devices. For those who do not drive often, there are even low-mileage discounts. These little savings can add up over time, so don’t be afraid to ask your insurance company what discounts you might be eligible for.
Not every driver needs full coverage. While comprehensive and collision coverage can be useful, they may not be necessary if you drive an older car with a low market value. In these cases, you can opt for liability-only insurance, which covers damage you cause to others but doesn’t cover your own vehicle. This way, you can keep your premiums low while still meeting legal requirements to drive.
Paying your premiums upfront rather than in monthly installments can help with your savings. Many insurance providers offer discounts to customers who pay their annual premium in one lump sum. If you’re in a position to do so, this is an easy way to cut costs without having to adjust your coverage.
Your insurance needs can change over time. The car you drive, how much you drive, and even where you live can affect your insurance rates. It’s a good idea to review your policy annually and make sure it still meets your requirements.
At Glacier Insurance Company, we understand that finding affordable insurance can be challenging, especially when you’re faced with high premiums due to factors like credit. That’s why we offer cheap insurance without a credit check, making it easy for you to get the coverage you need. Contact us today to get a quote!