Now that 2020 is finally here, it’s time to start working towards your new year’s resolutions. If one of your resolutions was to save more money, then you may be looking for ways to save on your insurance. Fortunately, when it comes to auto insurance, there are many things that you can do to unlock savings. Try out these money-saving tips for your car insurance policy.
1) Pay Your Premiums All at Once
Typically, auto insurance premiums are given in six-month terms. While you have the option to pay your premiums in monthly installments, you may be able to save by paying your premium all at once. Many car insurance carriers offer discounts to policyholders who agree to pay the whole six-month premium up-front.
2) Raise Your Deductible
Your deductible is the amount of money that you agree to pay towards insurance claims before your coverage kicks in. The higher deductible that you assume the lower your premiums will be. If you can afford to increase your deductible this year, then do it so you can save on your auto policy.
3) Drive Fewer Miles
The more you drive, the higher your auto insurance premiums will be. This is because the more you drive, the higher your risk for accidents and vehicular damage. By cutting down on the miles you put on your car, you can actually reduce your auto insurance premiums. As an added bonus, driving less also saves you money on gas and helps the environment.
Try out these money-saving tips for your car insurance policy. Do you have more questions about your auto insurance coverage? If so, then contact the experts at Mike Leonard Insurance Agency. Our dedicated team is eager to find you the right coverage from one of our many carriers, including: Kemper, State Auto, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.