The cost of purchasing an automobile has significantly increased as well as the number of car accidents. Finding ways to cut costs is becoming more important due to both of these. Here are some ways to decrease your insurance costs.
Smaller Vehicle
The bigger the car the more it will cost to cover it with insurance. Not only will you save in premiums, but fuel as well.
Bundle For Better Rates
Most families have at least 2 cars in their households. You can take advantage of a multicar discount and possibly save at least 25% depending on the carrier by having everyone on one policy.
Increase Your Deductible
If you are involved in an accident, the deductible is the portion you have agreed to pay out of pocket for any necessary repairs. If you set it low, your insurance will cover more of the costs, but your premium will be higher. It may prove to be beneficial if you feel you are at low risk of being involved in an accident to increase your deductible.
Improve Your Credit Score
Some insurance companies take into consideration your credit score when determining the cost of the premium. If you have a low score, they see you as a liability. You could save a significant amount with a higher credit score.
Anti-Theft Security
If you choose or if it’s required to have comprehensive coverage, increasing your security will help you save on your premium as well. Installing wheel locks, tracking devices or an immobilizer are just a few ways to enhance your anti-theft security.
Reduce Your Coverage
You may find that you don’t need both comprehensive and collision. If you have an older car, you may be able to reduce this to liability only. Maybe you are paying for extras, such as roadside assistance or rental cars. As great as they both sound, they do cost more money.
Track Your Driving
For the past several years, insurance companies have offered to allow you to place a device in your car to track your driving record. If you are found to be a safe driver, you may be eligible for a discount.
Store Your Car In A Safe And Secure Area
If possible, store your vehicle in a garage or secured area. Most insurers will reduce your premium knowing your vehicle is less likely to get stolen.
Contact us (859-781-7283) for more information or get a free quote!
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About Rollins Insurance
Rollins Insurance is an independent insurance agency providing our clients the best prices with the most coverage possible since 2008. We represent multiple A-rated insurance companies to make sure we deliver the most competitive rate packages to our clients in Kentucky and Ohio. We find that most people are under-insured and over-paying when we meet them. We love what we do and our primary business is Personal Auto, Homeowners, and Life and Health insurance. We are a family-owned and managed business that specializes in providing needs-based insurance services.
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