When it comes to car insurance, there are a number of ways to reduce your premium. And in today’s tough economic times, every little bit helps. Asking the right questions can mean big savings.
Can I save by shopping around? Car insurance rates can vary by hundreds of dollars between carriers, as an independent agent, LPL Risk Management can quickly and easily compare rates for you.
Am I carrying the right amount of coverage? Owners of older or inexpensive cars could consider dropping Comprehensive and Collision coverages. Doing so can save hundreds of dollars each year.
Is my policy up to date? If you’ve moved, gotten married, or bought a home, check with your agent – you may be eligible for lower rates.
Should I raise my deductible? According to the Insurance Information Institute, raising your deductibles $500 could reduce your Collision and Comprehensive costs by 15 to 30 percent.
Do I qualify for any discounts? Certain carriers offer reduced premiums for car features like anti-lock brakes. You might also be eligible for discounts if you pay in full, own a home, are a loyal customer, have no recent tickets or accidents, sign up for paperless billing, list another car on your policy,are a AAA member, and more. LPL Risk, can place you with the right carrier depending on what discounts you qualify for.
Adapted from our friends at Progressive
