Although you might not be able to change your location, your age, or your past driving mishaps, you can make great choices in other areas. Your insurance agent can help you with these decisions so that you get the most coverage for the least premium.
Let's take a look at six key factors that affect your auto insurance premiums.
1. Coverage And Deductibles
You can choose your deductible and decide whether to add additional coverage that isn't required by the laws in your state. These choices in your coverage and deductibles play a major role in your monthly payment.
When you choose a higher deductible it usually translates to a lower monthly payment. Additional coverage may give you added financial protection, but will raise your premium depending on the amount you choose.
2. What You Drive
Some insurers increase premiums for autos that are more susceptible to damage, occupant injury, or theft based on statistical data gathered by the industry.
Before you buy your next auto it is a good idea to do some research. Knowing the statistics of autos you are considering can go a long way in keeping your rates low.
3. How Often You Drive and the Distance Driven
Autos used for business and long-distance commuting usually carry a higher premium. The more miles you drive in a year can mean higher the chances of an accident. Consider car pooling or using an older car for long distance driving.
4. Your Driving Record
As mentioned you may not be able to change your past accident claim history, but you can change it from this day forward. The longer you are accident free the lower your premiums will be. Driving extra careful has multiple benefits.
5. Bundle your coverage. The more polices you have with one company the more you save. Consider bundling your auto policies with your home owners or renters insurance polices, your life insurance, or your business insurance. All of these bundled will provide you with an even greater discount on your monthly premiums.
6. Auto alarm systems save money. If your auto did not come with a factory installed security alarm system, consider installing an after market system. Check with your insurance agent to see what kinds will save you in monthly premiums by getting an extra discount.
Simply by doing a little research and asking these questions you can possibly lower your premiums each month!
Debbie Swinney is able to help you with your Kansas auto insurance needs and answer any questions you may have regarding policy choices.
Thank you very much Debbie! That was very helpful!
Nadav
nadavs
No comments:
Post a Comment