Essential Tips to Help Reduce Your Car Insurance Premiums

Searching for auto insurance can be stressful because there are multiple factors to consider. In addition to comprehensive and collision coverage, you have to weigh additional factors such as emergency roadside assistance. Adding extra coverage options can increase the amount of your premium. Luckily, there are several ways that you can find the policy you want at an affordable price.

  • Bundled Coverage

    You may qualify for a discount if you choose a bundled policy. A bundled policy involves purchasing more than one policy from the same insurance company. For example, you may qualify for a great discount if you purchase home and auto insurance together. Having multiple policies with one company also alleviates a lot of stress.

  • Higher Deductible

    Your deductible is the amount of money that you have to pay out of pocket before your insurance company handles your claim. Your deductible amount does impact your insurance premium. If your deductible is high, then your monthly insurance premium will be low. If you pay a little more on your deductible, then you won’t have to pay as much on your monthly premium.

  • Cutting Paper

    Receiving paper bills can cause stress. More and more bills come in the mail until you feel overwhelmed. If you become too stressed, you may miss a deadline, which could result in you paying expensive late fees or even losing your service. Consider signing up for automatic bill pay. Avoiding the possibility of watching the bills stack up on your table can make a huge difference. You may even qualify for a discount through choosing to go paperless.

  • Clean Driving Record

    Maintaining a clean driving record is important. As your record of clean driving continues to grow, you should be able to qualify for multiple discounts.

  • Taking Care of Your Vehicle

    Regular maintenance helps your vehicle function properly. As long as your vehicle stays in top shape, you can avoid paying for expensive repairs. Look for an insurance policy that provides some financial relief in the event that you are involved in an accident.

  • Analyze Coverage Limits

    As you research different quotes, pay attention to the coverage limits in each policy. Figure out whether you are comfortable with just the minimum coverage or if you’d be willing to pay a little more money for the comfort of full coverage.

Saving money on auto insurance should be one of your top priorities. At CF&P Insurance Brokers, we will sit down with you and help you find the coverage you need to help manage your finances.

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