Looking at your bank account after the holiday season can be a sobering experience. With the new year approaching, now is the perfect time to get your finances in order and try to save a little bit of money! One of the best ways to do this, is to make sure that you are maximizing your insurance policies. As it turns out, most people are paying more than they have to for their auto-insurance. That’s why we decided to put together this list of the four best ways to lower your auto-insurance bill!
Perhaps the easiest way to lower your auto-insurance costs is to simply drive safely! Most insurance companies will reward you by lowering your costs if you go a specified period of time with no accidents or moving violations! Don’t worry, parking tickets don’t count. Yes, you should always drive safely, but hopefully saving money on your car insurance acts as extra incentive to drive a little slower.
Pay Your Bills On Time
It’s 2017, if you don’t have your auto-insurance set to autopay you’re making a huge mistake. Most carriers factor in your credit information when they are calculating how much your coverage is going to cost. Improving your credit will have a direct impact on how much you pay for auto-insurance.
Adjust Your Deductibles
Deductibles are the amount you pay before your insurance coverage kicks in. If you can afford to have a higher deductible, you’ll save a considerable amount on your premiums. However, you have to be sure you can afford the deductible should an accident occur or you won’t be able to access your coverage at all! If you can afford it, the payoff is substantial. Raising your deductibles by as little as $300 can lower your premiums up to 30%.
Ask About Discounts
While this may seem obvious, many people don’t take the time to ask their carriers to check their eligibility for any discounts that may be happening. There are so many different kinds of discounts that you would never know about if you didn’t ask a professional. Do you own your home? That’s often a discount! Don’t pay because you didn’t take the time to ask a simple question. Ask your carrier if there are any discounts available that you’re eligible for.
Insurance should give you peace of mind about your finances, not be another stress. Take the time to make sure you are getting the most out of your policies, particularly your car insurance! The staff at TGS Insurance are experts on auto-insurance policies and are always happy to work with you to find the perfect policy for your needs. Visit www.tgsinsurance.com for more information.