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Shedding Light On Car Insurance Savings
It
can be easier than you think to put the brakes
on high auto insurance rates – as an independent
agency,
Landmark Insurance Agency
can help! We can review your policy and possibly
help you find a variety of illuminating ways to
save money. Here are some things you may want to
consider:
Ask us to check
several companies’ rates.
This is the single most important thing you can
do to get the best possible rate—and we
can do it for
you quickly and easily. The difference between
the highest and lowest rate available to you
from different companies could vary by hundreds
of dollars.
Reduce
or drop physical damage coverage on an older car.
Depending on your car’s age and where you live,
comprehensive and collision coverage may not be
worth keeping. We can give you advice on whether
it makes sense to reduce or drop this coverage
altogether.
Raise
your deductible.
According to the Insurance Information
Institute, raising your deductible from $200 to
$500 could reduce your collision and
comprehensive cost by 15 to 30 percent. In
addition, because the average driver files a
collision claim only once every ten years, odds
are that over the lifetime of your car, a higher
deductible will save you money. We can show you
how raising your deductible will lower your
premium.
Look
for discounts.
Many insurance companies reduce premiums for
certain driver traits or car features. For
example: being a homeowner for more than three
years, nonsmoker, nondrinker, students with good
grades, senior citizens who have taken an
approved defensive driving course, people who
only drive for pleasure, cars kept in garages,
antilock brakes, antitheft devices, air bags,
etc. Ask us to check.
Don’t assume having
your car and home insured by the same company is
the best option.
Because auto insurance rates vary so much from
company to company, it may make sense for you to
have your car and home insured by separate
companies. Let’s talk about it. |
