Auto insurance is one of those things in life that you hate paying for, but you're very glad to have when you need it. But even if car insurance is a necessity, that doesn't mean that you should pay more than you have to for insurance coverage. Many people are overpaying for insurance, because they don't know some of the tricks to get the lowest rates possible. You may be overpaying for your auto insurance if:
You Didn't Shop Around for Auto Insurance
Every insurance company has their own algorithm for determining auto insurance rates. You can request quotes from several different companies, and there is a very high chance that each quote would be for a different price. Shopping around for insurance is one of the easiest ways to ensure that you get the lowest rate possible. If you only got one quote from one insurance company and then purchased that policy, there is a possibility that you're paying more than you have to for your car insurance.
Your Insurance Policies are Not Bundled
Insurance companies work hard to attract new customers, and they often reward loyal customers who have several different policies with a nice discount. If you want to save money on your auto insurance policy, carry your car insurance, homeowners or renters insurance, and life insurance policy with the same company. If you currently carry each type of insurance policy with a different company, get quotes from each company to see which one offers the greatest discount for bundling policies. Talk with Keller & Associates Insurance Brokers to see how you can bundle different policies.
There Has Been a Change to Your Driving Record Since You Purchased Your Auto Insurance Policy
You driving record plays a big part in how much you pay for auto insurance. If you have several tickets, at-fault auto accidents, or infractions, you will be seen as a higher risk to insure, so you will pay higher rates. But tickets and accidents don't stay on your driving record forever. After a certain amount of time those violations will expire and be removed from your record. If you have had accidents or tickets fall off your record since you purchased your auto policy, contact your insurance company and ask if they can run your driving record again and offer you lower insurance rates.
You Didn't Ask for Discounts
Insurance companies offer a number of discounts, but they are not always given out automatically. When you buy an auto insurance policy, don't be afraid to ask about every discount available to see if you qualify for it. Insurance companies typically offer discounts for completing a defensive driving course, being a customer for a certain amount of years, having an alarm on your car, achieving good grades (if you are a student or have a student driver on your policy), just to name a few.Share