Did you know that every 6 months, you are able to obtain a new quote for your auto insurance premium, which can be adjusted based on the going trends and rate, your own driving history, and such. Premiums change, and if you don’t attempt to get a new quote every 6 months, then you miss out on the opportunity to save a few extra bucks on your auto insurance premium.
So, if you’re interested in saving money, while, still getting the same coverage you need for your insurance, you can shop around and get a new quote, because if you don’t, then the Insurance Companies will continue to enjoy the benefits of the extra money you are paying them for auto insurance.
You might also want to be aware that in most cases, if you aren’t sure of the type of coverage that falls under your policy, then you might be in for a surprise. There may in fact be coverage you are paying your hard earned money towards, that you will NEVER USE and therefore, the Insurance Companies know what services are rarely used, and know that some of the items that are covered are just unnecessary payments for those items you will never need or use. One for example is rental car. If you have more than 1 vehicle, then what are the chances you will need a rental car, especially when you already have a car to use for backup? By having rental car option covered, you end up paying additional premium. Also, is your car garaged? This will lower your premium as well.
Other items to look for is your deductible amounts. Either $500, $1000, or $2000, or $10,000 in some cases. You can see what the deductible will cost you based on the amount you’ll have to come up out of your pocket before the insurance provider will have to cover any expenses, in the event of a claim.
The more responsibility you take on your part, the lesser your premium, but you may want to keep your deductibles at around $1000-$2000, depending on the type of vehicle you have and how you feel in the event you had a claim, you would have to come up with that deductible amount before the insurance company covers the remainder.