Very few of us enjoy paying for insurance. In some cases, it can feel like we’re paying for something that we’ll never have to use! While it’s hard to put a price on the peace of mind that insurance can give us, it is good to remember that there are ways to lower your insurance rates. There are a few different approaches you can take if it’s important that you have the lowest possible rates or the “best deal” out there!
Safe Driving Records – This one is pretty self-explanatory. The cleaner your driving record is, the less expensive it is to provide you with coverage. Adopting good driving habits early on will save you money!
Bundling Policies – If you’re a homeowner, you can often combine coverage into bundles, which typically reduces your monthly payments on each specific policy you maintain.
Shopping Around – Having a broker who can explore options with the providers they work with can make a huge difference. It’s important to know the landscape and who is keeping their rates competitive.
Increasing Deductibles – The more you’re willing to pay out of pocket in the event of a claim, the less you’ll be paying on a monthly basis for your insurance policy!
You may have also seen some insurance companies offering discounts based on your driving habits. By using an app or a tracker, your insurance company is sent stats on how you drive, which may result in lower rates! While this is a newer trend, it is seeing an increase, and if it’s something that appeals to you, please let us know!
While price shouldn’t be your first concern when it comes to your insurance coverage, it is always something to consider. Do you have questions about how you can save money on your auto insurance rates? Reach out to Coast Insurance! We’d love to help you!