Stop Paying Too Much for Your Auto Insurance

Stop Paying Too Much for Car Insurance: 5 Common Mistakes You Can Easily Avoid

Reviewing your car insurance policy probably isn't at the top of your to-do list. But how about saving money? Take a look at these 5 common mistakes most drivers make when insuring their vehicles—you might be surprised at how easy they are to avoid and how much money you could save every month.

Mistake #1: Keeping Your Car Insurance Deductible Too Low

Simply put, the lower your deductible, the higher your auto insurance rates. Consider raising your deductible from $250 to $500 or even $1,000. The cost of an accident will be that much more expensive, but you could save up to 40% on the comprehensive and collision portion of your policy.

Mistake #2: Not Combining Your Car and Home or Renters Policy with the Same Insurer

With a multi-line insurance policy, you purchase both your auto and homeowners or renters insurance from the same carrier. According to the Insurance Information Institute, a multi-line policy can save you up to 15% on both premiums.

Mistake #3: Not Taking Advantage of Discounts

Most insurance companies provide discounts for a variety of things, including:

•Having a good driving record
•Being a long-time customer (loyalty discount)
•Driving a vehicle with specific safety features (e.g. Vehicle Stability Control (VSC))

•Driving a vehicle with specific security features (e.g. audible alarm, Lojack)

•Driving a low number of miles per year

It's up to you to make sure you're getting all the discounts you're eligible for, so make sure you ask your company or agent.

Mistake #4: Paying Your Car Insurance Premium in Installments

Extra "convenience" fees are often applied to payments when you split your premium into installments (e.g. monthly, quarterly, etc.). A monthly fee of even $7 can add up to almost $100 a year! So if you can afford it, pay your premium in one lump sum.

Mistake #5: Not Shopping Around for Car Insurance Once a Year

If you don't shop around for coverage at least once a year, you simply won't know if you're getting a good deal.  According to an independent study, drivers who compare rates and switch carriers at Diversified Insurance Services save an average of $301* on a six-month policy.


Compare Your Personal / Commerical Auto Insurance For Free & Find Out How Much You Can $ave With Jason Shroot By Calling Today At 714-988-3325.