7 Ways to Save Money on your Automobile Insurance in Miami, Orlando, Tampa, Hialeah, Florida
7 simple tips to save money on your auto, car, automobile insurance premiums
What happens to drivers who are classified as “high risk”?
How can I save on auto insurance premium rates and fees?
There are ways to save you money on your car insurance. Being a cautious drivers is one important factor that may open the door to low cost quotes for your automobile in Florida. When an insurance company views your driver’s history, they want a safe driver. If they feel you are a high risk driver, there will be a significant increase on your car insurance premium or high priced quotes from auto insurance companies.
1. What you should do is drive with caution and try to…
Not to have tickets or accidents that may reflect your driving record.
It would be wonderful to live in a world where all drivers are cautious when conducting their vehicles. In reality, the world is surrounded by drivers who are involved in traffic accidents and receive fines on a regular basis due to excess speed or driving aggressively.
Unfortunately, if you have accidents and traffic tickets, you are considered a high risk driver and your auto insurance premiums can be affected. High risk drivers have a higher price for their car insurance premium without a doubt. Rule of thumb is to avoid accidents and fines to the best of your ability in order to not face an increase in your automobile insurance premium.
2. Combine Different Insurance Policies
This can save you money on your auto insurance coverage rate. Many insurance companies give discounts if you combine your policies. For example, it is likely that if you get home insurance and bundle it by getting car insurance as well, the rates will be lower.
3. Increase Deductibles and/or Lower Coverage
In this way, you can also save money, but keep in mind that a higher deductible means that more money will come out of your pocket in case of an event while less coverage in case of an accident means more money will be taken out from your savings.
By increasing the deductible, you lower the total cost of your monthly payment. This may be an option for people who can only afford lower car insurance premiums. The deductible is the amount of money that you must pull out of your pocket before the insurance company begins to pay out for an accident.
4. Contact an Insurance Agency instead of an insurer.
It is likely that you can save a lot of money when you decide to contact an insurance agency vs. an insurer. Usually insurance companies can offer a single price for your car insurance. The advantage for obtaining insurance through an agency is perhaps they work with 8 or 10 different insurance companies and therefore can compare and give you all the different available options from each insurance company.
5. Contracting Auto Insurance Policies for a longer period of time
It is not the same to have an insurance policy for 6months compared to an annual one. Additional discounts are available for extending your policy for a longer period of time.
6. Give more money down (larger down payment when entering policy)
While putting down more money, one must assume this means there will be less to pay monthly. You must sacrifice a little and spend more at first so you may have a cheaper policy for your coverage term.
7. Contract Auto Commercial Insurance instead of an Individual one.
If you are a professional and owner of a corporation, you could save money on your auto insurance rates. Even if you are a single worker, you save more money by getting a commercial auto insurance versus buying an individual policy.
There are other factors that inhibit drivers from saving money on their automobile insurance policies. One important factor is the area of residence. Insurance companies do not offer the same pricing for car insurance. It is based on the area you live. Your zip code is evaluated. There are areas where the price is extremely high based on their zip code.
If you plan to move, find out if your zoning area offers a lower cost for automobile insurance or higher if you wish to renew it.
Another element that people do not take into account is what type of vehicle, year, and milage it has. Premium pricing depends whether a vehicle is newer or older. Not all vehicles based on their year are equally priced. Also, usually cars that are funded or leased by the bank require full coverage. Being the owner of your vehicle is important, and in this case the bank is the owner.
If you take into consideration all these Money Saving Tips for choosing an adequate car insurance coverage, you will not only save money but will have less headaches when dealing with this matter. Most importantly, you need to maintain a good driving record when handling your vehicle in order to avoid unnecessary accidents with future fines and damages. Be careful for your own safety, the safety of others, and your personal expenses by driving accordingly. Less accidents and tickets on your record means you will save money on your premium rates. Everyone wants to save money. This is a great way to do so. Seek important information regarding your automobile insurance coverage.
Now that you have these 7 tips as a guidance reference, you may feel confident enough to make the leap and contact us today to help you get a suitable and reliable automobile insurance from a well accredited insurance agency in Florida.