Money Saving Tips
Before shopping for insurance, take a quick lesson in how to save money. Our goal is to arm every client with the knowledge to always get the best rate and coverage for their individual situation.
The Rules Have Changed
In the old days, auto insurance companies set their rates based on your address, your car, and your driving record. While these factors still play a role in your rate, they are now just a portion of a multi-tiered behemoth that includes a variety of new factors, such as your credit, the number of days before your coverage goes in-force, and even your occupation or whether or not you are financing your car. These factors can cause huge price differences from company to company. We want to help you use these factors in your favor.
Tip #1 Driving Record
It goes without saying that insurance companies give their best rates to customers with good driving records, but be aware that some companies go back 3 years while others underwrite for 5 years. Also, most insurance companies look at EVERYTHING, including tickets, at-fault AND not-at-fault accidents, and comprehensive claims. In order to provide you with the most accurate rate possible, we will pull your motor vehicle report and CLUE (claims) report prior to writing your coverage.
Tip #2 Credit/Financial Responsibility
Yes, insurance companies base part of your premium on your credit. Over the past 10 years, companies have found a correlation between financial responsibility and the number of claims submitted. Keep in mind that this score can vary from company to company. My best advice here is to always pay your bills on time.
Tip #3 Deductibles and Liability Limits
A basic rule of insurance is the more you are willing to risk, the lower your rate will be. Take the highest deductible you can reasonably afford. The newer your car, the more you will save by taking a higher deductible. An added benefit of carrying a higher deductible is that it conditions you not to turn in small claims, which will ultimately save you even more money!Don’t skimp on liability limits. Most people think that by purchasing lower liability limits, they will get the best rate. Be aware that many companies actually give discounts if you have been carrying higher liability coverage. They see this as an indicator of responsibility.
Tip #4 Pay Your Premium In Full
Many companies are now giving paid-in-full discounts, and most companies make this option easier by accepting credit card payments.
Tip #5 Maximize Your Discounts
Most people are aware that if you combine your auto and home/renters insurance, you will get a discount. But there are many other discounts available, such as age (55), occupation, degree, good student, advance quote, and prior coverage, just to name a few. Our quote form is designed to uncover as many discounts as possible.Remember, insurance companies are interested in giving their best rates to their MOST RESPONSIBLE CLIENTS. Many times you can save money on your insurance by taking the advice of a professional agent who can maximize every discount available for your individual situation. Whether you go with our agency or not, we want you to understand how to get your best rate possible.