Is my auto insurance coverage suitable for my needs?
Consider the type of vehicle you drive and ask yourself if you need additional features such as collision coverage and comprehensive insurance. If you own an inexpensive vehicle, these add-ons could be dropped from your current auto insurance policy as a means of saving money. If you’re completing less mileage in a year than your policy allows, you could also renegotiate the current terms of your agreement to secure preferential auto insurance rates.
Do my personal circumstances affect my auto insurance rates?
If you have moved home, changed your marital status or purchased a different vehicle, it could be worthwhile talking to your auto insurance provider to see if any discounts can be applied to your policy. Moving to a more rural area will definitely lower your auto insurance rates and if you have recently been married, you should also qualify for further discounts. If you’ve recently downgraded to an older vehicle, your auto insurance quotes should also drop considerably.
Should I increase my deductible?
As long as it is affordable to do so, try to increase your deductible figure to the highest possible level. This reduces the amount of risk that your auto insurance company has to absorb and a higher deductible has been proven to save up to 30% on collision coverage and comprehensive insurance costs. Remember that you will be responsible for any shortfalls in coverage should you ever be involved in a road traffic accident.