Easy Tips to Cut Your Auto Insurance Costs

Does your monthly car insurance bill stress you out? Do you often wonder why car insurance is so expensive? The answer is simple: the greater the risk, the higher the insurance payment.

You aren’t alone in thinking this; larger socioeconomic changes have led to insurance prices increasing by 50% from 2006 to 2016. One of the primary reasons for this hike in insurance premiums is the ever-increasing American population. Since 2010, the U.S. population has increased by 6%. This has also led to a rise in crime rates and property damage. 

Similarly, climate change has led to various natural disasters, such as hurricanes and wildfire. These have resulted in thousands of insurance claims in the USA. Frequent usage of cellphones while driving has also been a pivotal factor in insurance hikes. Today, the average American pays an annual premium of $1,470, just for car coverage.

While insurance prices are not likely to go down any time soon, there are some steps you can take to lower these costs. For instance check out the discounts we offer here. 

Apart from that, here are four easy tips that will help you minimize your auto insurance costs.

Avail Bulk Insurance

If you get insurance for a single vehicle, you’ll likely get a high quote per car. However, an innovative way to avoid this is to negotiate the costs by getting a bulk rate. Insurance companies are always looking for business. That’s why you should inquire about getting multiple vehicles on your insurance plan. Group insurance can significantly reduce your insurance cost per vehicle.

Another way to avail this offer is by joint-owning the vehicle with another driver. Both drivers must be related by blood or marriage.

If you are a student with grades that rank you among the top 20 in your class, you are eligible to apply for a student discount. A student insurance discount can range from 1% to 39%.  

Shop For Discounts

Insurance protects you, your family, and your property. So you need to do extensive research on financially stable insurance companies before deciding to pick one.

You can either reach out to reliable insurance companies yourself or get quotes in writing. Connect with a reliable local auto insurance agency to find cheap car insurance quotes with multiple discounts. 

We try our best to get you multi-car discounts, good student discounts, mileage discounts, and good driver credits.

Decrease Your Vehicle’s Mileage

If you don’t drive your vehicle frequently or prefer mass transit, opt for a usage-based insurance discount. The OBD II device in your car monitors your annual mileage. If you drive fewer miles than your insurer’s given threshold, you can apply for a usage-based discount.

With this discount, insurance companies can provide you with additional rate reductions in your insurance plan. 

Increase Your Deductibles

Deductibles are similar to down payments. This is the amount you pay before your insurance plan is finally active. By increasing your deductibles, you can decrease your annual insurance premium. 

If you increase your deductibles from $200 to $500, your annual comprehensive coverage price can go down by 30%. Similarly, a 1000% increase can save you up to 40 to 50%. 

With an increase in potential risks for you and your property, insurance prices will continue to become less affordable every year. However, with research and by following these tips, you can minimize your annual auto insurance costs.

At Western Mass Insurance, we ensure the more affordable auto insurance quotes for our customers in Indian Orchard, Massachusetts. Reach out to our local insurance agents today for a smooth and convenient insurance process.