Wondering how you can save on your car insurance? Here are 4 basic tips from Oyer, Macoviak and Associates to save money on your car insurance coverage.
1. Take a defensive driving class
Many insurers offer a discount to people who take a defensive driving class. Why? Because people who take them get into fewer accidents, which lower insurance rates overall. As a result, insurance companies like defensive drivers!
Many organizations offer defensive driving classes. Some or all work can be done online, which is convenient for most working adults.
2. Bundle your insurance needs
Many insurance companies will also offer a discount to people who get all their insurance through them. So if you have a need for homeowner’s insurance, small business insurance, or both, see if car insurance is available through the same carrier. It could save you a nice percentage on all your insurance needs.
3. Raise your deductible
The deductible is the amount you would have to pay out of pocket in case of a claim. If you are in an accident that damages your car and it costs you $1,000 to repair it, for example, and your deductible is $500, you would pay the $500. The insurance company pays the other $500.
Insurance companies price their premiums on many factors, but the amount of the deductible you choose is one of the ones that affect the premium pricing. If you raise the deductible to $1,000 or $1,500, your car insurance may cost less per month. Be aware, of course, that if you have an accident that costs $1,000 with a $1,000 deductible, you will pay all the cost, because your deductible has not been exceeded.
4. Cut down on your driving
The number of miles you drive per year also affects how much you pay for car insurance. In general, the fewer miles, the lower the payment. So cutting down on your driving may lessen your insurance payment.
If you would to like to discuss your options for car insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.