Posted August 28, 2012
Carly Tracey, Account Manager
Maintaining Cheap Auto Insurance
No one wants to shell out tons of money for something they think they’ll never use, so finding cheap auto insurance is a common undertaking for most drivers. Unfortunately, most people wait until an outrageous insurance bill arrives before beginning their search for cheap auto insurance. While a detailed comparison will temporarily halt the search for cheap auto insurance, several steps throughout the year can nearly eliminate the need for cheap auto insurance shopping.
Steps To Keep Your Cheap Auto Insurance Cheap:
Watch your mileage.
Cheap auto insurance rates often include rate reductions for low annual mileage. Take steps to control your vehicle’s mileage whenever possible and update your vehicle’s mileage details with your cheap auto insurance carrier each policy term. This will ensure your cheap auto insurance rates include any available reductions for low mileage.
File claims only when necessary.
It’s easy to expect your cheap auto insurance policy to cover every dent, scratch and incident. However, if you use your policy for every incident, your cheap auto insurance will quickly turn to expensive auto insurance. With multiple claims in your history, it’s unlikely that you’ll find a cheap auto insurance policy replacement, even after comparing the rates of multiple cheap auto insurance carriers. Reserve your cheap auto insurance claims for serious accidents, personal injury claims and physical damage claims that are at least twice your deductible.
Announce your affiliations.
Life’s changes can impact your cheap auto insurance rates. This includes new memberships and affiliations. Be sure to inform your cheap auto insurance carrier of any new memberships or affiliations you enter into during your policy term, as these affiliations may provide additional discounts for your cheap auto insurance policy.
Update your occupation.
Your occupation may also impact your cheap auto insurance rates. Some occupations often more highly rated than other positions. If you change occupations during your policy term, be sure to update the details with your cheap auto insurance carrier. The new position may result in a reduction to your cheap auto insurance policy rate.
Increase your deductibles.
It’s no mystery that higher physical damage deductibles result in lower insurance premiums. If your situation allows, increase your deductibles to reduce your cheap auto insurance rates.
Raise your cheap auto insurance policy liability limits.
Drivers often select state minimum liability limits in efforts to maintain cheap auto insurance rates. Minimum liability limits often expose drivers, and their cheap auto insurance companies, to higher risks. Raise your liability limits to keep your cheap auto insurance rates low.
Add more products.
Discounts are the key to maintaining cheap auto insurance rates. Not only will you find savings with discounts, you may find saving by insuring multiple products under your cheap auto insurance carrier, such as homeowner’s and life insurance policies.
Stick around and renew your cheap auto insurance policy. It’s easy to give up on your cheap auto insurance policy once you find a rate that is even cheaper. However, carriers show customer