3 Ways To Lower Your Car Insurance Rates

Transparity Insurance Services

Owning a car comes with several built-in expenses. One of these expenses is car insurance. You want to make sure you have the coverage you need, but you may also be interested in saving some money. Here are three ways to potentially lower your premiums.

  1. Know the Risk Factors
    Based on research listed on the Transparity Insurance Services website, the most reliable way to save on car insurance is by controlling your risk factors. You may not have a lot of flexibility where factors such as your age or location are concerned, but you can make other improvements:
  • Buy a mid-priced car with excellent safety ratings.
  • Limit the number of miles you put on your car each month.
  • Drive safely for a great driving record.
  1. Go for a Higher Deductible
    The deductible is the amount you pay before insurance kicks in. A higher deductible lowers how much the provider will pay in the event of an accident, and most companies pass those savings on to the client as lower premiums.
  2. Skip Comprehensive Coverage
    Unless your car is pretty new, you don’t really need comprehensive coverage. If your personalized auto insurance allows you to limit your coverage, this can also lower your monthly cost.

If you own a car, auto insurance is necessary. You may be able to lower your premium if you follow these tips, though.

Insurance Risk Advisors