Sourcing lower California auto insurance premiums doesn’t mean you have to cut your coverage. Insurance companies consider many factors when they calculate your premiums and you can use this to your advantage. Consider the following when shopping for insurance:
Check Before You Buy
Looking to buy a vehicle? Check the crash ratings, repair costs, and theft statistics before you sign the purchase agreement. Insurance rates vary greatly between make, model, and year and your vehicle choice can make a significant difference in your auto insurance premium.
Some makes and models cost more to repair, such as imports. Others attract thieves more often, so insurance companies charge higher premiums to compensate for the additional risk.
Try to buy a vehicle with many standard safety features, too. Insurers favor models with anti-lock brakes, automatic seat belts, driver-side and passenger-side airbags, daytime running lights, rearview cameras, and blind spot detection devices. Many offer discounts for some or all of these features.
Install Anti-Theft Devices
Many new vehicles offer GPS anti-theft tracking systems such as OnStar, Teletrac, or Lojack. You will probably qualify for an insurance discount if you opt into one of these services.
Insurers also offer discounts for vehicles with an alarm system, disabling device, or VIN etching.
Maintain Clean Driving Record
It seems obvious, but safe drivers get the best insurance rates – hands down. When an insurance company sees you pose less of a risk, they’re more likely to offer you a lower premium. Drivers free of accident claims, moving violations, and tickets often qualify for safe driver discounts that can considerably lower their premiums.
If you do not have a perfect record, defensive driving classes may reduce your premiums. Insurance companies value defensive driving training – it reduces accident incident rates and insurance claims. Courses usually include 6 hours of classroom training at a very low cost.
Maintain Good Credit
Some states allow insurance companies to access your credit score as a tool to determine your rates. A high credit score indicates responsibility and the ability to consistently pay your debts.
A good credit score often means a good insurance score and lower premiums.
Have Savings? Increase Your Deductible
If you financially comfortable and a safe driver, you may want to consider a higher deductible. The increase in deductible decreases your premiums, and it can make a huge difference over time. However, you must have money set aside to pay out-of-pocket expenses if you ever need to submit a claim. Otherwise, stick with the lower deductible.
Use An Independent Agent
An independent agent works for you and has access to many insurers. They can often meet or beat prices being touted by some of the national carriers.
Besides the price aspect, an independent insurance agent tailors your policy, explores coverage options for added protection, and looks at ways to bundle policies for additional discounts. They also get to know you and actively seek discounts you may qualify for when something changes in your life.
An independent agent also reviews your policy and makes recommendations when they find a better deal.
Remember, the lowest price doesn’t always guarantee the coverage you need. When you work with an independent agent, they find the ideal balance for optimum coverage and budget-friendly premiums, and they do the legwork for you. Let them help you reduce your insurance rates, without sacrificing coverage.