How to Lower Your Car Insurance Premium

April 20th, 2019 by

In recent months, we shared a blog post that discussed some things motorists can do to prevent their auto insurance premium from skyrocketing when they add a teen driver to their policy. Now, we want to share some tips that can help you lower the cost of your car insurance in general.

When they’re looking through the Mercedes-Benz cars at our Van Nuys, CA Mercedes-Benz dealership, many drivers comment about their auto insurance being expensive even though they’ve never filed a claim or gotten a ticket. There is no reason to overpay for insurance because there are some basic things you can do to potentially lower your premium.

The first thing you can do is increase your deductible. In general, the higher your deductible is, the less your car insurance will cost.

The next step is to bundle your insurance policies with one carrier. Many insurance providers will provide a discount when you have more than one type of coverage with the same company. If your auto insurance company will reduce your premium as a result, transfer your homeowners or renters insurance policy to the carrier that provides your car insurance.

While you probably know that your credit score influences your ability to borrow money, you might not realize that it has a direct impact on the cost of your car insurance. If your credit score has improved since you initially purchased auto insurance, contact your carrier and see if the company will reduce the amount of your insurance premium.

While you have the carrier on the phone, ask if you qualify for any discount that isn’t widely advertised. Some of the lesser-known discounts include low annual mileage and no accident or violation discounts.

For more tips about lowering your car insurance premium, contact Keyes European now.

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