Calling all commuters! With the rise of inflation, prices are trickling down to consumers in every way possible. With these costs adding up quickly, there are a few ways to mitigate this increase in premiums.
Below are our top three tips to keep in mind when shopping for auto insurance:
- Keep tabs on the number of miles you drive. This is one of the easiest ways to lower your premium. Keep tabs on the number of miles you drive each year and if your mileage decreases significantly compared to the previous year, you will get a lower premium quote.
- Bundle your vehicles. If you insure all your vehicles as well as your home with one insurer then you can get a discount.
- Decide what coverage is necessary for your car. You may also be able to forgo the optional insurance coverage based on some circumstances. Comprehensive and collision coverage may no longer be practical for very old car models.
Each year, it’s important that you evaluate the auto policy you have, the premium you are paying and the coverage you are getting in return.
Premiums can vary according to an insurer’s overhead costs, the commissions paid to agents, and the levels of risk of its insured drivers. You can log on to insurance aggregator sites online where you can key in your information to get a number of insurance quotes from different insurers. There are online insurers who sell directly to drivers doing away with the cost of commission thereby lowering the premium.