Every year when it comes time to renew your auto insurance premium doesnt it disturb you how much actually goes into that year after year? Has it ever occurred to you if your auto insurance premium will ever start to decrease instead of increase? Well actually there are a few things you can do that can help curb the cost a bit for you.
First and this is a very important tip. We have to take the initiative and start the process of reducing premiums ourselves. Yes, youre a good driver. Your insurance company probably knows that and yet, your coverage is still the same. But that is something we cant take for granted. Just because you are a good driver you think that your rates will automatically decrease because of this or that it will happen automatically. You have to be your own advocate with insurance companies.
Secondly, most people are under the impression that when that yearly renewal policy rolls around thats when its going to happen for them. Dont be so sure. The renewal discount is probably the most common of the rate reduction that people wait for with auto insurance premiums. Each state has their own set of rules and regulations so you have to check with each individual state law for accuracy. You dont ever have to wait for the New Year to look into a new carrier to compare rates. Thats the best time to do that is before your next premium is due.
Thirdly, keep to a good driving record. This is the best defense you have to reducing your premiums year after year. Keep to the speed limit. It is common for insurance companies to offer a discount for renewing your policy after 12 months. Again, this depends on your driving history within that time frame and the amount of moving violations or citations that were issued to you. If you do keep a good driving record within that time frame this kind of discount is given automatically to the insured and requires no action on their behalf.
All types of companies offer different rates for insurance. NYC is different from Cleveland as well as Philadelphia. The renewal price reduction does vary from city to city. You can also look into lowering your deductible to save you money. If youre a good driver then this shouldnt be such a concern. You can always put the difference aside just incase some misfortune does occur.
That is why it as important to you as a consumer to always shops and compare. I always say that this is your only defense to getting that great rate you deserve. Always take the liberty of shopping around to compare rates and services to get you a cheaper rate. It is possible you just have to take the initiative and start the process yourself. It is said that most insurance companies base their rates on your driving record not your age as much.
If this is true then work hard at making sure your squeaky clean driving record stays that way to keep your rates low. Always shop around and compare rates no mater where you live and start saving yourself money.