The Ultimate Guide to Lowering Your Car Insurance Premiums
Let’s be honest: paying for car insurance isn’t the most exciting thing on your to-do list. But it’s a necessity for every driver in Ohio, and finding ways to save a few bucks can make a real difference in your budget.
Here at Glick Insurance Agency in Beachwood, we help our neighbors every day find the perfect balance between great coverage and affordable rates. That’s why we’ve put together this simple guide to help you understand what you can do to lower your premiums.
Ready to save? Let’s dive in!
1. Be a Good Driver (It Really Pays Off)
Your driving record is the biggest factor in your insurance rate. A clean record with no accidents or moving violations tells insurance companies you’re a lower risk. Be extra cautious on busy roads and avoid speeding—even one ticket can increase your rates for years.
2. Get Smart with Your Deductible
Your deductible is the amount you pay out-of-pocket before insurance kicks in. By choosing a higher deductible (for example, raising it from $500 to $1,000), your premium will go down. Just make sure you can comfortably afford to pay that amount if you ever need to file a claim.
3. Know Your Discounts (You’ve Earned Them!)
You could be missing out on easy savings. Ask about these common discounts:
- Bundle and Save: Combine your home and auto policies with the same company.
- Good Student: Have a young driver on your policy with good grades? That can save you money.
- Vehicle Safety: Features like anti-lock brakes or anti-theft systems can lower your rate.
- Pay-in-Full: Many companies offer a discount if you pay your entire premium up front.
4. Re-evaluate Coverage for Older Cars
If your car is older and paid off, consider if you still need full collision and comprehensive coverage. If your car’s value is less than the cost of your annual premiums plus your deductible, it may be time to drop it.
5. Shop Around (This Is Where We Come In)
This is the single most effective way to save. The problem is, who has time to call a dozen different companies?
As an independent agency right here in Beachwood, we work with a wide range of insurance companies. We’ll compare rates and find the best policy for you, so you don’t have to.
We’re your local insurance experts, and we’re ready to help. Give us a call or stop by our office to start saving on your auto insurance today!
