Lowering Your Auto Insurance in Strapped Times

It’s no secret that we’re in financially tight times. Between the economic crush, sky-high gas prices, and rising food costs, everyone is watching what they spend. It seems like some people can’t even spare a dollar here and there – so naturally, most people aren’t thinking too much about their car insurance. In fact, a lot of people may even be thinking of cancelling their car insurance, or not buying it at all.

But besides saving you loads of money if you’re in an accident, auto insurance is mandatory by law if you have a car, and getting caught without it just is not worth it – it will cost you much more in the long run. A better idea is to keep your auto insurance, but take our tips on how you could lower your premium:

If you haven’t updated your policy lately, ask us to check it out for you. Maybe your lifestyle has changed in ways that can result in a lower premium. Or maybe we can look into a different carrier for you.

Ask us if you’re available for any discounts. Certain factors can sometimes lower your premium, like having multiple policies with us, good student discounts, if you’ve attended defensive driving classes, retirement discounts, safety discounts, and loyalty discounts.

You may also be able to increase your deductible. This applies to your collision and comprehensive coverage (not your liability) and is the insurance that specifically covers your car. Increasing your deductible can cut your premium dramatically.

You may also want to think about cleaning up your credit report, which affects whether a company is willing to insure you, and at what rate.

And lastly, if you’re getting auto insurance to cover a new car, think about what kind of car willl be kindest to your budget: keep in mind the cars with the highest theft rates, repair costs, and what types of cars have a reputation for living a good “life.” If you’re having trouble deciding between two models, give us a call to see if there is a notable difference in the insurance costs.

There are always ways to lower your auto insurance costs. Give us a call today to find out the best way to lower yours.

Altman Insurance is an independent insurance agency in the Olympia, Washington area. To learn more about Olympia, Tacoma, Lacey, and Seattle auto insurance, contact them today.