5 Ways to Save Money on Auto Insurance

March 20, 2023

Saving money on auto insurance in Connecticut could put some breathing room into your monthly budget. Rather than creating lower limits to make auto insurance more affordable, consider less risky strategies to generate savings. Here are five tactics that could help you lower your premiums.

Increase Your Auto Insurance Deductible

Raising your insurance policy’s deductible might yield substantial savings on your monthly, quarterly, or biannual premium payments. Of course, you’ll have to pay higher out-of-pocket costs if you need to initiate a claim against your policy. However, the ongoing savings a lower premium gives you over time can offset some of this additional expense. Moreover, if you’re a safe driver and you’re lucky enough to steer clear of drivers who aren’t as careful as you are, you won’t have to make any claims against your policy.

Drive Safely

When drivers have an accident or get tickets for violating traffic laws, they may have to pay more to insure their vehicles. Follow traffic laws consistently. Be conscientious about heeding stop signals and moderate your speed.

Some insurance carriers may lower your premiums if you get through an extended period without any claims against your policy, moving violations, or points against your driving record. Ask about available discounts, and consider using a monitoring device to record information about your safe driving habits. Some providers incentivize drivers to use these devices with savings on premiums. Furthermore, doing a self-audit of how safely you’re driving can make you more mindful about driving cautiously.

Keep Your Credit Score in Good Shape

When exploring how to cut costs on car insurance, building up your credit score might be a big help. Your creditworthiness is an essential factor that insurance carriers consider in determining policies’ premiums. Check your score to find out where you stand, and take a few well-targeted steps to raise it. Paying bills on time and keeping your credit utilization under thirty percent will help you build positive credit and get favorable quotes on the best car insurance in Connecticut.

Utilize Low Mileage Discounts

If you typically don’t spend much time behind the wheel, you are less likely to get into a car accident than drivers who spend hours on the road daily. Contact your insurance agent to inquire about low mileage discounts or policies geared towards individuals who don’t drive frequently. The premium on a low mileage auto insurance policy will be less than that on a standard auto insurance policy in Connecticut.

Bundle Your Auto Insurance With Other Coverages

Getting multiple coverages from an insurance carrier could facilitate access to savings on multiple policy protections. Ultimately, you could bundle your auto insurance with other indorsements, such as homeowners’ insurance or a recreational vehicle policy, to get competitive quotes for coverage.

Working with a knowledgeable insurance agent will help you maximize savings opportunities. Ultimately, a few simple but practical measures could put a sizable dent in your premiums.

About Brooks, Todd & McNeil

Since 1839, the independent agents at Brooks, Todd & McNeil have been pleased to offer our community the best and most affordable policies from a variety of providers. Our dedicated facilitators are ready to put their 75 years of combined experience to work on your claims. To learn more about our products and services, contact us today at (800) 448-4567.