Find the Perfect Auto Insurance Policy for Your Car With These 3 Tips
Perhaps you purchased a new car and are shopping around for auto insurance policies, or you’re simply thinking about switching insurance companies. When shopping around, it is important to pick a policy that meets all of your needs, while at the same time not breaking the bank. Make note of the following tips for finding the perfect auto insurance policy, while also keeping your premium to a minimum.
- The easiest way to lower your premium is by having a high deductible. For instance, if you opt for a $1000 deductible, rather than a $250 deductible, your premium will drop quite a bit. However, if you are an accident and you are found at fault, you will be responsible for coughing up more money.
- Consider your credit score. Some states will take a person’s credit score into account when coming up with an insurance credit score. It is this score that insurance companies use to compile your premium. If you have bad credit, you could potentially end up paying more for your insurance. To keep your credit score high, pay your bills on time, and fix any issue that may cause your credit score to decrease.
- Keep in mind that the type of car that you have also makes a difference on insurance premiums. Your comprehensive and collision coverage depends on the make and model of your car, as well as the year of your car. Generally, the more expensive, and the newer your car is, the higher your insurance premium will be. If you want to save money on insurance, consider purchasing a car that is rather inexpensive.
Please contact us at Schumacher Insurance Agency for information about our auto insurance policies or to learn about the other insurance policies that we offer.