How to Increase Savings in Your Next Policy

By | December 29, 2013

Insuring your vehicle can be expensive. Depending on the type of coverage you need or want and your driving record, the price of quality insurance can vary widely. Here, we will examine a few tips to help you save money on your car insurance.

#1 Get Multiple Quotes
This is one of the top ways to save money on your automobile insurance. Virginia insurers all have different prices for similar types of coverage, and getting multiple quotes is always a good idea. Using online comparison tools can help you compare the big guys, but it doesn’t hurt to contact local companies for quotes as well before making a decision. See great quotes for your location Below:

#2 Eliminate Unnecessary Coverage
Another way to save on insurance is to eliminate unnecessary coverage. For some people, getting all of the bells and whistles is important, but for some people, especially those driving older cars, minimum insurance can be all that is needed. Take a look at the itemized quote from each insurance company and eliminate any services you do not want that are not required by law.

#3 Maintain a Good Driving Record
While this is more of a long term strategy, it is an important one. Remember that every time you receive a citation or get into an accident, your insurance rates can skyrocket. By paying attention to the way you drive and maintaining a good driving record, you can keep your rates low and reduce the impact on your budget.

#4 Combine Insurance Types
If you also own a home, boat, motorcycle, or other insurable item, you may find that you are eligible for multiple policy discounts. Taking advantage of these by insuring all items with the same company can often help you save significantly in the long run.

#5 Take Advantage of Discounts
When shopping for insurance in Virginia, always ask about discounts that are available. Each company will likely have different offerings, and you will find that some companies offer discounts for military members, AAA members, good students, safe drivers, and much more.
With these tips, you should be able to save significant amounts of money on your annual or monthly insurance premiums. Insurance may be costly, but it doesn’t have to break the bank. Try these simple tips on for size the next time you are seeking a new policy and find out how much you can save!