If you own a car, some level of auto insurance is required by law. The most basic coverage offers significant financial protection if you get in an accident. However, there's no denying that insurance rates can add up quite a bit, especially if your driving record isn't perfect. Fortunately, there are several ways you can lower your rates, regardless of whether you just carry liability coverage or also have comprehensive and collision protection.

3 Tips to Lower Your Car Insurance Costs

1. Increase the Deductible

Your monthly or annual premium is often tied to the policy’s deductible, which is the amount of money you would have to pay out of pocket before insurance coverage kicks in after an accident. Deductibles commonly range from $250 to $1,000. 

A higher deductible can significantly lower your premium because the insurance provider is taking a smaller risk. Of course, this also means that smaller claims may no longer receive any coverage at all.

2. Bundle Policies

Most insurers offer some type of bundling discount. For example, if you insure multiple vehicles with the same company, you'll typically receive a lower rate for each vehicle—similar to a bulk discount. If you obtain home insurance through the same company you purchased auto insurance from, you may qualify for a discount on both policies, further lowering your household expenses.

3. Ask About Other Discounts

Insurers may offer a wide variety of discounts you could qualify for, so it never hurts to ask your agent what options are available. For example, some companies will offer a discount if you complete an accredited defensive driving course. Others offer discounts when you install anti-theft devices in your vehicle, and some offer pay-as-you-go plans that provide lower rates for low-mileage drivers. When renewing your policy or shopping for a new provider, ask what options are available.

For affordable auto insurance that can be customized to your specific driving needs, contact Stringer Insurance Agency. Serving Gainesville and Dahlonega, GA, since 1931, their long-standing industry experience helps make the process of buying insurance as smooth as possible. To learn more about their coverage options, visit them online. Call (706) 864-3515 to request a free quote.