Carrying auto insurance is an essential part of both smart driving and responsible car ownership. If you’re part of an accident, it will protect you and other drivers from financial hardship. There's no one-size-fits-all approach to pricing, and you can often find ways to lower premium costs without sacrificing coverage. Below are a few tips to help you reduce your monthly auto insurance rate.

How to Lower Auto Insurance Premiums

1. Bundle Your Insurance

When you purchase multiple types of insurance from one provider, you will typically receive a discount on premium costs. Most agents offer a variety of coverage options, including boat, RV, renters, homeowners, and liability insurance. This will save you on total costs while protecting all of your belongings.

2. Drive Safely

A car accident or speeding ticket will guarantee spikes in premium costs. To avoid this, always exercise caution when behind the wheel and don't speed or take unnecessary risks like crossing red lights. If you do have violations on your record, don't worry—they aren't permanent. In Wisconsin, traffic convictions stay on your record for five years.

3. Choose a Higher Deductible

Calculate how much you can comfortably spend out-of-pocket in the event of an accident. If you can afford a higher deductible, premium rates will be substantially lower. One good budgeting rule is to reserve your deductible amount and keep it untouched in your savings account. This way, you’ll have the money in the event of an accident, but you can still enjoy the benefits of lower premiums.

Edwards Insurance Agency provides auto insurance to drivers throughout the Monroe County, WI, region. For nearly a century, they have been a trusted source of comprehensive insurance coverage. Whether you need a home, car, boat, or liability policy, they’ll be happy to connect you with an option that fits your budget. Learn more about their car insurance online or call (608) 269-4512 to schedule an appointment today.