To cover the costs of bodily injuries to others and property damage in the event of a car crash, it’s a federal law that all drivers must carry auto insurance. With mortgages, rent, and other expenses, some people struggle to make monthly premium payments. To start spending less for coverage, try the below strategies.   

How Can You Get Auto Insurance for Less? 

1. Increase the Deductible

When filing an auto insurance claim, the payment will cover a portion of losses. How much money you have to put towards the insured loss is called the deductible. If you have savings to cover the cost, you should raise the policy deductible. By increasing deductible costs, you’ll pay less in monthly premium payments. Depending on your plan, the deducted cost is either a percentage of the policy’s insurance amount or a specific dollar amount.

2. Look for Promotions

When researching auto insurance, many lenders offer life and homeowners insurance, too. As an incentive for customers to get comprehensive coverage, people who purchase multiple policies are often eligible for discounts. Look for lenders who provide this type of special offer or see whether your current insurer will reduce coverage costs for loyal, long-time customers. If you don’t drive too frequently, you could get discounted insurance rates for keeping mileage low.  

3. Improve Your Credit Score

To determine a policyholder’s insurance rate, the lender uses the individual’s credit score as one factor to gauge the likelihood of losses. According to research, there’s a higher expected loss on policies held by people with low credit scores. This means the lower the score, the more you can expect to pay in premium costs. Continue to maintain your good credit standing or take steps to fix your debt issues and then have your policy reevaluated for lower costs.

Are you looking for auto insurance? Contact the professionals at Schaller & Thomas Family Insurance in Peoria, AZ. Serving residents in the West Valley area since 2001, the insurance agents are committed to making sure the important facets of their clients’ lives are protected. Learn more about auto coverage online and call (623) 580-8688 for an insurance quote. Let others know what it was like working with the team on Facebook.