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Auto insurance is a crucial safeguard for any driver, helping to protect against financial loss due to accidents, theft, and other covered events. Almost every state, including Ohio, requires motorists to carry some type of policy. Fortunately, you don't have to let financial concerns prevent you from getting the necessary coverage. Use the following guide to discover a few popular ways to enjoy lower premiums.

How to Lower Car Insurance Premiums

1. Perform Price Comparisons

You don't have to take the first auto insurance policy you find. Work with an independent insurance agency to explore the variety of plans available. These agents work with multiple carriers, allowing them to offer a number of different insurance solutions at varying price points. Compare what each coverage option offers and identify the one that gives you the most comprehensive protection for the most manageable cost.

2. Raise Your Deductibles

auto insurance

The deductible is the out-of-pocket cost you will be responsible for before your policy's coverage kicks in. In general, the lower the deductible is, the higher the premium is. When you raise this amount, the monthly rate is typically lowered. 

However, before making any adjustments, make sure you have some money in savings. If you are in an accident, you will be responsible for a larger portion of the repair or replacement costs.

3. Seek Discounts

When shopping around for coverage, contact an agent or insurance company directly to see what discount programs they extend to policyholders. Young drivers may qualify for a good student discount, while military personnel and veterans might be eligible for an armed services discount. 

Some insurers offer tracking devices that you temporarily install in your vehicle; the data received is sent to the carrier, and safe drivers may get lower rates. Consider getting an auto policy from the same carrier with whom you have other types of coverage, like renters or homeowners insurance. Many providers discount your rates when you bundle more than one plan together.

 

The team at Somers Agency will help you find the best policy for your needs and budget. They have been serving the Lorain County, OH, area since 1898, offering affordable auto, home, and business insurance policies. Call (440) 324-3447 to discuss your needs with a trustworthy agent and receive a quote, or visit them online to learn more.

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