How to Lower Your Car Insurance Rate

The amount you pay for auto insurance can vary significantly between different insurance companies. That's because auto insurance companies rely on different formulas and algorithms to set your insurance premium. Some companies weigh other factors more than others, making it possible to receive two varying quotes from separate providers. If you're looking to save on auto insurance, it's recommended that you routinely shop around for auto insurance quotes to ensure you're rate is fair. 

At AIS, we make comparing quotes from our insurance provider network easy. Click here to get started.

One of the easiest ways to save on auto insurance is to take advantage of insurance discounts. Most insurance companies typically offer a wide range of discounts that can help you reduce your premium. Do you have multiple insurance policies with the same insurer? Are you a good driver? Have a college student away at school? If you answered yes to any of those questions, you likely are eligible to receive some form of discount from an insurer. 

Visit our blog on auto insurance discounts to learn more.

If you have comprehensive or collision coverage, chances are you have a deductible. A car insurance deductible represents the amount you must pay out of pocket towards a claim before your insurer covers the rest, up to your policy's limits. Increasing your deductible could lower your premium if you have the financial means to do so. However, this is only recommended if you have the funds to cover a larger deductible in the event of a car accident. 

Visit our blog on car insurance deductibles to learn more.

Chances are that if you have a brand-new car, you will want to carry considerable coverage to protect yourself financially in the event of an accident, vandalism, or theft. However, most drivers forget to adjust their initial policy to reflect their car's worth. Although comprehensive coverage is worth it for a new vehicle, it may not make sense for a car with a lower value, especially if you're paying more for coverage than what your car is worth. Also, if you've paid off or are close to paying off your car loan, carrying gap insurance may no longer be neccessary.

Some auto insurance companies may offer a reduced premium if you can pay for coverage in full at renewal or sign up. Doing so could help you save compared to a monthly payment schedule.