Each factor below can either raise or lower you premiums.
Review these with your agent and ask if you qualify for additional discounts.
Things that can raise auto insurance rates:
- Overall loss experience (more claims than expected) - it may be time to switch companies.
- Newer cars and SUVs are more expensive to insure - ask your agent what the premium will be BEFORE you buy.
- Increasingly higher lawsuits awards - The lawyer that got 35 times more for his client increased your premiums too.
- Longer auto loans mean more autos repairs to satisfy lenders.
How can you lower your rates? Call an independent agent, (like Eve Insurance - 810-733-0666) Why an independent agent? We represent many companies so you get the right coverage at the right price. Plus you'll be able to take advantage of discounts for:
- Group memberships such as credit unions and professional associations
- Having your home and auto insurance with the same company
- Having more than one car insured with the same company
- A broad range of deductibles
- Removing physical damage coverage or limiting coverage on stored vehicles
- A clean driving record
- Special security features on your vehicles
- Students with superior grades (B average or better)
- Short commutes or car pooling
- A loss-free history or policy longevity
- An above average credit history
Insurance companies adjust their policies and rates at least once per year. You should be reviewing your coverage and rates at every renewal to make sure you don't have gaps in your protection and your premiums are as low as possible.