Most car owners want the lowest auto insurance coverage possible. However, many individuals do not understand the factors that can contribute to them having higher premiums. Driving records are important, but there are other factors that can also lead to higher rates. Individuals with a desire to get lower rates can take proactive measures to try to get them. The following points are a few things that could lead to lower premiums.

Review the Existing Policy

Some auto insurance policies might have add-ons that a driver does not need. Perhaps when the policy was purchased they needed services such as a rental car if a collision occurs. However, if the individual has had lifestyle changes such as now owning more than one vehicle, they could remove the add-on and potentially lower their rates. Another potential saving in this scenario would be whether both cars are insured by the same provider. If not, the policyholder could benefit from inquiring about bundling the two vehicles into one insurance policy for savings.

Raise the Deductible

A high deductible usually equates to a lower premium. Although this sounds pleasing because of the lower rates, drivers need to understand the responsibility that comes with it. They need to ensure that if an accident occurs they will be able to pay the deductible. The deductible must be paid before the insurance company will cover their portion. Drivers who have good driving habits and lower risk might be suitable for considering this option. However, drivers who have unsafe driving habits such as speeding should use caution. One way to ensure that funds for the deductible will be available if needed is to put the deductible amount aside in savings.

Ask for a Quote

Drivers should not be afraid to ask their respective agents for auto insurance quotes. This could lead to discovering that they are qualified for a lower rate. Fluctuations can happen for a number of reasons. A driver could have a life event such as a recent birthday that puts them into a lower risk bracket or a negative mark such as a speeding ticket could age off of their driving record.

An auto insurance agent is a good resource to use to learn more about factors that affect premiums. They can offer insight into policies and changes that could lead to lower rates. There are other overlooked factors that drivers might be unaware of such as improving their credit scores to get better rates.  

Contact a local agent to discuss auto insurance options.