Auto insurance is just part of the deal for drivers. If you are driving without insurance, you’re at risk for devastating financial and legal repercussions. Because of this, drivers are required to take on this added, monthly expense. Luckily, there are plenty of ways to save on your auto insurance policy. Making sure you have all of the appropriate coverages on your vehicle’s insurance is a must for all drivers, but what if there was a way to add additional savings to your auto policy AND get everything you need out of it? Check out our tips, below!

Get Insurance Quotes Before Choosing Your Next Vehicle

The premium you’re saddled up with isn’t just dependent on the company you choose, but also the car. If you’re thinking of buying a new vehicle, consider quoting a policy for multiple options. Quotes don’t cost you anything to run, and it will help shed some light on which vehicles fall into your entire auto budget. The added bonus in quoting vehicles while you shop is finding out how insurance companies rate them in terms of risk. Lower-priced policies will indicate a low risk of theft, safety features, low repair costs, positive safety record, and other perks. 

Increase Your Deductible

Just like any insurance, the cost of the deductible will impact the cost of the premium. The larger the risk you take on, the less risk is placed on the insurance company, resulting in a lower cost. Make sure to realistically gauge your budget before increasing your deductible, because that is the amount of out-of-pocket money you will be expected to pay in the case of an accident. Consider saving this amount and putting it aside so you don’t have to scramble in the future. 

Couple Your Home And Auto

We know you’ve heard it before, but don’t let those easy discounts slip through the cracks! If you are a homeowner, there is no reason you shouldn’t be purchasing your policies through the same company. Aside from keeping bills in one location, it usually opens up the door to a bundling discount.  For example, when you purchase both your home and auto policies through BMI, you save 10% on each policy. 

Work on Your Credit Score

Among the numerous benefits of having a solid credit score is the benefit it will have on your insurance premiums. According to studies done on the correlation between credit and auto claims, those with higher credit scores tend to make fewer claims. 

Ask Your Agent About Other Discounts

Aside from the policy-coupling discount, you may qualify for even more ways to save. Ask your agent about a claims-free discount, which rewards drivers for not submitting any auto claims in a consecutive number of years. Additionally, see if your school-aged drivers qualify for the good student discount. Multiple cars under one roof? Putting them all on the same policy will result in a multi-car discount. And finally, if you or someone in your household has recently undergone a driver training course, there are discounts for that as well!