Insurance Incorporated

In our struggle to survive in our economy, saving money is at its peak. When we save money, it brings us and our wallets happier times. We are always looking for new ways to save, but did you know you can save a substantial amount of money from your insurance company? Here are a few ways you can save on your auto insurance:

1. Shop Around
   • There are many factors that can affect your rate and each insurance company handles it differently. Prices vary from one insurance company to another, so make sure you are getting the right coverage at the best price.
2. Have a Higher Deductible
   • When you have a higher deductible, you can lower your semi-annual premium substantially. Just from increasing your deductible from $200 to $1,000 can save you 40% or more. It is important that if you do choose to have a high deductible, make sure you have enough set aside so that if there is an accident, you will be able to cover that deductible.
3. Reduce Coverage on Older Cars
   • There’s no point in getting coverage on the car if the car isn’t even worth that much. A general rule of thumb is that if your car is worth less than 10 times the premium, it may not be cost effective to purchase comprehensive coverage for that vehicle.
4. Multi-Policies
   • Since you already have your auto insurance with one company, why not have your home with them as well? You get a discount for having multi policies with one insurer!
5. Good Credit Score
   • Having a good credit score can reduce your insurance cost. More and more insurance companies are starting to look at credit scores to figure out rates for individuals. The industry said that people with lower credit scores are more likely to file a claim than those that have a higher credit score.

 There are many other ways not listed that can help you save on auto insurance. Speak to one of our agents today to find out how! Visit our website at www.insuranceinc.com