What are some practical things I can do to lower the premium of my auto insurance?
First and foremost you want to make sure that you shop your insurance around with different insurance carriers. Insurance quotes from a variety of insurance carriers for identical coverages can vary in price drastically. Make sure if you have your insurance through an agent that they have you placed with their most competitive insurance carrier. Reviewing the insurance carrier’s policy of discounts is very important so you can be sure that you are receiving all the proper discounts that you qualify for. Attaching discounts to the policy can always decrease the premium. Lastly, if you carry physical damage coverage (comprehensive and collision coverage) on your policy, increasing the deductible you maintain for your vehicle(s) will also decrease your premium. Generally, the more risk you assume, the less risk you assign to the insurance company, which is charging according to how much risk it is insuring against. A deductible is the initial out of pocket expense that you, the insured, a
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