Do you dread getting your auto insurance letter of renewal in the mail? Is it yet another expense that’s difficult to budget for? Auto insurance is compulsory, but there are ways to save money on your auto insurance policy. You should ask your Rhode Island insurance agency about what discounts are available as there may be several you are not aware of.
The Independent Insurance Agents of Rhode Island (IIARI) report that having a good driving record is the most common reason for a discount on car insurance costs. Of drivers surveyed, 62 per cent said they get a discount for having an accident-free driving record. Almost 50 per cent said they get a discount for having multiple cars on the same policy. Other common reasons for discounts include driving a car with anti-lock brakes, airbags, and bundling several policies with the same insurer.
Insurers may offer several other discounts including reductions for taking a driver safety course, getting good grades, keeping mileage low and installing security devices.
Another way you can lower your premiums to increase your deductible. When you increase your deductible to $1000, you will have to pay $1000 in damages before your insurer will honor a claim. You should only increase your deductible if you’re in a financial position to pay the deductible amount should you be involved in an accident. Speak to your Rhode Island insurance agency about getting a policy that’s right for you. With Podmaska Insurance Agency, you can get the coverage you need, so contact us today with all of your questions!