5 Ways to Get Lower Insurance Rates

Drivers looking for auto insurance Scottsdale AZ have options when it comes to insurance rates. A good driving record is one way to get a lower rate, but there are several other factors that can determine how much you pay for your insurance.

The following are ways you can lower your cost for insurance while getting the necessary coverage for your vehicle.

Buy a Low-Risk Vehicle

If you have your eye on a fancy, cherry red sports car that goes from 0 to 60 in 3 seconds, you might want to think again. That car could cause your insurance rates to skyrocket.

A high-value vehicle is riskier to insure because it could be a target for theft, and is more high-profile on the road. You’re more likely to get a ticket in a flashy car than an economy car. That ticket can increase your rates even more.

Don’t think so? Shop around for quotes on that dream car and compare them to quotes on a commuter car. The results could shock you.

If you’re looking to buy a new car, a quick online search for “low-cost cars to insure” can help to keep your rates down.

Maintain a Good Credit History

Believe it or not, your credit history has an impact on your insurance rates.

There is a correlation between people with higher credit scores and the number of claims they file. The lower the score the more claims. So, when insurance companies are likely to quote higher rates to consumers with poorer credit.

A higher credit score indicates trustworthiness and presumably better driving habits.

Opt for a Higher Deductible

Sure, you’d want your deductible to be lower if you anticipate that you’ll be in an accident. But the point of insurance is to have it and not need it.

When you select a higher deductible on your insurance, you ultimately spend less on your policy fees.

If you bump up your deductible from $200 to $500 you could save up to 30 percent on comprehensive and collision coverage. Your insurance agent can help you determine how much coverage is best and what deductible will help to decrease your overall rates.

Bundle Your Homeowners and Auto Insurance Coverage

Many insurance companies offer a discount to customers who purchase two or more insurances. Talk to your insurance agent to find out if the company offers discounts on insurance bundles.

Talk to an Agent

The best way to learn how to lower your auto insurance Scottsdale AZ rates is to talk to an insurance agent. Ask them about your coverage options and learn what factors determine your rates and how you can possibly lower them.

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