Everyone seems to be looking for ways to cut costs and save money. One of the easiest ways to save money is by looking at the cost of your car insurance premiums. Texas is one of the states where auto insurance can be really expensive or priced fairly cheap depending on where you live. However, there are ways to keep premiums low and save money at the same time.
In Texas having a good driving record helps in keeping rates low. Surcharges are placed on rates for any activity in the past three years.
Some companies offer low rates if the premium can be paid in full or if a down payment can be applied. Make sure to ask if a carrier offers such a discount.
Active personnel in the military can get a discount by simply providing papers proving service in the military. Veterans who have been honorably discharged are also able to take advantage of this savings.
Put insurance companies to work for you. When getting a quote make sure to check with several other companies. Sometimes a company may be able to lower a rate in order to keep business or acquire new business.
Check with your current employer to see if they offer benefits with car insurance. Some major companies offer insurance coverage through a broker to their employees. A payroll deduction discount may be offered if the premiums are able to be paid for through paycheck deductions.
If you have been with your current insurance provider for a long period of time, then it is possible that you are paying too much for insurance. Whether it is car insurance or home insurance, there are ways to keep your premiums low.
Shop around with other carriers to find out what their rates are like. Insurance carriers are always on the lookout for new policy holders. To get quotes simply call or send in your current coverage’s and have the quoting agent figure out what it will cost each policy term. Just make sure that the coverage’s are the same.
When switching insurance carriers, make sure to ask for a future effective date. Providers will often discount rates if they can issue the policy at least two weeks into the future. Just make sure that there will not be a lapse between policies as this can actually make your rates go up.
Bundle policies together in what is called a multi-policy discount. Most major carriers desire to have all the risks of a household insured by one company so they will offer discounts for bundling policies. The most common is the auto and home discount but don’t forget to ask about multi-policy discounts for boat and motorcycle insurance policies.
If you work for a company that offers benefits to their employees then check to see if they offer auto and home insurance.
Many times they will offer this benefit with the option of payroll deduction which usually saves 10-15% off the premium of most policies.
One discount that is often overlooked is the military discount. Service men and woman simply have to ask for the discount and provide documentation of service to have this discount applied.