High Deductibles

The most effective way to lower your car insurance is to have a high deductible. Your deductible is the amount you will have to pay if you’re in an accident before your insurance company steps in to help, and it should be balanced with your premium. Placing it too high just to lower your payment isn’t the wisest choice. However, if you have a really low deductible and your paying way too much for your car insurance, raising your deductible is a good starting point.

Remove Features

Having insurance in Austin, or any other large city, typically costs more than in smaller towns. That being said, you can lower your payment by removing some features, such as towing and car rentals. Oftentimes, removing towing can save you up to $30 a year, just be sure you never run out of gas or lock your keys in your car. Removing car rentals can save you nearly $40 a year. While it’s a helpful feature if you ever need it, it’s one that most people don’t use.

Avoid Extra Coverage

Having extra coverage is always nice. It is a great feeling to be protected, but some extra coverage ends up just costing you money. For example, avoid paying for zero deductibles because it can skyrocket your monthly payment. If you’re not already paying for a zero deductible, just consider the fact that you have gone all year without it. Why change it now?

Your car insurance doesn’t have to be fixed, but if you like a feature, you don’t have to get rid of it. While it’s nice to lower your monthly payment, removing something that you think you need is never a good idea. If you are unsure about making changes, talk to your insurance provider to find out if there is anything that the agent can do to save you money.

How many drivers do you have in your family?