Controlling Car In$urance
You may be frustrated with
car insurance premiums and factors that may them creep upward, such as:
- Your insurance company's overall loss experience (due
to more claims)
- The increased value of newer model cars, particularly
- Increases in judgment amounts awarded in auto lawsuits
- Increased business processing and administrative
- Auto loans lasting longer, meaning increased auto
repair costs for older cars
There are ways to address rising
costs. First, gather your insurance records and any other car-related
information. Next, determine if circumstances have changed since you last dealt
with your coverage. Once this information is handy, call your agent and discuss
relevant items such as:
- If you have your home and auto insurance with the same
company, are you getting a discount?
- Does my coverage take full advantage of the discounts
offered by my company?
- I have more than one car; am I getting a credit?
- Does it make sense to change my deductibles?
- Do my cars really need physical damage coverage
insurance? (An important consideration for older vehicles)
- Do lifestyle choices such as drinking or smoking affect
- My son or daughter is on the honor roll, does this
affect my premium?
- Did you know that my car has special security features?
- Did you know that my son took Driver's Education?
- Does the company have accurate information on how often
and how far I drive?
- Am I with a standard carrier or do I qualify for any
- Is my vehicle charged an additional premium because of
its type or performance?
- Do I qualify for a loss-free history or policy
Giving your agent accurate
information helps you get the best available premium. Provide your agent with
complete details about your driving history. It’s important to clear about who
drives your cars and how they’re used. Finally, use your agent as a resource
for handling errors about your account or which may be shown in your driver
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