Insurance

Six Tips for Lowering Your Car Insurance in Waynesboro

People are always looking for ways to cut their monthly costs and minimizing the cost of your Car insurance Waynesboro is a great way to free up funds. Below are six tips to lowering the cost of your monthly Car insurance In Waynesboro.

Lower Your Deductible: The amount of your deductible is one of biggest factors that determine you monthly insurance cost. A deductible is the amount of money you have to pay toward damages after an accident before the insurance company policy kicks in. Raising the amount of your deductible by a couple hundred dollars could lower the cost of your insurance policy by fifteen to thirty percent.

Get rid of coverage you don’t really need: If you have an older car that doesn’t have a high current value, consider dropping the comprehensive or collision coverage. Carrying this type of coverage on a car with a low value is not worth the money you pay towards the policy each month because if you make a claim it will likely not exceed the cost of the insurance and the deductible amount.

Comparison Shop: Don’t just sing-up for the first policy you get a quote on. Make sure to get quotes from several different insurance companies. Prices vary greatly from company to company, depending on where you live and the type of driving you do on a regular basis. Use your comparison shopping to your advantage by discussing other quotes you got from other companies in order to negotiate with a company you want to sign with.

Bundle Multiple Policies Together: You are able to receive great discounts when you bundle multiple insurance policies together, such as automobile, boat, motorcycle, and home insurance.

Keep a Good Driving Record: Your driving history greatly affects the cost of your insurance policy. Having speed tickets on your record and multiple accidents will hit your wallet hard when it comes to determining the monthly cost of your insurance. A good driving record is the best way to get an initial lower insurance policy cost and to keep it that way.

Maintain a Good Credit Record: Car insurance Waynesboro uses your credit score and history in determining your insurance premium to minimize their risk of not being paid. People with a clean and positive credit history get better pricing on their policies, than those with a low credit score or delinquent history.

 

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