3 Amazing Hacks To Lower Auto Insurance Rates

Hey guys, Jason here with 303 Insurance Brokers, and I hope you’re doing great today. I know I am. I wanted to bring another insurance tip to you, How to lower auto insurance premium rates. This one’s going to be a little more in-depth.

I wanted to talk about something that I talked about with almost every client. 

Why are insurance rates so expensive? 

What we’re going to do is we’ll break it down into Home Insurance and Auto Insurance. What are those things that drive up the cost, and what are some of the things you can do proactively.

What Are Those Things that Drive Up The Cost Of Insurance In Colorado

Possibly to save some premium dollars. So, the first one we’ll talk about is why auto insurance is so high? The comment has been the perfect extort storm for insurance premium increases over the last decade, and part of that’s because more people are living in the Denver Metro area.

1. There are more accidents. There are more distracted drivers with cellular phones.
2. There are more distracted drivers with our marijuana laws in Colorado.
3. Also, another big one is the hailstorms. Everybody with comprehensive coverage on their vehicle has hail coverage (on my previous post I have discussed the importance of comprehensive and collision coverage, check it out). When you look at all of the large spectrum of hail storms that we’ve had in Colorado is it’s helped drive up the price there. I have talked about winter driving safety tips in my previous blog, check it out.
4. The expanded price of medical costs, and every time there’s an accident, how expensive it is to get in and out of an emergency room or see a doctor you want that’s all impacts, what auto insurance premiums.

So the best thing that you can do to lower auto insurance premiums is to be a great driver and put the cell phones down.

How To Lower Auto Insurance Premiums

1. Pay attention to what’s going on around you. We have very aggressive drivers. We have very passive drivers out there, just understanding what’s going on on the road. It’s more important than ever to avoid tickets, avoid accidents to the best of your ability.
2. The second thing that we can do is most auto insurance companies are doing something called telematics. It’s utilizing your cell phone to get behind the wheel with you. What kind of driver are you? Do you perform hard, stops, fast accelerations. Those are indicative of causing accidents. How many miles do you drive? What time of day do you go? So there are some great systems with telematics.
3. Let’s also look at deductibles, higher deductibles a little bit more self-insuring. Can it drop the rate? Sometimes it makes sense. Sometimes it doesn’t make sense. 

So if you want to look at your auto insurance, you want an excellent holistic review of your policy that gives you some good ideas. Reach out to me, Jason, with 303 Insurance Brokers.