3 Simple Ways To Lower Car Insurance Cost You May Not Heard Yet

Hey, guys. Jason here with 303 Insurance. I wanted to share with you another insurance tip. What I want to talk about today is something I’ve been talking to a lot of my clients it’s about three ways to reduce your car insurance without reducing your liability.

Reasons Why Car Insurance Is Rising

When we think about auto insurance, that never ending increase that we’ve seen here in Colorado.  Reasons for the increase:

1.  We have more people on the roads. We have more distracted drivers on roads. People are in their vehicles more often.
2. Another reason is the bad weather and everything like that. Colorado is kind of an epicenter for a lot of accidents. Insurance payout on claims that drives insurance rates.

3 Ways To Reduce Car Insurance Cost Without Compromising Liability Coverage

But fortunately, there are simple ways that you can do to help reduce your auto insurance cost without lowering your liability limits. Pretty easy.

1. One is we can look to raise your deductibles. Put a little bit more skin in the game for you. If we take them from $250 for comprehensive and collision to 500 or 500 to $1,000. Then let’s see what difference would it be or does it make sense to do it?
2. The second option that we can do is check for other payment option. Does your insurance company have different payment plans? It’s very common for people to be on a monthly EFT (Electronic Funds Transfer) payment plan. It’s just a monthly expense but a lot of carriers give discounts if you pay either six month or annual terms. So, can we advantage of that.
3. The third one, it’s becoming more and more popular. It is a driving app that you can use on your phone. Almost every insurance company out there is promoting it. Save anywhere from from 5% to 30%, some of offers 40%. But consider asking yourself first. Do you have the ability to save money through good driving habits, putting the phone down when you’re driving, how aggressively do you accelerate, how aggressively do you break, the telematic stuff that I’ve talked here a little bit on my previous blog.

Those are three great ways that you can reduce your insurance cost without cutting coverage. If you want an insurance review, feel free to reach out to us at Jason@my303Insurance.com or 303-506-2755 and we’ll talk to you real soon.