How to Lower Your Auto Insurance Bill

4 Ways to Lower Your Insurance Rates

Are you among those making a New Year’s resolution this January? If so, there’s a good chance that one of your resolutions involves saving money.

You might take a look at your auto insurance premiums. It’s probably not the first place you look to save money; nevertheless, you may be able to find some real savings with a few changes to your lifestyle and habits.

1. Drive safely. Accidents, speeding violations and other incidents on the road can hit your wallet pretty hard because some can cause your insurance premiums to skyrocket. On the flip side, many companies will give you a discount if you don’t have an accident or moving violation over a set amount of time.

2. Pay your bills on time. Most carriers use credit information when they’re determining how much your coverage will cost, so it pays to have a good credit history. Other things that can impact your credit score include your outstanding balances and how much available credit you have.

3. Ask about discounts. There are all kinds of discounts available for drivers — including some you might not have realized. Do you purchase your homeowners and auto policies from the same company? There’s often a discount when you bundle multiple products with the same insurer. Or, if you don’t drive much, you could be eligible for a low-mileage discount.

4. Shop around. Your car has a big impact on how expensive your insurance will be, so if you’re buying a new one, be sure to do your research on how much it costs to repair that particular model, the likelihood of theft, etc.

As part of our service to you, RBFCU Insurance Agency will make it easy to weigh your options and find the right balance between coverage and cost

Information in this article is general in nature and for your consideration, not as financial advice. Please contact your own financial professionals regarding your specific needs before taking any action based upon this information.

Article prepared by Safeco Insurance. Copyright 2019; November 2019

RBFCU Insurance Agency LLC is a wholly-owned subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU). Insurance products are not deposits; are not obligations of the credit union; not NCUA insured; and not guaranteed by RBFCU Insurance Agency LLC, RBFCU Services LLC or RBFCU.