Insurance can be a drain on any budget, but particularly if you are young or have a less than perfect driving record. No matter what your circumstances are, there are ways to lower your policy premiums. Here are a few for you to attempt if you have been dreading your insurance bill.
Raise Deductibles
Raising your deductible is a quick and easy way to lower premiums. Of course this benefit is lost if you have an accident. It also requires you to be certain you do not raise the deductible to a number you would be unable to pay in the event an accident does occur.
Purchase Wisely
Sporty cars with powerful engines or low safety ratings are expensive to insure. Choose a reliable vehicle with a good safety record and install anti-theft devices for additional discounts.
Pay Bills on Time
Even though they may seem to have no relation to each other, credit ratings have a large impact on insurance costs. By keeping your credit score high, you will be lowering your insurance premiums at the same time.
Drive Less
Car pool, use public transportation or walk whenever possible to lower your annual mileage. Insurance companies are aware of the added risk every time you pull out of the yard. Minimizing those miles will help to minimize your costs. The added benefit it that you will also save on fuel and wear and tear on your car and tires.
Bundle
Purchasing all of your insurance through one company will often qualify you for valuable discounts. Even better, you will likely receive a discount on each policy. This can add up to a substantial amount if you have several insurance policies.
Shop Around
Your insurance company may have been the cheapest five years ago when you got your policy, but are they now? You may find by looking around that this has changed. If you love the company you are with and are hesitant to switch, call and talk to an agent. You may be surprised at what they have to offer.
Low Cost Car Insurance in Philly is possible by using these tips and if you know where to look. The Imperial Agency consistently has the lowest premium costs, excellent coverage and an easy to use online site that allows for free quotes on any policy 24-hours a day.
