Protecting Your Beloved Possessions

3 Important Things That May Lower Your Auto Insurance Rate

Are you tired of paying for car insurance? Do you wish that you could avoid paying this bill for at least a few months so that you could catch up on other bills? Car and auto insurance can be expensive but it doesn't always have to be. There are things that you can do that can make your insurance rates drop dramatically so that they're more affordable. While not everyone will qualify for every discount, it can be worth checking to see if any of them will work for you. A few of the discounts that you may qualify for include:

Get rid of full coverage: Auto insurance rates will be higher or lower depending on how much money the insurance company might have to pay out in the event of an accident. For full coverage, the insurance company is expecting to have to pay for damage to one or more vehicles and medical bills. If your vehicle is fully paid for, however, switching to a liability-only policy can save you significant amounts of money. Should you get in an accident, the other driver will be reimbursed if the accident is determined to be your fault but your own vehicle repairs and medical expenses wouldn't be covered unless the other driver is found to be at fault. 

Take a defensive driving course: If it's been years or even a few decades since you took driver's ed in high school, you might think that it's silly to take a course to teach you how to drive. A defensive driving course isn't like other driving courses, though. Instead of simply teaching you how to drive, a defensive driving course will teach you how to best handle a variety of accident situations. Because a defensive driving course lowers the potential damage that will occur in the event of an accident, insurance companies may be willing to lower their auto insurance rates significantly after you take the class. Before you sign up with just any defensive driving course, contact your insurance company to make sure that this is a discount that's offered and that your prospective school's defensive driving certificate will be accepted by them.

Install a tracker: A few companies may be willing to give you low auto insurance rates if you're willing to allow a tracking device to be placed in your vehicle. This device will record how fast you're going at any particular time and how often you have to slam on your brakes. The device may or may not keep track of your actual GPS location because that information may not be necessary to the insurance company. The fewer times you have to hit the brakes hard and the slower your average driving speed, the less risk you are for the insurance company. As a result, they'll be willing to offer you lower insurance rates. Contact an agent, like Woodmansee Insurance Inc, for more help.