There are several strategies that should be explored. Here are a few of the more commonly applied ones:
Call two or three local agencies and ask for quotes from several of their carriers, using the same coverages, limits and deductibles. (Ask each agent for their suggestions as to lowering your costs.)
Discuss all possible discounts available to you, such as safety devices on the vehicles, defensive-driver courses completed, etc.
See if you can combine your auto and home coverages on the same policy.
Review your credit situation and see if you can rectify any discrepancies on the credit bureau reports
Increase your deductibles, in-line with your financial situation.
Consider dropping comprehensive coverages on older vehicles.
That is a great question! There are a couple of good ways to lower your cost. The first, and best way to lower it is through an extended period of claim free and ticket free driving. A good driving record is a great way to save. The second is to bundle your policies - insure your other car, a life insurance or homeowners policy, with your auto insurer. They will generally give discounts on all of the policies under their umbrella. Another way is to ask. Sometimes, rather than lose your business, the company will "find" a way to provide you with a cheaper rate. Lastly, if you can afford to do so, raise the amount of your deductible to the highest amount that you could scratch up if you had too. Generally the higher your deductible, the lower your rate. I hope that helps, thanks for asking!
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Start by talking toyour Insurance Professional about any and all discount opportunities your company may offer. Many companies apoply multi-policy discounts for those who insure their Home, rental apartment, Condominium etc. as well. Other companies offer additional discounts for those who also obtain Life Insurance with the same company. Ask about any "affinity" relationship discounts that might be available. Alumni Associations, Professional Associations etc. sometimes have a relationship with an insurance company and it's members as such receive an additional discount. Here in CT, Nationwide has an affinity relationship with the CT Farm Bureau Federation, to which anyone can join as an associate member. Members receive an additional 7% discount on their car insurance.
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Call two or three local agencies and ask for quotes from several of their carriers, using the same coverages, limits and deductibles. (Ask each agent for their suggestions as to lowering your costs.)
Discuss all possible discounts available to you, such as safety devices on the vehicles, defensive-driver courses completed, etc.
See if you can combine your auto and home coverages on the same policy.
Review your credit situation and see if you can rectify any discrepancies on the credit bureau reports
Increase your deductibles, in-line with your financial situation.
Consider dropping comprehensive coverages on older vehicles.