That is an excellent question! The best answer is be a safe driver, but that said, there are some things that you can do to help lower your cost. You may consider raising your deductible, as the lower your deductible, generally the higher your cost; you may also consider lowering the limits of your coverage. In addition to those, you can see what options are available to you by the insurer for discounts, safe driver, monitoring systems, things like that that they may offer that you've not taken advantage of. There also are discounts for having multiple cars or policies, so you may want to consider adding your other insurance policies under the one insurers roof. You may also just plain ask for one, tell them it's too expensive,and see if they will work with you. Good luck, and thank you for asking!
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
With the company I represent the easiest way to reduce the premium for auto insurance for a Land Rover or a Honda, is to obtain another line of insurance coverage in your name. These discounts can make a significant difference. If you are already paying for homeowner’s insurance elsewhere you should consider moving it to the company insuring your Land Rover. I never recommend reducing coverage to save money—that only increases the risk of incurring a loss that you cannot afford!
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Regardless of the type of car that you drive, the best way to control your insurance costs is to talk to your Insurance Professional about all available discounts and coverage options that are available to you. Talk about various deductibles for both Comprehensive and Collision. Talk about "bundling" your personal insurance program because many companies offer nice discounts if you insure your home and car together. Others deepen thse discounts if you also have life insurance or other coverage wit the same company. some companies offer discounts if your car is equipt with an alarm or theft recovery system, while others offer you the chance to have a monitoring chip plugged into your car to see if your driving habits qualify you for reduced rates.
Insurance Agent, Davila & DeFusco Insurance, Saugus, MA
In addition to the other answers here, it's worth noting that some insurance companies use a U-shaped curve for their pricing. This means a lower amount of coverage may actually cost most than a higher amount.
From the insurance company's point of view, customers that are seeking the lowest amount of coverage may be a higher risk than those who insure at a higher level. As pricing generally reflects the assumptions of risk, there is a sweet spot somewhere in the middle of the range to get you the best price. Alternatively, you could get much better coverage for the same price as much lower coverage.
Work with your agent to determine which level of coverage makes the most sense for you. It may be higher than you've had before, but that could be to secure a better price for you.
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From the insurance company's point of view, customers that are seeking the lowest amount of coverage may be a higher risk than those who insure at a higher level. As pricing generally reflects the assumptions of risk, there is a sweet spot somewhere in the middle of the range to get you the best price. Alternatively, you could get much better coverage for the same price as much lower coverage.
Work with your agent to determine which level of coverage makes the most sense for you. It may be higher than you've had before, but that could be to secure a better price for you.