Do you know why your auto insurance premium is going up? At the agency, we receive this question quite often. There are a number of aspects that go into play for increasing the cost of your auto insurance.
Changes to the Policy
During the last policy period, did you:
- Change vehicles
- Add a vehicle
- Add an additional driver (a larger impact will be seen when adding a teenage driver to the policy)
- Loose a policy discount
Auto Insurance Premium Discounts
Common discounts that people will loose on their auto policies include:
- Good student
- Defensive driver
- Multiple vehicle discount
- Multi-package discounts
Ways to Keep Your Premium Rates Low
Look for the discounts available and talk with your agent about how to get any of these in place for your auto insurance policy. Some auto insurance companies offer a paperless discount, the good students or defensive driving discount, multiple vehicle discount. Are you getting all the package discounts available to you? Are you getting all the discounts you can earn?
Although some discounts are accredited automatically, it is still best to meet with your insurance agent on a yearly basis to review your policies in place. This will cover is something has changed in your household, maybe you’re no longer driving 40 miles to work anymore, is your vehicle classified correctly then.
Contact Harmoning Agency today to discuss your auto insurance options and check in on your premiums.