3 Ways to Reduce the Cost of Vehicle Insurance in Watsonville

by | May 2, 2017 | Insurance

The cost of living is on the rise, and people are making more of an effort to save money where ever they can. It’s easy to save money on things like groceries or finding great deals on clothing, but it’s the necessary things, like auto insurance, that people often forget about. Auto insurance isn’t something that most people give a second thought to unless they need to use it. But if people can start saving money on their insurance, it’s worth it to take another look. Here are three ways to reduce the cost of Vehicle Insurance in Watsonville.

The first way to reduce auto insurance costs is to shop around. Even if customers have had their insurance with one company for many years, it still might pay off to contact other insurance companies for a quote. When contacting other insurance companies, be sure to have the current policy handy so that insurance companies can give quotes with the same coverage and benefits.

If shopping around doesn’t offer any savings, the second way to reduce costs is to inquire about other discounts available through the current company. Often, insurance companies will offer bundle discounts for purchasing two or more types of insurance. In addition to multiple policy discounts, ask if they offer any discounts for safety or anti-theft features on vehicles, discounts for low mileage driving, or even discounts for belonging to certain business groups or affiliates. If there are younger drivers on the policy, inquire about good student discounts and clean driving record discounts. Another little know fact is that insurance companies sometimes offer discounts if the vehicle owner lives near a police station or fire station.

The third way to save money on Vehicle Insurance in Watsonville is to increase deductibles. A deductible is an amount that the vehicle owner would pay out of their own pocket before the insurance will cover the rest of the claim. Increasing the deductible will typically reduce the monthly premium, and for vehicle owners that hardly ever file claims, they can save hundreds of dollars a year. When increasing deductibles, it is important for the owner to make sure they have the money set aside to pay the out of pocket costs.

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