Every driver needs Auto Insurance. Not every driver needs an expensive policy. Now may be a good time to look for ways to save money.
Whether you need to renew your premium or are just tired of high prices, you can take steps to save money without hurting your coverage. Between shopping around and looking for discounts, there are several ways to save.
You just need to know what to look for.
Steps to Save on Auto Insurance
Our friends at the Insurance Information Institute (III) report that Auto Insurance rates have been increasing more than the rate of inflation since 2009. An improved economy put more people to work. More workers equal more driving.
Distracted driving remains a problem. More devices, and more distractions led to more accidents. That equals higher insurance premiums.
For News also reports that some insurance companies are suspected of price optimization. This is the practice of charging higher prices to renewing customers on the assumption they won’t shop around. While this is illegal in many states, it can be difficult to determine.
Of course, one of the best ways to combat price optimization is to shop around.
The site also recommends bundling your Renter or Homeowners policy with your Auto policy. You may even consider dropping some types of coverage from your policy. Of course, less expensive cars also cost less to insure.
You certainly can try comparing policies and companies online. However, as a local, independent insurance agency, the Keating Agency can request quotes from multiple companies. We work with more than two dozen companies, which puts us in a position to introduce you to companies you don’t know exist.
The Keating Agency has been in your community for more than 50 years. We are a third-generation, family-owned business and we have the knowledge and experience to help you meet all your insurance needs.
Give us a call.