7 Tips To Minimize Car Insurance Costs

7/26/2017

Unfortunately for most of us here in Miami, insurance can be quite costly. Regardless of this, it is important to have insurance on property and automobiles. It could be catastrophic to your finances if you don't have insurance. We don’t think anyone should over pay for insurance, that’s why we’ve rounded up recommended ways we help clients here in Miami save on car insurance premiums.

1) Get Multi-Policy Discounts

Check with your agent if combining home and auto can give you a discount. Many carriers want clients to have all their policies under one roof and they offer discounts if you do. It’s best not to assume that having all your policies with one carrier will always save you the most amount of money, but it can be the case and it’s always worth exploring.

2) One Policy vs. Multiple Policies

Putting all your vehicles under one policy may allow you to get a discount from your insurer. But, if one of your drivers has a poor driving history the overall premium might be higher that way. It’s always worth checking with your agent if you have one driver in the house who has a significantly worse driving record.

3) Give Full Payment

Paying monthly often makes insurers add a finance charge to your bill. As much as possible, choose payment schemes like annually or quarterly at the least. Less payment every year entails less administrative costs to the company and also less cost to you. This isn’t always the case for every insurance carrier here in Miami so it’s worth a discussion with your agent.

4) Choose a Collision Deductible as High as You Can Afford

You will have a collision deductible depending on your plan. It is the amount you’ll need to pay out of pocket if you have an accident while you’re driving your car. Ask yourself the amount you are willing to pay if you file a claim insure. Getting a higher collision deductible will lower your premium for collision coverage by a lot.

5) Consider Your Car’s Value When Purchasing Collision Coverage

Check if you need to carry collision coverage at all. Canceling the collision coverage has pros and cons. You may save on insurance expenses but if an accident happens and your car has damages, you may have to take more money out of your pocket. Changing the deductible is like self-insurance but the insurance company will never pay more than the value of your vehicle, so if it’s only worth a few thousand dollars it might be wiser to hold off on the coverage entirely.

6) Buy a Different Car

Some cars have higher insurance cost compared to others. It will depend on the rate of theft, replacement or repair cost, among others. Check with your agent when you’re shopping for new cars.

7) Check for Discounts

Inquire with your insurer if they can provide discounts. It can be for your car's Automatic Emergency Braking Systems and Anti-theft devices.

At American Trust Insurance we think our clients should get every possible discount they deserve and we work hard to make sure they do. To learn more about how we can help you, please contact our agency at (305) 270-2200 or Click Here to request a free quote.

56 Comments

Derek Dewitt link

3/14/2018 08:06:25 am

My wife and I are thinking about switching car insurance policies, so thanks for sharing this. I like your point about how many carriers want clients to have all their policies under one roof and offer discounts. We might have to see if our home insurance company can offer a package deal with discounts.

Elena green link

4/9/2018 06:08:57 am

The best way to save on auto insurance is to choose a suitable insurance scheme for the vehicle. In order to select such an insurance scheme, we have to do some research. We could also contact independent insurance agents who doesn't have any association with any insurance organizations. I agree that insurance companies provides discounts on the multiple policies. So, we could choose insurance coverage for the vehicle and home in order to get some discounts.

Jenna Hunter link

5/4/2018 02:40:46 pm

I didn't know that you could do annual or quarterly payments to get fewer finances charges when it comes to auto insurance. That is a very helpful tip and I will have to see if I can find a company that will let me pay that way. It makes sense that paying monthly would cost the company more administrative fees, so it would probably be beneficial for them as well.

Jordan link

5/18/2018 09:43:17 pm

I've been wanting to get some good auto insurance for my wife and I. I'm glad you talked about how you can check for discounts for auto insurance to see what the provider can offer. I'm going to have to do some research and see what auto insurance and see what we can find!

Amanda Drew link

6/6/2018 01:50:08 pm

That seems like a good idea to ask yourself beforehand to what you'd be willing to pay when you file a claim. I'm planning on getting my first actual car, and I need to make sure that it will have the needed coverage because I'm going to be driving a lot. I'll have to think about how much I can pay and find the right type of auto insurance for myself.

Sean Spence link

6/22/2018 05:58:36 am

Many vehicle owners take auto insurance as an expensive hassle. But the fact is, the car insurance is not having any fixed rate. Certain things are there which a car owner can do now and later in order to keep the over insurance estimate within his spreadsheet. He needs to drive safely, purchase an insurance-friendly car, maintain a good credit score, keep up the factory maintenance regimen, take various attempts to increase the deductible so that he can save several hundreds of dollar per year on his car insurance.

Hector Uba link

7/23/2018 04:09:09 pm

Paying all of your payment up front is definitely one of the best ways to save money on insurance. I would imagine it's just easier financially to knock it all out and not have to make monthly payments. My sister is looking for new insurance to save her some money; I will be sure to share these tips with her.

Gerty Gift link

7/30/2018 07:45:05 am

You made a great point when you talked about different cars having a higher insurance cost than others. My husband has this really nice, but not altogether safe, car that costs a lot more than our minivan. I think that it would be really smart to reevaluate whether the car is worth how much we pay for it.

Rosie Beckett link

11/7/2018 12:44:05 pm

It is interesting that you say paying car insurance quarterly or annually will save you money because there will be less administrative costs and finance charges because you will be billed less often. My husband and I just got married so we are re-evaluating our insurance to see how we can save money. I will make sure to talk to different car insurance companies and evaluate their deductable and coverage costs as well as any extra discounts that may be offered before we choose one.

Gary Puntman link

12/27/2018 10:20:19 am

I'll definitely remember these tips when I start shopping around for auto insurance policies soon. I'll be checking with the agent to see if I can get discounts from having multiple policies, like you said. I'm sure that is always worth asking, like you also mentioned. You might be able to save a lot.

Giselle Johnson link

12/28/2018 09:41:09 pm

I’m impressed, I must say. Really rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your blog is really outstanding.

Gerty Gift link

1/28/2019 07:53:38 am

Thank you for bringing up the fact that some cars will cost more than others for insurance. I didn't realize that this was the case. It makes me think about what kind of car that we'll purchase differently.

Silas Knight link

1/29/2019 12:31:52 pm

You've got great tips for saving on car insurance. I hadn't thought about how different types of cars could affect rates. We're buying a new car, so we'll have to look into this some more.

Gerty Gift link

2/5/2019 10:53:51 am

I liked what you said about considering the value of your car in areas like collision coverage. My husband and I have been talking about how we want to insure our two cars. We have a really old one from the 90s and one that is pretty new. We'll be sure to keep this in mind for our older car so that we don't have to pay so much money. Thank you!

Mark Murphy link

2/19/2019 09:41:05 am

I really appreciate your tip to choose payment plans that are annually or quarterly at least when you get an auto insurance policy. My wife and I recently got married, and we want to get off of our parent's insurance and get car insurance for the car that we share. I will be sure to find a policy that will allow us to pay annually or quarterly!

Sandra Patterson link

5/2/2019 03:48:26 pm

Thank you for your comment about most insurance companies giving people that hold multiple policies a discount. My parents are looking into new car insurance right now, so ill be sure to tell them to keep an eye out for discounts and savings. I also thought that your tip about keeping your car's value in mind when buying collision coverage.

Mia Stewart link

8/6/2019 12:41:20 pm

I like how the article explains that if you have multiple cars, you should put them under one policy as often it helps to give you a discount. My husband and I each have a car under different insurances and we are looking for ways to make it cheaper. Maybe we will look into putting our cars on the same insurance policy.

Ellie Davis link

9/25/2019 09:48:19 am

I liked that you mentioned you need to consider it can be the case to have your policies with the same company to cut spences. My brother bought a car, and we are looking for advice to get insurance for his car. I will let him know about the benefits of getting your insurance policies with the same company.

Ellie Davis link

10/10/2019 10:38:21 am

It's interesting to know that putting all your vehicles under one policy may allow you to get a discount from your insurer. My brother bought a car recently, and we are looking for advice to help him find the best car insurance. I will let him know about the benefits of putting all his vehicles under one policy to see if it helps him.

Skyler Williams link

10/25/2019 09:58:34 am

Thank you for your tip to get as high of a deductible as you can afford to do. My nephew just learned to drive and my brother was telling me he needed to get him some auto insurance still. I'll pass this tip onto my brother so he can get some auto insurance right away.

Angela Waterford link

10/28/2019 03:34:42 pm

It's going to be my first time to own a car in my life since I never had a car before, and I was considering that I should get auto insurance for it. Thanks for the tip that I should inquire my insurer if they can provide a discount for me that I can get from them so I can save money. I think I'll try talking with multiple insurers so I'll know my options from them.

Vivian Black link

10/28/2019 03:46:07 pm

I love your tip about making sure you take into account your car's value when you purchase collision coverage and how it can help you save on insurance expenses. My husband and I just moved to Blacklick, OH and we are looking for an auto insurer to insure our son's new car. We will keep these tips in mind in our search for a professional.

Dennis Sanchez link

10/31/2019 09:44:27 am

I appreciate the advice on checking for different discounts when looking to purchase car insurance. My wife wants to get a new car. It would probably be a good idea for us to talk with an insurance agent and see what kind of discounts are available to us.

Derek Swain link

7/28/2020 09:04:58 am

It makes sense that your insurance costs may depend on what kind of vehicle you have in addition to how much it would cost to repair or replace it. My wife and I are interested in buying a car for our daughter's birthday so that she can drive to school each day, but we need to make sure that we find some affordable insurance since my job is our only source of income right now. We'll be sure to consider what kind of car we should buy when choosing insurance.

Greg Hampton link

8/5/2020 06:16:33 am

I like what you said about putting all your vehicles under one policy so that you can save money. My sister wants to get another car in the coming weeks. I'll share this information with her so that she can look into her options for professionals who can help her with this.

rachel frampton link

8/12/2020 12:15:14 am

I'm planning to buy an SUV car, which is why I'm thinking of purchasing auto insurance as well. I agree with you that it would be best to ask the insurer whether it would be possible to combine the home and auto insurance for discounts. You're also right that a higher collision deductible may help lower my premium.

Taylor Hicken link

11/6/2020 12:56:13 am

I found it interesting when you mentioned that combining your home and auto insurance under the same company can offer you a discount. My father is planning to get a new car next year since his old keeps on giving him trouble after it got into a minor accident last week. I will suggest to him asking his agent if he could combine insurance so he can get a better deal.

Adam Golightly link

11/9/2020 03:34:42 pm

My aunt just bought a new car, and she wants to make sure that she can get the right insurance for her area. She would really like to get some help from a professional to choose the right coverage to work a lot better. I liked what you said about how she can lower her premium for the collision coverage by a lot.

Chris Pederson link

12/15/2020 09:21:24 am

I had no idea that some cars have higher insurance costs. I want to get my wife a car for Christmas. I'll look into getting one that has affordable auto insurance.

Sarah Smith link

12/28/2020 12:25:51 pm

I really appreciate your information about auto insurance. We're trying to find an auto insurance provider for our son. He just bought his first car.

Darrien Hansen link

12/30/2020 11:53:10 am

I had no idea that you could significantly lower your premium depending on how much you are willing to increase your collision deductible. My wife and I are interested in buying a car for our son's birthday, but we would like to find some affordable coverage since he is still learning how to drive and may get in an accident on his way to work. Maybe we should consider our options as we look for an affordable policy.

Car Insurance link

1/25/2021 12:05:57 am

Car insurance is such a helpful habbit for the future of daily users of cars. First way to make an package affordable is you should select a reliable company of car insurance after which you can get free frm future unwanted situations. I also have experianced a bad situation and thats why I made this habbit and I always recommed it.

kate hansen link

1/25/2021 12:48:40 pm

It was really helpful when you said to do quarterly payments. My sister and her fiancé recently got their first car together a couple of weeks ago, and they were telling me about how they were wanting to make sure that they do everything right when getting insurance for it. I'll make sure to pass this information along to them as they search for a place to get auto insurance from.

Car Insurance link

1/29/2021 03:25:29 am

Informative blog. Most people think car insurance is a financial burden. The tips you explained here to reduce the policy cost are really useful. I will definitely remember these tips when I purchase the next policy. Thanks for the blog and keep up the good work.

Car Tracker link

2/2/2021 01:14:32 am

My brother is planning to get a new car this week and there is a issue of car theft in our area. Two cars were stolen last week. Someone suggested us a car tracker from United Track system can anyone please tell us that we should buy it or we can get a better deal then this.

Curtis Butler link

2/12/2021 09:02:35 am

I think it's good that you mentioned how having a high collision deductible can make your premium significantly more affordable. My wife and I have been thinking about getting some insurance for our new car this summer, but we don't think that we'll get into many accidents since we typically only drive our car on weekends to visit our grandson. We'll consider our needs as we look for some coverage that works for us.

Jeff Carbine link

4/2/2022 04:32:27 am

I like what you said about if you don't have insurance, it might be disastrous for your money. Our insurance claim until now is not yet claimed due to some technical argument. I will take your advice to find the best insurance damages expert in enforcing our rights.

Victoria Addington link

4/6/2022 09:24:13 pm

I didn't know that paying in installments usually drives insurers to include a financial cost to your bill. My sister should know this since she is planning to get auto insurance. I should advise her to look for an insurer that can offer her the best auto insurance solutions to fit her needs.

John Carston link

4/14/2022 12:50:32 am

My favorite part of this article is when you said that you may have a discount from your insurer by putting all your vehicles under one policy. My friend told me last week that he was planning to have auto insurance that could provide the best insurance rates for the long-term coverage for his car, and asked if I had any idea what would be the best option to consider. Thanks to this helpful article, I'll be sure to tell him that it will be much better if he consults a trusted auto insurance agent as they can provide more information about the best plan.

Sham malik link

5/20/2022 06:06:08 pm

I am completely satisfied after reading this post of yours. Please upload more informative posts like this. Once again, thank you very much.
<a href="https://minhasreviews.com/usa-auto-insurance/">USA Auto Insurance</a>

Mia Evans link

5/23/2022 01:14:41 am

Thanks for helping me understand that, usually, the rates will go lower when we get multiple policies from one provider. I should probably look for an auto insurance policy provider that can also offer life insurance. It would probably be the best time to invest in the latter as well now that I am getting older and having my own car this year.

Henry Killingsworth link

5/24/2022 11:47:48 am

I appreciate the advice you shared about giving full payment when purchasing car insurance. My wife and I need to find a car insurance policy that is right for us. We will have to make sure we give full payment each month once we find a good policy.

Millie Hue link

5/27/2022 12:56:35 am

It really helped when you said that choosing to pay for auto insurance services annually or quarterly would cost less. I will keep that in mind and look for those that offer that option now that I have my own car. It will definitely be a huge help for me if I can get coverages that will not break the bank, since eI am not that well-off as well.

nikkwilliam link

5/28/2022 09:22:28 pm

Tennessee Auto Insurance Agency is an American multinational Agency whose subsidiaries provide insurance. They provide a full range of insurance and financial Agency products, including auto, business, homeowners, farm, and life insurance throughout the world.

GenieKnows Insurance link

9/6/2022 09:33:29 am

There are several forms of insurance coverage available on the market place today, but all of them have to do with safeguarding our team, loved ones, or even ownerships from some sort of financial reduction.

No one recognizes what the potential stores, as well as it is actually consistently significant to possess techniques to shield our own selves.

Insurance coverage may secure us from the loss of task, wellness, property, lifestyle, or even automobile.

Insurance policy is a significant component of an economic safety and security.

I know there are actually the three principal kinds of insurance: life, health and wellness, and also car.

While acquiring insurance, individuals frequently obtain puzzled on whether opt for life insurance policy or even wellness insurance policy.

I am actually likewise within this condition can easily any individual assist me??

Eli Richardson link

9/7/2022 07:57:04 am

I bought a car last week, and before I start driving it, I'd like to get it insured, so I'm looking for more insight on how to find the best policy. It's good to know we'd get a discount when getting an auto insurance plan, so I'll definitely keep it in mind. Thanks for the information on auto insurance and how to find a cost-effective plan.

Braden Bills link

10/11/2022 07:21:36 am

My wife and I have been having a hard time getting our insurance plan together. It makes sense that we might want to get a policy that can cover both of us. I'll work with an insurance specialist to see if I can get a discount on this, too.

Tex Hooper link

11/7/2022 12:04:06 pm

I appreciate what you said about canceling collision coverage. I am rarely in accidents and need to lower my premiums. I'll have to get a different policy.

Thomas Clarence link

11/10/2022 01:05:53 pm

It was interesting when you talked about how it is a good idea to pick quarterly payment schemes when getting car insurance. I would imagine that your income can affect what kind of payment plan you should get. Consulting with an insurance agent seems like a good way to make sure you get the right payment plan.

Charlotte Fleet link

12/13/2022 03:23:07 pm

I find it interesting that it's possible to have lower insurance costs by having all of your cars under a single policy. My husband and I need to get new car insurance for both of our vehicles as well as our teenage son's. This week, we'll look for a reputable insurance agency that provides affordable rates for multiple vehicles.

Iris Smith link

1/3/2023 08:45:40 pm

Thank you for noting that receiving a smaller payment each year results in lower administrative expenses for the business as well as lower expenses for you. My sister purchased an automobile. I'll tell her to look for an auto insurance company that will accept a lump-sum payment.

Steve Smith link

1/12/2023 04:57:47 pm

I found it interesting when you said that you could obtain discounts by choosing multiple insurance policies. My friend told me last week that he was planning to have auto insurance that could provide the most reasonable insurance rates for the protection coverage for his car. He asked if I had any idea what would be the best option to consider. Thanks to this helpful article, I'll tell him it will be much better if he consults a trusted auto insurance agency as they can provide more information about the best plan.

Jessie Holloway link

1/17/2023 12:31:52 pm

Thanks so much for the tips on how to keep costs down when paying for car insurance. I have a friend who just got her first car and she wants to get insurance for the thing as soon as possible. We've been looking into finding a provider that can help walk her through the policies.

Emma Davis link

1/30/2023 12:36:28 pm

This article on minimizing car insurance costs is helpful and filled with great tips! I especially appreciate the emphasis on shopping around for the best deal and finding discounts. Many people don't realize how much money they can save by taking these steps. If you're looking for an insurance provider, I would highly recommend <a href="https://www.surex.com/Insurance/auto-car/halifax">Surex</a>. They have a reputation for providing affordable insurance options and great customer service. Thanks for the valuable information!

Auto Insurance in cambridge link

3/28/2023 01:22:17 am

These are some useful tips for reducing car insurance costs. Combining home and auto policies, as well as putting all vehicles under one policy, can often result in discounts. Choosing to pay annually or quarterly can also save money on administrative costs. However, it's important to note that individual circumstances can vary, and it's always best to consult with an insurance agent to find the best solution for your specific needs.

Financial Planning link

9/7/2023 10:44:05 pm

Your blogs have the potential to make a positive impact on many people's lives. Keep up the excellent work! Thanks for sharing about tips to minimize car insurance costs.

7 Tips To Minimize Car Insurance Costs

Leave a Reply.

Contact Us

Archives

Categories

Navigation

Social Media

Contact Us

Location