Are you buying auto insurance? If yes, you need to learn smart ways you can cut your premiums. You can cut down your premiums by raising your deductibles, dropping collision insurance on older cars, demanding special discounts and consolidating all your insurance policies into one insurer. Read now to learn what you can do with these factors so your insurance not only fully covers you but also saves you money.
Here are three ways you can change your auto insurance to gain financial and coverage benefits:
Raise Your Deductibles.
The quickest and easiest way you can save money on your auto insurance is by increasing your collision and comprehensive deductibles at the same time. When you increase both deductibles, you have more than double coverage of what you would need for the average auto damage. You will no longer have to worry about putting in a claim because of the fear you would raise your rates.
Have a Big Excess Policy
Another great way to be cover is through an excess policy. Your excess policy will cover anything your liability coverage for your auto and home does not cover. Excess policy coverage is a necessity when you have any extra assets to protect.
The average excess policy is about $1 million dollars but $2 million is becoming more common. The more assets you have, the bigger your target should be to cover lawsuits. If you have teenager drivers, you should have a pretty wide umbrella.
You can save on your umbrella when you buy the policy through the same insurer of your auto policy.
Never Buy A Teenager His Or Her Very Own Car
When your son or daughter is a new driver, by all means, do not add a third car to your insurance. The average insurer will assume a teen without a personal car will drive less. Hence, your premium will be lowered. With a third car, (even if the car is not new) the average car annual premium goes up 58% when a teen is added. Instead, put your child on the oldest car you own to save on your premiums. Read How To Keep Teen Drivers Insurance Affordable.
For affordable car insurance, Kennedy Insurance Agency is here to serve your automobile insurance needs.
Read what we have to offer here.
If you have any questions or need professional services, contact the Kennedy Insurance Agency by calling 410-355-1010 or click here today!
Kennedy Insurance has provided Insurance solutions to individuals, families, and businesses for more than 25 years. No matter what type of Insurance you need, we have the knowledge, experience, and markets you can trust. Our Personal and Commercial lines departments can satisfy a broad spectrum of Insurance needs. With a large number of companies to choose from, we shop the markets so that you do not.
Our primary goal is to provide the people of Baltimore, Maryland and its surrounding areas with adequate Insurance at a competitive price, while still providing excellent customer service.