How to Save Money on Your Car Insurance Without Losing Coverage

How to Save Money on Your Car Insurance Without Losing Coverage

Feb 04 2021

How to Save Money on Your Car Insurance Without Losing Coverage

women driving her new car and car insurance

Car insurance rates increase for a variety of reasons. As car owner’s ourselves, we know this can be frustrating. It may seem like managing your auto premium is out of your hands.  However, there are several ways you can keep insurance affordable without cutting coverage.  Your local Bearingstar agent is here to review your current policy to see where and how you can potentially save money.

To help you get started, we’ve put together some of the ways you can save money on your auto insurance policy:

Use an Agent to Shop Around

There are many insurance companies to consider, and it can be somewhat difficult to interpret which policy will give you the best deal and coverage. The benefit of working with a local Bearingstar agent is endless, starting with our access to many highly rated auto insurance carriers.

Our agents will not only guide you through the process of selecting coverage but will provide you with a comprehensive and understandable car insurance quote. We’ll see that your auto insurance policy is designed to protect you and your loved ones with the appropriate coverage.

Professional guidance is crucial in helping you select the right automobile policy coverage, deductibles, and limits.  That way you will not be surprised by any bumps in the road should a loss occur tomorrow.

 Discounts

Our insurance agents are discount detectives. We WANT to help you save money, and get you the best coverage for you!  To help get you the best value on your car insurance, most companies offer a wide range of auto insurance discounts.  Are you taking advantage of discounts like multi-auto, hybrid or electric vehicle, good student, or paying your premium in full?

At Bearingstar, when applying for an auto quote, your local agent will help identify all your eligible discounts based on your current location. Massachusetts and Connecticut discounts are available.

Bundling

Another quick and easy way to save money is to bundle your homeowner’s, condo, or renter’s insurance with your auto policy. Most of the insurance carriers we work with offer home and auto insurance bundles, which boast a number of perks, discounts, and unique coverage opportunities. Bundling your coverage is also convenient, as all of your protection can be in one place — and in some cases with one monthly bill.

Raise Your Deductible

When selecting car insurance, you can typically choose a deductible, which is the amount of money you would have to pay before insurance picks up the tab in the event of an accident, theft, or other types of damage to the vehicle. Depending on the policy, deductibles usually range from $250 to $1,000. Typically, the lower the deductible, the higher the annual premium.

By choosing a higher deductible on your car insurance, you can significantly lower your premium costs. Of course, be sure you have enough money set aside to pay the higher deductible in the event you have a claim.

We know the roads you drive because we drive them too. Our agents understand your situation and concerns and are here to help you today! Contact your local Bearingstar agent for a complimentary auto insurance quote today.

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COVID-19 continues to impact our lives daily, we at Bearingstar Insurance Agency are committed to remaining open to service your insurance needs. At the same time, Bearingstar is also committed to the health and well-being of our customers and our employees alike. Therefore, we will be conducting business by phone and email only click here for your local Bearingstar office's contact information