Probably you can only say you really saved money when you manage to get the same or more coverage for a lower premium. This could happen in several ways. For example, changes in circumstances may require a little more car insurance but there may not be much room for price increase. So, if you can get the additional protection for free it would be same as getting a little discount.
Also, it is normal to feel that you should see the rates coming down a bit, especially if you haven’t made a claim for some time now. Alternatively, you should be rewarded with freebies like Accident Forgiveness after four or five years of loyalty. There are a few ways of reducing the expense without losing the protection or vice versa.
Looking around for lower auto insurance quotes is the easiest way of relieving the budgetary pressures caused by expensive premiums. There could be another similarly nice carrier that offer better prices or coverage. Neither the prices nor packages offered are the same from one company to another. Comparing the rates is always a good idea even when you are not looking to switch. One way of attracting new policyholders is by coming up with special packages and you may be able to grab one of them.
Failing that, you can look at other options available. The first one is to increase deductibles. Generally, premiums come down when the deductibles increase. This is a good way of keeping the coverage you like or adding to it. The downside to it is that you will be paying a larger sum out of pocket if you have a claim. You need to assess the likelihood of it and the size of savings can be obtained and decide if it is worth the extra risk.
The second option is to see the mileages you covered last year and assess how many miles you will do next year. If the mileage is down you can ask for a discount and probably get it. The chances of accidents go down when the car is parked safely at home. Next you should look at the current value of the vehicle insured. If it is lower than listed in the policy you could bringing it in line with the actual value and see if it makes any difference. They only pay the market valuation anyway. Economizing on the parts you do not need will spare some cash to buy what you need.
A good alternative is to talk to an agent and ask for suggestions to bring the cost of insuring automobiles down. Often there are special offers to take advantage of. For example, taking an online safe driving course can reduce rates. This could be offered free of charge by your current carrier. There is no need to be shy about it. You should just pick up the phone and ask how they can help you cut the cost. You are not the first person to do that and they should have the answers already.
Furthermore, you can ask for straight discounts. If you are a good customer with no claim and paying promptly there is no reason why an agent wouldn’t be willing to look into sharpening the pencil for you. Companies are known to cut the costs a bit when they are cornered by a competitor.
When a policyholder is likely to leave because of a better deal somewhere else agents can match automobile insurance premium on the table should they wish to do so. If you are only asking little extra for free they may be more inclined to oblige. Ask and you may be given. Don’t try and you will never know what you can get away with.