Saving money on automobile insurance can be achieved through various strategies. Here are some tips to help you reduce your automobile insurance costs.
- Qualify for insurance discounts: Pay in full, monthly auto pay, going paperless, good student, anti-theft, airbags, and other safety features can greatly reduce your cost.
- Increase your deductible: You can often opt to increase your car insurance deductible — this means you would pay more out of pocket if you have a claim but, in exchange, pay less for your insurance.
- Maintain a good driving record: Safe driving habits and avoiding traffic violations or accidents can help you qualify for discounts on your insurance premiums.
- Reduce your coverage: Evaluate your insurance coverage to ensure you're not over-insured. If you have an older vehicle with a low market value, you might want to drop comprehensive and collision coverage, focusing only on liability coverage.
- Improve vehicle security: Install anti-theft devices, such as alarms or tracking systems, to reduce the risk of theft. This can lead to lower insurance premiums.
Remember that while saving money is important, it's crucial to maintain adequate coverage to protect yourself and your assets in case of an accident or other unforeseen events.
A & B Insurance Agency Inc has got you covered. We can help you with standard auto insurance, as well as car insurance for collector cars.
When most people think about car insurance, they think about damage to their car. The truth is, car insurance covers much more than just your car.
Given the amount of cars on the road and the distractions drivers deal with every day, the chances of being involved in a car accident are plentiful.
You're at risk every single time you get into your car.
It's important to understand what your coverage options are — not just for your car, but for you and people who may be injured.
Having adequate Car Insurance limits is serious business!
If you were ever involved in an accident and found to be at-fault for someone else's bodily injuries, you could lose everything if you're not properly insured.
What a lot of people don't realize is, having great coverage doesn't necessarily mean having higher insurance premiums.
Because A & B Insurance Agency Inc is 100% independent, we can take your current coverages and compare them with a wide range of insurance providers to see who offers you the best deal possible.
The best part? It doesn't cost you a penny more to use us. We are compensated by the insurance companies directly and work on your behalf to properly cover your needs and exposures.
No two insurance contracts are the same, and while two policies side-by-side might look the same, the fine print behind the cover page can vary drastically from company to company.
This means you need someone who truly understands insurance, like us, to sort through the exclusions and conditions for you, so you can rest easy knowing that you have the best possible coverage at the best price.
Important Auto Insurance Coverage
When you browse through your policy, you may see certain coverages and wonder exactly what they are and why they're on your policy.
Let us clarify a few of the more important ones for you:
Collision Coverage
This is the part of your policy that covers your car in the event you damage the car itself somehow as a result of an accident with a fixed or moving object like another car, a curb, a house, a guard rail, etc..
Comprehensive Coverage
This coverage also protects your car, but in the event that something else damages your car, that is not a fixed or moving object. For example, theft, a rock that cracks your windshield while you're driving on the highway, an animal you might hit and so on.
Property Damage
Suppose you damage someones car in an accident, or a house, or some other property that belongs to someone else. This is the part of your policy that pays the other person for that damage so that you don't have to.
Bodily Injury Liability
This coverage protects your financial interest in the event you injure another party in an accident. This is the part of your policy that pays that other people for their medical bills and expenses. Due to the high cost of medical care, it's dangerous to carry liability limits that are too low. This is something we can help you decide on.
Un-insured & Under-insured Liability
This coverage pays you, in the event that you are injured by another party, and that other party was either driving without insurance or they weren't carrying a high enough limit of Bodily Injury Liability to cover your expenses. This is also a very important part of your auto insurance because you have zero control over how much insurance other people are driving around Florida streets with.
Common Auto Insurance Rating Variables
Age — insurance companies use your age in their overall rating algorithms. Drivers who are under 25 and over 65 typically don't get preferred rates because statistics show that those two age demographics have the most loss frequency and are therefore more at risk for financial loss due to an auto accident
Credit — credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.
Car — the type of car, engine size, safety features, etc.. are all part of determining the rate.
Driving History — your driving record and loss history plays a substantial role in the price. If you have a spotty driving history, or multiple moving violations or accidents, chances are, you won't get a preferred rate until those things are at least 3 years old.
Household — insurance companies underwrite at the household level, meaning they try to judge based on the entire household, what the probability of loss will be. If there are multiple drivers in the house who are under the age of 25, that will impact everyone's pricing in the household.
How to get started with your car insurance quotes
If you live in Florida and are looking for a car insurance comparison, A & B Insurance Agency Inc makes the process of finding the best company and price easy.
We do all the heavy lifting for you!