Choosing Better Insurance Coverage

Few things are more important than having the right insurance coverage. About ten years ago, I was involved in a near-fatal crash where I experienced traumatic physical and emotional injuries. It was really challenging for me to endure the hospital stay and subsequent physical rehabilitation, but with the help of my medical team and my insurance company, I was able to overcome the challenge and completely recover. This blog is all about the importance of choosing the right insurance plan so that you can get on with your life and enjoy those precious years with your family and your friends.

2 Tips For Lowering Your Auto Insurance Rates

Insurance Blog

Auto insurance is one of the most important investments that you can make, but that doesn't mean that you should not be looking for a way to lower the cost of that investment. Listed below are two tips for lowering your auto insurance rates.

Consider A Low-Mileage Policy

One of the easiest ways to drop your auto insurance rates is to speak to an insurance agent about a low-mileage plan if your annual mileage is lower than average. For example, if you drive less than 15,000 miles every year, then you can often qualify for the low-mileage discount, although the cap on your mileage will vary among insurance companies. 

If you do decide to speak to your insurance agent about switching to a low-mileage plan, then you need to make sure that you stay under the mileage cap. If you go over the mileage cap, then you will lose the discount and have to pay higher insurance rates. 

This plan is perfect if you work from home or have retired, since commuting to work is one of the biggest contributors to your mileage every year. You can also consider low-mileage insurance plans for any additional vehicles that you may have and are not planning on using as your primary vehicle. For example, you can choose to go with a traditional insurance plan for your main vehicle that you take on road trips and go with a low-mileage plan for your second vehicle that may only be used for running errands around town and shorter commutes. 

Allow The Insurance Company To Monitor Your Driving

Another way to lower your auto insurance rates is to allow your insurance company to install a monitoring device in your vehicle. This device will monitor such driving habits as your average speed and the times of the day that you most frequently drive. The purpose of this device is to allow your insurance company to create a usage-based insurance plan that is customized solely for you and your habits.

In most cases, this type of usage-based plan will result in lower insurance costs for you, especially if the monitoring device reports that you have good driving habits, such as not speeding or braking hard all the time. In addition, some insurance companies may even offer a discount just for enrolling in one of these plans or just for installing the monitoring device in your vehicle.

Contact Mid-Alliance Insurance Associates LLC or your insurance company today in order to discuss what you can do to lower you auto insurance premiums or qualify for a discount on your policy. Signing up for a low-mileage policy and allowing the insurance company to check your vehicle usage are both easy ways to lower your auto insurance costs. 


13 July 2016