How to Save Money on Your Auto Insurance

Auto insurance rates vary a lot from one insurance company to another. Why? Because every insurance company uses their own formula to assess risk and how much coverage will cost. Therefore, no two insurance companies will have the same exact price for the same policy and can vary by hundreds of dollars. So that is why if you don’t take on the responsibility of comparing rates—you might be overpaying when you don’t have to.

Want to lower your premium? Consider a higher deductible.

The price you pay is determined by the insurance company and calculated by factoring in how much they might have to pay out. If you want to pay more for your own damages by raising your deductible, your insurance company will not have to pay out as much for your claims. This will allow them to offer you a lower premium. If this is something you’re considering, be sure you can afford to pay the deductible if that day ever comes and you need to submit a claim.

Ask Simco About a Discount

Most of our carriers through Simco Capital have telematics devices that will offer discounts for safe driving. These devices plug in to your vehicle under dash for three months and they rate safe driving habits. They can never raise your insurance and offer a discount just for having it. The maximum discount allowed is 30% for really safe drivers.

Other insurance discounts could be obtained through a Driver Improvement Program, homeowner discount, multi-car discount, paperless discount (to save trees and the environment), daytime running lights, anti-theft devices, safety features, and more.

If you have an older automobile that’s has a low value, or you would be ok with paying for a brand-new car, collision and comprehensive coverage may be another place you could save money. Talk to Simco for more info.

What Are You Driving?

Your insurance rates can be affected by the car you drive. Insurance companies analyze data when setting up your insurance prices. Say you purchase a car that costs a lot of money to repair. The insurance company is going to have to fork over more money to get that car fixed. But if the car is rated very high in safety and is good at protecting those inside if there’s an accident, the insurance company won’t have to pay out as much. Other factors such as if the model of your car is likely to be stolen, and the rate at which it would cost to replace it are taken into consideration to either raise or lower the quote you get.

Why Go Through Simco?

Our service is above and beyond what you get at most places. Simco offers free quotes and it just takes the time to gather the first few pages of your current insurance policy and a drivers license number for us to be able to go to work to find you the best possible rate and earn your business. Our insurance specialists go above and beyond just setting you up with your policy. We handle all of the work behind the scenes including canceling your old policy and switching over to your new one for you. Then, we automatically check your plan on an annual basis to make sure you have still have the best plan and rate for you that we can provide.

Contact us today for your free quote!