Auto insurance can be expensive, but it doesn’t have to be. There are ways to lower your premiums and still carry the coverage you need. The insurance experts at American Tri-Star explain a few ways you can reduce the cost of your auto insurance.
Drop Optional Coverage
California requires vehicle owners to carry liability insurance, and lienholders will require comprehensive and collision coverage on financed vehicles. However, rental reimbursement, towing, personal injury protection, and medical payments are optional types of coverage, and you can lower your monthly bill by taking them off of your policy.
Decrease the Amount of Liability Coverage
Drivers with liability limits of 25/50/25 pay less than drivers with 250/500/50 limits. However, you should carefully consider the ultimate cost of decreasing your coverage. Lower liability limits may not be sufficient enough to cover the injuries and damages of others should you become involved in an accident. California requires a minimum amount of $15,000 per person/$30,000 per accident for bodily injury liability coverage and $5,000 for property damage liability coverage.
Increase Comprehensive and Collision Deductibles
Higher deductibles result in lower premiums, but raising your deductibles can result in higher out-of-pocket expenses if accidents occur. Lower deductibles will cost more on a monthly basis but might be a better option if large deductibles result in financial hardships.
Maintain a Good Driving Record
Drivers with no tickets or accidents have lower premiums. Tickets and accidents are underwriting red flags and affect Vista auto insurance rates. As old accidents and tickets drop off, your premiums will automatically decrease.
Purchase a Vehicle That Is Less Expensive to Insure
Theft-prone vehicles, high-performance vehicles, and expensive vehicles carry higher auto insurance premiums. In some cases, the monthly premium can even approach the amount of the car payment itself. Changing to another vehicle can potentially decrease your premiums.
If your Vista homeowners insurance policy is purchased from the same insurer as your auto insurance, a multi-policy discount will likely lower your premiums. Although you might be able to find a better price for one of the policies elsewhere, a multi-policy discount will typically keep your overall rates lower.
At American Tri-Star, we specialize in Vista cheap auto insurance, and we also offer affordable home, commercial, RV, and motorcycle insurance. Give one of our friendly agents a call at 760-758-1600 today for a complimentary quote.