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Ask the Pros: How to Lower Car Insurance Payments

posted on Tuesday, August 31, 2021

Looking to lower your car insurance rate? You’re not alone. Each year thousands of individuals search for new auto insurance providers in order to obtain better service and lower auto insurance rates. Whether you’re a young driver, have had an accident, or are just looking to learn the tricks of the trade, our insurance experts can help. We recognize that price and coverage are both very important aspects to consider when purchasing auto insurance or choosing to switch. Check out tips from our insurance experts below to learn about the five things you can do to lower your insurance premium.

Tip #1: Lower Your Car Insurance Rate by Bundling Home & Auto Insurance
One of the easiest and quickest ways to lower your car insurance payments is to bundle your home and auto insurance if you haven’t already done so. In addition, the more vehicles or items being bundled together, the lower bundled rate you are able to score! This may include insuring your cars, home, and even other recreational vehicles like ATVs, motorcycles, or boats with the same insurance company.

-Stephanie Brown, Personal Lines Service Supervisor
 

Tip #2: Get Lower Rates by Improving Your Credit
A hidden factor that’s often overlooked by consumers wondering why their auto insurance rate is so high is their credit score. Since credit history has been correlated to the likelihood of filing an insurance claim, insurers often take credit data into account when calculating your rate. If you begin working on building a good credit score, you may notice that your auto insurance premiums begin to drop.

-Michele Baker, Personal Lines Senior Account Manager
 

Tip #3: Ask About the Variety of Discounts for Auto Insurance
While young drivers may be stuck with higher rates, there are plenty of options to help lower the auto insurance rate for students and young adults. These discounts may include good grades, off at college, and more. Others should also consider ensuring their rates are being reviewed for lack of accidents in the past three years, safe driver discounts, and others. I recommend talking directly with an insurance agent so they can get to know your lifestyle and/or family to ensure you’re getting the best coverages at the best rate possible.

-Cham Thammathay, Personal Lines Inside Sales Representative
 

Tip #4: Review Insurance Coverage Amount Needed on Aging Cars
In order to keep sufficient vehicle coverage while maintaining a reasonable insurance rate, it’s important to review the coverage needed on your car while it ages. The coverages you once needed may cost more than your car is worth now. Consider reviewing this with your insurance agent each year to ensure your insurance policy coverages fit your needs.

-Jesse Thomson, Personal Lines Sales Representative

Tip #5: Let your Midwest Heritage Agent do the Insurance Shopping for the Lowest Auto Insurance Rate
While shopping around for insurance can sound like just another thing to add to your to-do list, it’s one of the easiest ways to lower your car insurance. When you choose an independent insurance agency like Midwest Heritage who partners with 15+ insurance companies, we take the hassle out of the equation by shopping around our preferred providers for you.

-Bruce Tiemeier, Personal Lines Inside Sales Representative

Bonus Tip: As you shop around for a new car, don’t be afraid to call your insurance agent and ask how the monthly payment would compare between each car!

Want to learn more about lowering your auto insurance payment? Contact a Midwest Heritage Insurance Agent today to learn how you can join those who switched their home and auto insurance to Midwest Heritage and save an average of $491 per year. Get a quote.