Report Reduced Mileage
A major cost component in auto insurance is miles driven per year. The average is about 12,000. But if you’ve changed jobs and commute fewer miles, the lower mileage might translate into lower premiums. A new job that’s only 6 miles closer than your old one could reduce your annual commuting miles by 3,000 and cut your annual premium by $50. Let your insurer know if you’ve retired or lost your job; your reduced driving could knock 5 to 10 percent off your premiums.
Choose Your Car Wisely
Vehicle damage is the biggest cost component for auto insurers. So your premiums will vary by auto model. When comparing models, ask your car dealer to show you the “Relative Collision Insurance Cost Information Booklet,” produced annually by the National Highway Traffic Safety Administration, or download the PDF here. The Highway Loss Data Institute also posts data on collision, bodily injury and property-damage liability, and other types of losses by vehicle make and model. Or ask your insurer for premium quotes on the different vehicle models that you’re considering.
Manage Teenage-Driver Risk
Adding a teenager to your policy can hike your costs by 90 percent, on average nationally. After you add a new teen driver to your policy and learn how much your premiums will increase, shop around for a better price for the exact same coverage.
Thinking about purchasing auto insurance? If you have any questions or want to get a quote, get in touch with your UniAmerica Insurance agent today or give us a call at 1-310-835-3373.