How to Reduce Your Car Insurance Premiums in New Jersey

How to Reduce Your Car Insurance Premiums in New Jersey

How to Reduce Your Car Insurance Premiums in New Jersey

Sometimes, life can be unpredictable. Here, at Strategic Insurance Agency of Livingston, New Jersey, we would like to help you with those unpredictable times. Choosing the right insurance policy will assure protection over your financial future. After all, we all enjoy saving money, right?

Here are 5 ways you can reduce car insurance premiums:

1. Lower Car Insurance By Driving Safer and Less Often

Generally, the more you drive, the higher the chances you’ll be in an automobile accident. By choosing the drive less often by maybe carpooling or taking public transit when you can, the least likely you will be in an accident. You can also drive safer by being more vigilant and watching your surroundings while driving. Drive the speed limit to avoid traffic citations. The longer you drive without citations or accidents, the lower your premiums will be.

2. Compare Insurance Cost Before You Purchase a Vehicle

There are certain makes and models of vehicles that carry a higher insurance risk, say a red sports car for example. By choosing the right sort of vehicle with a higher safety rating, you can save on your premiums. The year of the vehicle can also make a difference.

Also, choosing a vehicle with lower mileage can save you money. A good rule of thumb is that if your older car is worth less than 10 times the insurance premium, having collision and/or comprehensive coverage may not be the most cost-effective choice. Looking into the value of the car is a good way to know what your car is worth.

If you are trying to choose a vehicle based on the insurance premiums, a Strategic agent would be happy to assist you and give you some insight on how to save money on your insurance.

3. Save by Having Multiple Policies

Did you know that the more policies you have with us, the more you can save? That’s right! We also carry homeowners insurance, business insurance, and also life insurance. There are also additional savings by adding multiple vehicles.

4. Choose a Higher Deductible Rate

Choosing a higher deductible rate can lower your monthly premiums, but can also increase your expenses in the event of an auto accident. The deductible is the amount of the covered loss you agree to pay before the benefits of your policy are activated.

5. Maintain a Good Credit History

By establishing a solid credit score, you can reap the benefits in your insurance premiums and may even lower your insurance costs. Many insurance companies use credit information to price auto insurance policies because research shows that people who effectively manage their credit make fewer insurance claims. To be sure you are getting the good credit you deserve, it is a good idea to check your credit record on a regular basis to make sure all the information is accurate and up-to-date.

You can also ask your agent about additional discounts. Safe driver discounts, multiple vehicle discounts, good student discounts, and accident forgiveness are all examples of discounts you could use to save even more on your insurance policies.

Call us Today

When you are ready to get an auto insurance quote, call us at Strategic Insurance Agency here in Livingston, New Jersey. We have agents ready to take your information. We can start saving you money right away on your auto insurance premiums. Affordable auto insurance doesn’t have to be that far out of reach and we are pleased to help you find a policy that is in your budget. We are looking forward to speaking with you.

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