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Top 12 Car Insurance Savings Tips in Pennsylvania 

Nobody wants to pay car insurance premiums until they’re involved in an accident. Suddenly, those monthly payments seem small in comparison to the cost to repair your vehicle, or pay your medical bills. But let’s be honest – when it comes to switching auto insurance carriers or making changes to your policy, everybody loves a great deal. If you can have the same car insurance coverage at a lower price because you’ve taken advantage of savings tips, then why not implement a plan of action to reduce those premiums? Here are the top 12 car insurance savings tips. Are you ready? Let’s begin!

Take Advantage of Discounts

There are a variety of auto insurance policy discounts to take advantage of. There are discounts for accident-free drivers, good students, new cars, and multi-car policies, just to name a few. There are even discounts for buying a new policy well in advance of your renewal date. Be sure to contact a Plymouth Rock representative to get the full list of auto insurance discounts that are available for you. You may be surprised at how many ways there are to save.

Choose Your Car Carefully

Typically, we shop for the new car and then we think about getting auto insurance. Financially speaking, it’s wiser to reverse this process. Contact a Plymouth Rock representative or compare potential prices using Plymouth Rock’s eSales (self-quoting e-commerce site) feature to get quotes on different types of vehicles if you’re interested in understanding the costs before visiting the local car lot. You may be surprised at the cost variance between a few cars in your price range. Even a slight difference in model year can make a noticeable difference.

Combine Your Policies

Do you have more than one car in your driveway? If so, hopefully they’re on the same car insurance policy. If not, you better have a good reason for having separate policies, because you can save a substantial amount of premium by combining policies on a multi-car policy.

Maintain a Clean Driving Record

Your insurance carrier may run a driving history report on you each year to be sure they’re taking into consideration your recent driving record. You get stopped for speeding, or you’re at fault in an accident? You’re probably going to pay higher premiums. PA requires insurers to forgive the first speeding violation, as well as some other minor moving violations, so there’s not always an immediate premium impact. But the bottom line remains: slow down, obey the law and save money.

Guard Your Credit Score

Your driving history report isn’t the only report that influences the price you pay. Many states allow insurance companies to use credit information as a factor in setting rates. Statistically speaking, credit has some correlation with auto insurance risk. Pay your bills, pay them on time and you are likely to be rewarded for it. And if your credit score has potentially suffered because of some kind of error, you may save money on your car insurance by repairing your score.

Increase Your Deductibles

Have you heard of the “deductible-premium seesaw?” Check it out: when you lower the deductible, the premium goes up. The converse is also true: the higher your deductible, the lower your premium. Easy, right? It’s a simple principle, but deciding which deductible to choose while considering your risk factors may not be as simple. Consider how many miles you spend on the road, the value of your car and your budget before deciding on deductibles. Are you willing to, for example, pay the first $1,000 of a claim rather than the first $500? The higher deductible will lower your premium, but you have to be prepared to come up with the $1,000 deductible when you make a claim. A Plymouth Rock representative can provide you with information to help you make the best decision for you and your family.

Pay Your Premium Up Front

Most insurance companies will offer a reduction of premium if you pay your auto insurance premium in full. Most families are on some type of monthly budget, which might make paying an annual premium difficult. However, everyone has a different situation. If you can afford to pay an annual premium, or a full 6-month policy term, as opposed to paying monthly or quarterly, it’s wise to find out what kind of reduced premium is available by doing so!

Bundle Your Auto and Home Policies

Our focus has been on auto insurance savings tips; however, we must mention the policy bundle method. If you have multiple policies such as home, life, disability and auto, find out what kind of premium savings you can get by bundling your policies with the same carrier.

Avoid an Insurance Policy Lapse

So, this one is along the lines of guarding your credit but is more to the point of keeping in good standing with your current or prospective insurance carrier. Mistakes happen, but this is not a good one to make. It’s best to have your premium come out of your account with an electronic funds transfer (EFT) to avoid this. Those with excellent payment records usually have some type of premium reduction available.

Reduce Coverage for an Older Car

Do you drive an older car with high mileage? If so, the value of your car might be low enough to consider removing collision coverage from your auto policy. Collision insurance covers the cost of repairing damage to your car only. If you drive a beater and could afford to replace it if it was totaled in an accident, it might be a good idea to save a few bucks and drop the coverage.

Low Mileage Policy

If you only drive your car a very short distance once or twice a month, you may be entitled to a premium savings with certain carriers. Lower risk, lower premium. It makes good financial sense for both you and your insurance company. For example, if you drive less than 2,000 miles per year on your car, it’s probably time to pick up the phone and ask for your discount!

Special Affinity Membership Offers

 Some insurance companies will offer affinity membership discounts on premium. These are sometimes referred to as “preferred policyholders.” For example, if you are a member of professional associations, cultural groups, chambers of commerce or statewide partners, you may have access to lower insurance premiums compared with an individual that has no affinity group association. Contact a Plymouth Rock representative today to find out how much you can save.

Bottom Line

Again, we want to stress the fact that reducing needed coverage to save money is not wise. However, if you can maintain adequate insurance while reducing the overall cost of premium, you’d be unwise not to explore the potential saving opportunities. So, what are you waiting for? Pick up the phone and start saving today!

Plymouth Rock Assurance is a marketing name used by a group of separate companies that write and manage property and casualty insurance in multiple states. Insurance in Pennsylvania is underwritten by Palisades Insurance Company, Palisades Property and Casualty Insurance Company and High Point Preferred Insurance Company.

Call 855-993-4470, get your free quote online, or find an agent to learn more about car insurance savings tips in PA. Visit our contact us page if you need to call us with additional questions.