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3 Ways To Reduce Your Auto Insurance Costs Without Changing Your Coverage

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As you might already know, there are a few different ways that you can reduce your auto insurance costs. For example, you can raise your deductibles to lower your premiums, or you can skip extras like rental car coverage. However, if you're happy with the coverage that you have right now -- or if you are required by your state or your vehicle lender to maintain your existing coverage -- then you might not think that there is much that you can do to reduce your out-of-pocket costs. Luckily, though, you do have options.

1. Pay Your Whole Policy Premium at Once

In many cases, insurance policies last for six or 12 months. A lot of vehicle owners split those policy amounts into separate monthly payments, however, so that they do not have to spend as much at once. You're going to have to pay it all eventually, though, and you should know that many insurers actually offer a discount if you pay your policy premium in full. Plus, even though your wallet might take a hit at once, you won't have to worry about forgetting to make payments each month or struggling to come up with the cash during tough times. Instead, you'll know that your car is covered throughout the entire policy term.

2. Sign Up for Automatic Payments

Another way that you might be able to reduce your payments is to sign up for automatic billing. If you don't want to pay your premium in full at the beginning of the term, many insurance companies will draft your payments out of your bank account or run your credit or debit card on a specified day of the month. This can be a lot more convenient for you, and some insurance companies offer a discount for customers who choose this option.

3. Call and Ask for Discounts

You don't know what types of discounts you might qualify for if you don't ask. Some insurance companies offer low-mileage discounts if you don't drive much, and others offer younger drivers a discount for maintaining good grades. You could also qualify for a discount for things like being a member of certain organizations or serving in the military. Calling and asking only takes a few minutes and can help you save money if you do happen to qualify.

As you can see, you do not have to change your insurance coverage to save money. These are just three options that you can look into if you are looking to cut costs.  


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