What Can I Do to Lower My Auto Insurance Rate?

Lower My Auto InsuranceThe purchase of auto insurance as required by law can be an expensive outlay. It is also one for which Nevada drivers in general pay somewhat higher premiums than do residents of other states. Of course, every Nevada motorist naturally wants to save on these costs without sacrificing coverage. Here are some ways you can do that.

Drive As If Your Wallet Depends on It

The motorist with an excellent driving record is bound to benefit from a lower auto insurance premium. On the other hand, drivers who commit serious on-road violations and involve themselves in frequent at-fault accidents could see a rise in their auto insurance costs.

Decline Unnecessary Coverage

The state of Nevada does not require any motorist to carry collision and comprehensive insurance. If you’ve leased your car or purchased it with borrowed money, you may not have a choice in the matter. Once your car is past its prime, however, it might be best to forego this coverage entirely.

You can find specifics on Nevada’s automobile insurance requirements at the state’s official Department of Motor Vehicles website.

Get a Multiple Vehicle Discount

Statistics show that people who insure two or more cars with the same company tend to submit fewer claims. For this reason, insurance carriers find the multi-car discount to be a cost-effective and relatively risk-free means of garnering business while passing their anticipated savings on to the consumer.

Go Back to School

If you are aged 55 or older, there’s an easy way to garner an auto insurance premium reduction of as much as 15 percent. Just enroll in and successfully complete Nevada’s DMV-approved Mature Driver Program. Once you’ve passed, every insurer in the state has the legal obligation to give you this discount for three entire years if you keep your driving record pristine.

Save on Your Children’s Auto Insurance Costs

It is normally less expensive to add your children and their cars to the family policy. Unfortunately, this can leave you at risk of lawsuits. If you decide to go this route, you can protect yourself by choosing to:

  • Raise your auto liability limits above what Nevada legally requires.
  • Opt for higher deductibles.
  • Elect to cover minor collision costs yourself.

To further defray the costs of insuring underage drivers, many companies offer:

  • “Good Student” discounts for students up to the age of 25 who maintain an average of B or better.
  • “Driver training” discounts for pupils under 21 who successfully complete the appropriate courses.
  • “Resident student” discounts of up to 30 percent for the parents of offspring residing at colleges 100 miles or more from home.

Think “Safety” for Savings

When it comes to preventing accidents or limiting their severity, few automobile insurers can fail to appreciate the talents of auto safety devices. For this reason, most insurance companies offer discounts for cars equipped with air bags, stability controls, automatic seat belts and similar protective and preventative devices.

Protect Your Property

Every vehicle that suffers loss through vandalism or theft amounts to an added cost for its insurer. Anti-theft devices minimize this risk and lower the company’s overall claim costs. The vehicle owner who equips his car with alarms or disablers will benefit from lowered premiums.

Package Your Policies

The person who purchases auto, homeowner’s and possibly an umbrella policy from the same company will often receive a discount on one, if not more, of these instruments.

Reduce Your Mileage

Some insurers offer mileage discounts to drivers who regularly travel short distances, frequently carpool or often take public transportation. If you think you qualify for this benefit, be sure to let your agent know.

Increase Your Deductibles

By raising your auto insurance deductibles, you take a greater portion of the risk onto your own shoulders. This benefits the insurer and will normally result in a reduction of your overall auto insurance premiums.

Shop Around for the Greatest Discounts

When it comes to auto insurance discounts, no two companies will ever be the same. At All Kinds of Insurance, we do the legwork for you to ensure that you receive every discount for which you are eligible. Call 702-534-4697 today to learn of all the ways that we can help.