Call Us 502-348-5921 ☰ ˟
Logo
Call Us 502-348-5921 to get your personalized insurance quote
  • Home
  • Get A Quote
    • Automobile
    • Bonds
    • Business & CommercialImage of right arrow
      • Group Health & Employee Benefits
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
      • Commercial Auto Insurance Quote
      • Surety Bond Request
    • HealthImage of right arrow
      • Health Insurance Quote
      • Health Instant Humana Quote
      • Health Instant Anthem Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowners Insurance Quote
    • Life
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Update Contact Information for Auto Policy
    • Business & CommercialImage of right arrow
      • Request a Certificate of Insurance
      • Request a Business Policy Change
      • Update Contact Information for Business Policy
    • HealthImage of right arrow
      • Request Declaration and Coverages Page for Existing Health Insurance Coverage
      • Request a Health Policy Change
      • Update Contact Information for Health Policy
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
      • Request a Mortgage Change
      • Update Contact Information for Homeowners Policy
    • LifeImage of right arrow
      • Request Declaration and Coverages Page for Existing Life Insurance Coverage
      • Request a Life Policy Change
  • Claims
    • Other
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About First Insurance Group
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > 4 Tips for Saving on Car Insurance
WEDNESDAY, JUNE 11, 2014

4 Tips for Saving on Car Insurance

Driver Holding Car KeyEveryone is looking for ways to cut costs these days. Ideas like turning down your thermostat and carpooling are commonly mentioned, but don't overlook reducing your insurance rates. Here are four tips to save money on your car insurance.
  1. Raise Your Deductible: You can reduce the cost of your insurance by 15 to 30 percent if you increase your deductible from $200 to $500. A newer car will have a higher savings with an increase in deductible than an older car. This means you will pay more out-of-pocket for repairs if you should get into a car accident, of course.
  2. Remove Extras like Towing and Car Rental: If you do a good job maintaining your car and keeping it full of gas, it is unlikely you will need it towed. Since you are paying an annual fee to cover towing, over the life of the car you will have paid for multiple towings. Therefore, if you do have one tow when you are not covered, you really aren't paying more out-of-pocket than you would have over the years if it was part of your insurance. The same concept is true with the rental cars. You are paying year after year for the potential that you will need a rental car if your car is damaged in an accident. Consider removing that option and just paying directly for a rental or catch a ride with someone else if you find your car needing repairs due to an accident.
  3. Check to Make Sure Your Information is Up to Date: Car insurance companies offer numerous discounts and over time your situation may change such that you now are eligible. For example, if you have married you may receive a rate reduction. If you change jobs resulting in a shorter commute, your rate may change. Also, car features such as anti-theft devices or other safety improvements can lower insurance amounts. Make sure the information your insurance company has accurately reflects your current needs.
  4. Don't Opt for Monthly Payments: Insurance companies often charge you more if you want to make monthly payments instead of paying annually or biannually. Although it may seem like a small fee, it adds up. If you pay $5 extra per month, you are paying $60 extra per year. Instead of paying monthly, put the money aside and pay the insurance company less frequently.

With these four savings tips you can save a significant amount on your car insurance premiums. Talk to your agent about saving today!

Save on the coverage you need. Call First Insurance Group at (502) 348-5921 for more information on Lexington auto insurance.

Also Read: 4 Tips for Saving on Car Insurance

Posted 1:00 PM

Tags: car insurance, discounts, coverage options, saving money, lexington, kentucky, auto insurance
Share |


1 Comments

Derek Dewitt said...
My son can now legally drive, so Ive been looking for a good insurance policy for him. I like your point about raising your deductible can help you save. Ill be sure to check this so he doesnt need to pay more out-of-pocket for repairs. http://www.denverautoinsurancecompany.com/auto-insurance-fix
MONDAY, NOVEMBER 26 2018 2:47 PM

Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014

  • insurance(72)
  • kentucky(58)
  • tips(44)
  • business insurance(42)
  • coverage(32)
  • safety(21)
  • savings(18)
  • auto insurance(18)
  • home insurance(16)
  • somerset(16)
  • health insurance(15)
  • life insurance(15)
  • lexington(15)
  • richmond(14)
  • frankfort(13)
  • first insurance group(12)
  • health(10)
  • virginia(9)
  • bardstown(9)
  • bonds(9)
  • workers compensation(9)
  • nicholasville(7)
  • kentucky insurance(6)
  • general liability insurance(6)
  • commercial auto insurance(5)
  • car insurance(5)
  • lexington business insurance(5)
  • liability(4)
  • surety bonds(4)
  • protection(4)
  • homeowners insurance(4)
  • workplace safety(4)
  • fitness(4)
  • small business insurance(3)
  • security(3)
  • finance(3)
  • back pain(2)
  • trucking insurance(2)
  • lexington health insurance(2)
  • worker's compensation(2)
  • home insurance lexington(2)
  • workers comp(2)
  • winter(2)
  • workers compensation insurance(2)
  • risks(2)
  • flood insurance(2)
  • insurance types(2)
  • medical(2)
  • bop(2)
  • business(2)

View Mobile Version
Contact us
502-348-5921
Quick Links
Home Our Products Customer Service Payment Options Report a Claim About Us Our Carriers Partners Blog Contact Us
Locations

Bardstown

107 Lincoln Way
Bardstown, KY 40004

Phone: (502) 348-5921

Frankfort

Our Virtual Office
Frankfort, KY 40601

Phone: (502) 223-5100

Nicholasville

508 North Main St, Suite C
Nicholasville, KY 40356

Phone: (859) 885-9454

Danville

811 S Fourth Street
Danville, KY 40422

Phone: (859) 236-5192



Twitter Icon Facebook Icon LinkedIn Icon Google Icon


© Copyright. All rights reserved.
Powered by Insurance Website Builder