How to Reduce Car Insurance Payments

Video Transcript

"Hi, my name's Seann McWhorter, I'm the agency principal of Insure Right Insurance Agency located in Lehi, Utah. Today we're talking about insurance ins and outs, and specifically how to reduce car insurance premiums. There are many things that you can do to reduce your auto insurance payment. Where to begin -- there's just so, there's a lot. Well, the first thing that you want to do is ask your insurance agent or insurance company for all the discounts that you could possibly be eligible for. There are several different discounts, from safe drivers to good student discounts if you're going to school full time. There are defensive driver courses that if you've taken you can qualify for a discount. There are discounts for insuring your home or your renters insurance with the same company that you purchase your auto insurance from. There are discounts for having multiple cars insured with the same company. There are discounts for being a good driver, for living longer than other people. There are senior citizen type discounts available as well. There are discounts for paying the premium in full, if you have a six month or an annual policy, if you pay the whole amount up front, that can often save you money as well. Many companies today are offering automatic checking withdrawal for your auto insurance. This usually will save you a great deal on your payments as well. I highly recommend looking into that as well. Look at yourself. Make sure that you're a safe driver. Avoid driving over the speed limit. As you get moving violations for speeding or illegal turns or whatever the ticket may be, those will eventually increase your auto insurance premiums. So being a safe driver, being a courteous driver, definitely will help you in the long run keeping your insurance premiums down. If you happen to have a claim or an accident, sometimes it makes sense to discuss with your agent whether it would make sense to turn that claim in. Oftentimes the insurance company would be paying out a very small amount on that claim, and where that claim automatically would raise your rates. So sometimes it makes sense to pay for those claims out of your own pocket. In the long run it will save you money. That's one of the advantages of having an insurance agent is to discuss those things with them."