There are some factors that insurance companies use when determining your rate that aren’t negotiable. They’ll look at things like:
- Your age
- Your marital status
- Where you live
- What vehicle you drive
That doesn’t mean that there’s nothing you can do to lower your rate. Here are three tips you can use to try to lower your auto insurance rate, and put more money in your wallet.
1. Take a Defensive Driving Course. With a New York DMV approved Defensive Driving course you can reduce up to four points and receive a mandatory 10% reduction on your auto insurance for 3 years. All you have to do is take the Defensive Driving course and present the certificate of completion to your insurance company. Courses can be taken in-person or online.
2. Avoid moving violations, and know what to do if they occur. A moving violation is any violation that occurs while your car is in motion. This includes things like driving while intoxicated, failure to signal for turns or lane changes, failing to drive within a single lane, driving over the speed limit, and failure to stop at a stop sign. Moving violations will usually result in a surcharge to your insurance premium if they remain on your driving record. Sometimes you can have a moving violation dismissed by taking a defensive driving course, but that depends on the jurisdiction and the severity of the violation. Alternatively, you may be given a probationary period (also known as a deferred adjudication option), meaning if you have no other violations in a set amount of time, you may be able to avoid having the violation go on your driving record. Following all traffic laws will ensure that a moving violation won’t increase your insurance.
3. Have your insurance shopped periodically. Very few people are excited to shop for car insurance. It’s a time-consuming task that often gets pushed to “next time.” It’s important to know, though, that insurance carrier rates go through what’s called ‘underwriting cycles’ where they each raise and lower rates every few years to adjust for losses. Shopping for insurance when you’re up for renewal helps you to avoid getting stuck with higher and higher rates. You may be able to find similar or even better coverage at a better rate.
Putting more money in your wallet while keeping your car – and yourself – protected isn’t impossible. For more useful insurance guidance, call the Mid-Hudson Valley Insurance Agency at 866.774.0838