Your Massachusetts car insurance premium is based on your level of coverage and a number of other factors such as where you live, how much you drive, the type of car you drive, how long you’ve been driving and your driving record. Below, we’ve rounded up some of the best ways you can save money on car insurance:
It’s 2017! Why limit your options to the best rate available from a single company when you could have dozens of companies competing to insure you? But you don’t have to do that footwork yourself. At Cochrane & Porter, we can shop our selection of the top insurance companies in the state on your behalf!
Purchase Your Home and Auto Insurance from the Same Company
While shopping from different companies can save you money initially, our recent blog explains how you can save even more money by combining your car insurance with the insurance on your residence.
Maintain Continuous Insurance
Maintaining continuous coverage and never cancelling for nonpayment keeps rates down.
See If You Qualify for Additional Discounts
Many insurance companies offer additional premium discounts, and some may apply to you. These include:
- Low mileage discounts
- Safe driver discounts
- Senior discounts
- Good student discounts
- Advanced driver training
- Anti-theft discount
- Pay In full discount
- Paperless discount
- Motor clubs (like AAA) discount
- Automatic bill pay discount
Choosing Your Limits
Often, people think that higher limits will come with a higher premium. However, drivers with higher limits tend to be more appealing to insurance companies, so the difference between one limit and the next is often very minimal. In fact, sometimes the rate is actually lower if you go up to a higher limit. Also consider taking a look at increasing your Collision and Comprehensive deductibles to lower your premium rate.
Many companies offer at least one Package Endorsement that takes a number of individual endorsements and puts them in a package endorsement that is significantly less than adding all of the endorsements individually. These can include accident forgiveness, loan/lease gap coverage, new vehicle replacement, improved rental and towing coverage, reduced deductibles, personal belongings, pet coverage, accidental airbag discharge, and many more.
Use an Independent Agent
Saving money on car insurance is great, but only if you still have the coverage you need. Some companies will offer what appear to be great prices but the actual insurance barely covers a thing! What’s the point in saving $10 to $20 a month if you’re short thousands after an accident?
At Cochrane & Porter, we’ll be happy to review your current coverage and make sure you get the right coverage for your needs at the right price.
Rest insured. We’ve got you covered.