How To Save On Your Auto Insurance Policy

Car Insurance Savings

The 2015 spring season is here, and while you are planning all of your summer trips, you may be looking for ways to save money. As you start pinching pennies to afford that Hawaiian vacation, take a look at your auto insurance policy to see if you can save money with your coverage. Keep these car insurance savings tips in mind to see when you can save on your car insurance policy.

  • Shut your sunroof – while your car is parked, make sure that your sunroof is completely closed. If you leave it open and a sudden spring rainstorm hits, you will most likely be left paying for the damage to the interior of your car out of your own pocket, especially if you do not have comprehensive coverage.
  • Figure out how much you drove – if you have cut down on the number of miles you drive each year, such as if you retired or started working from home, you may be able to drop your premiums. The less you are on the road, the less likely you are to get into an accident, which may help to keep the cost of your policy low.
  • Raise your deductible – increasing your deductible is a great way to lower your monthly payments. Keep in mind that your deductible is the amount that you will have to pay out of your own pocket before your coverage kicks in, so make sure your deductible is something that you can actually afford.
  • Look for discounts – the more discounts you qualify for, the more money you can save. Ask your insurance agent if there are any discounts that you can qualify for but are not already taking advantage of.

Contact The Insurance Shop in White Bear Lake, Minnesota for all of your car insurance coverage needs this season.

How a Teen Driver Will Affect Your Auto Insurance

Driving Car

Cost of Teen Drivers

If you have recently added your teen driver to your auto insurance policy, you know what a difference it meant for your premiums. If your teen is getting their license soon, get your wallet ready. The cost to add your teenager to your auto insurance policy can more than double your auto insurance rates each year.

The reason that you will see a huge increase in your premiums is that insurance companies rate teen drivers as some of the riskiest drivers on the road. According to the Centers for Disease Control and Prevention, the crash rate per mile driven for 16 to 19 year olds is four times higher than the same risk for older drivers. Teen drivers who are 16 years old are the riskiest drivers, and have a crash rate of two times higher than teens 18 to 19 years of age.

One study compared auto insurance rates from 10 different cities in each state on a 2014 Honda Accord. The study quoted auto insurance rates from a 40 year old male investing in full coverage, and then the same policy for a 16 year old male. The study showed that on average, the auto insurance premiums rose 152 percent across the country. By adding a teenage girl to the policy instead of a boy, the rates only rose, on average, 129 percent.

When looking for the right auto insurance policy for your family, contact The Insurance Shop in White Bear Lake, Minnesota. As an independent insurance company, we will work with you to ensure that you have the right amount of coverage, all at the right price.