Getting around car insurance rate increases.
That dreaded letter has finally arrived in your mailbox, the one advising you that your car insurance rates have just increased. The worse part of it is, is that you don’t remember doing anything since the last renewal to cause your insurance rates to increase.
If you can’t find resolution with your insurance company as to the reason behind the increase or to correct an erred increase, here are some ways to get your car insurance rates back to a better level.
Shop for Better Car Insurance Rates
It’s good to shop around for car insurance on a regular basis anyway, but it is an especially good time to shop around when you have just received a car insurance rate increase. When you start, make sure you have your current declaration page in front of you. The one that you just received in the mail that shows your rate increase.
You will need to keep this in front of you so that you know what coverages to get quotes on and how much the price is for each coverage. This is the only way you will be able to accurately compare the rates between car insurance companies.
Cut Coverages for Lower Car Insurance Rates
Another good way to cut your car insurance rates is to decrease your coverage. You can do this by increasing the deductibles on your collision and comprehensive coverages, removing rental car coverage, towing coverage or any other coverages you have that you can get cheaper elsewhere or can pay for out of pocket.
Lower Car Insurance Rates with a Discount Review
When you contact your car insurance company about your increase, you also need to have them check to make sure that you are getting all of the discounts that you quality for. Some of the discounts that were missed could save you quite a bit of money. These include discounts like driver’s safety courses, good student discounts and anti-theft devices.
Most of the discounts that get missed are the ones that can’t be looked up automatically by the insurance company’s data base. So have the agent or customer service rep you are talking to take a look through your policy to see if there is anything they can add to help you lower your car insurance rate.
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