How to Lower Your Car Insurance Premium Horn Lake MS

Before you make the decision to make changes to your auto insurance policy in order to lower your premium, you should consider the risks involved in carrying bare minimum insurance. If you decide to carry the minimum auto liability coverages required by your state laws, it might not be enough to cover damages to your vehicle (or worse a total loss) and injuries sustained if you are involved in a serious collision.

Allstate Auto Insurance
(888) 355-7971
1501 Goodman Rd W
Horn Lake, MS
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
5960 Getwell RD Ste 212A
Southaven, MS
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1440 E Shelby Dr
Memphis, TN
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
5400 Getwell Rd
Memphis, TN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1910 Exeter Rd
Germantown, TN
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
2905 Windsor Cv
Horn Lake, MS
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1261 Main St
Southaven, MS
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
2362 McIngvale Rd
Hernando, MS
Description
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Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
2265 Park Ave
Memphis, TN
Description
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Phone Hours
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Allstate Auto Insurance
(888) 355-7971
2211 Wood Creek Dr
Germantown, TN
Description
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Phone Hours
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How to Lower Your Car Insurance Premium

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Before you make the decision to make changes to your auto insurance policy in order to lower your premium, you should consider the risks involved in carrying bare minimum insurance. If you decide to carry the minimum auto liability coverages required by your state laws, it might not be enough to cover damages to your vehicle (or worse a total loss) and injuries sustained if you are involved in a serious collision.

In some states, such as Louisiana and Florida, the minimum requirements are as little as 10/20/10 and in other states, such as Maine and Alaska, the minimum requirements are as high as 50/100/25. This means, drivers in Maine and Alaska must carry at least $50,000 of coverage for injury to one person, $100,000 of coverage for injury to two or more people per accident, and a minimum of $25,000 for property damage per accident. Most experts recommend buying 100/300/25 especially if you have assets, such as a house or other investments to protect.

So to figure out just how much auto insurance you should carry, calculate the cost of your vehicle, note any investments and assets, and consider how often you drive. If your vehicle is new or newer, you have investments, and you drive to and from work and other commitments, your risk is higher, so your coverages should be higher. If you own a older or used vehicle worth a few thousand dollars, you drive less than 7,500 miles per year, which amounts to around 20 miles per day, and you are the only driver of your vehicle, your states minimum requirements might be sufficient coverage.

Once you have decided on an ample amount of coverage, contact an auto insurance provider to make sure this figure is enough for your own individual circumstances. Fortunately, once you and your agent have decided on a figure, you can begin discussing discounts. Discounts are the best way to lower your premium without having to skimp on coverage or raising your deductible. Deductible amounts are $200, $500, $1,000, or $2,500. Setting a high deductible amount can help you save anywhere from 15 to 40 percent on your car insurance premium, however, if you set a high deductible, you will have to pay the entire deductible amount out of pocket before the auto insurance company will pay your claim.

The following are some common examples of insurance discounts offered by top auto insurance companies such as State Farm Insurance:

-Accident-free. After three years without a chargeable accident,
policyholders get a 10% break on collision, comprehensive and several other
types of coverage; after six years, the discount rises to 15%.

-Anti-Theft devices. Depending on your state and the type of device, you
could save up to 15% of your comprehensive premium. This discount is
worth checking out before you sink a lot of money into a security system.

-Multiple automobile. Insuring more than one car with the same company
can mean a discount of 15% on most coverage.

-Low annual mileage. If you drive your car less than 7,500 miles a year,
you may get about 15% off.

-Low "damage-ability." That's insurance jargon for a car that's statistically
less likely to result in an expensive claim, either because it's cheaper to
repair or less appealing to car thieves. A typical discount is 10% to 30% off
collision and comprehensive premiums.

-Defensive driving course. If you complete a course sponsored by your state,
you'll often be eligible for a discount, usually around 5%. This discount
frequently applies only to drivers age 55 and up.

-Passive restraints. If your car has airbags or automatic seatbelts, you'll save
up to 40% on some coverage. Antilock brakes will also get you a break
(commonly about 5%) at some insurers and in some states.

-Good student. Discounts of up to 25% are available to unmarried drivers
under age 25 who rank in the top 20% of their class, have at least a B
average or the equivalent, or are on the dean's list or honor roll at their high
school or college. If the student is off at school more than 100 miles away,
ask about an additional discount.

-Age 50. If you're 50 or older with no unmarried drivers under 25 hanging
around the house, you can get 10% off the usual adult rate.

-Non-commuter. Driving less than 20 miles, (in some cases 30) a week to and from work will earn you a 15% discount off the rate paid by drivers who rack up 100 or more miles. If you participate in a carpool, you may also be eligible for a
discount.



For more information about auto insurance and auto insurance laws in your state, visit Auto Insurance Tips or your state insurance department for details.

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