Three Easy Ways to Save On Your Auto Insurance
It’s well known, insurance is a necessary requirement and is well worth the money should you suffer a loss, but people are always looking to save money without sacrificing protection and coverage.
We are often asked if this can be done and often on a case by case basis we can find some way to assist.
Based on our experience, we would like to provide a quick list of ways people can end up saving big over the course of a year.
First recommendation – if you are currently paying your bills on-line, why not because an e-customer? Many companies provide any from a 2% - 7% savings if you go paperless. You still have your independent agent as a resource, but you help cut down on mailings.
Total Potential savings: The average cost for auto insurance in Massachusetts is $1700 annually – if you receive a 5% discount you would save on average $85 a year
Second recommendation – take advantage of the EFT or automatic payments options. This is a great way to save anywhere from $6 to $10 a month. It is a simple as filling in a form and providing your banking information for an automatic withdrawal. Some companies even let you select which day of the month the money comes out.
Total Potential savings $54 - $90 a year
Third recommendation – pay your bills on-time. If you are enrolled in an eft program, this is one less thing you have to worry about. But if you prefer to pay your bills manually each month, be sure to pay on time. Companies charge anywhere from $15 - $30 for late payments. Imagine if you were charged and extra $30 each late payment and you were late on 6 of your payments, which would be an extra $180. I can think of many different ways to spend $180 that are much more fun J
Total Potential savings: $135 - $270
-if you are chronically late ;-)
So if we add all of these together…you can see that there is the potential to save anywhere from $54 to $300 a year
, without sacrificing any coverage levels.
Now there are also many other options to consider, but the three mentioned here, are the fastest and easiest to implement.
As always, Thank you for reading, have a happy and safe holiday weekend!
is a local Trusted Choice®
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online at www.MysticIns.com
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