3 Secret Strategies to Lowering the Cost of Your Car Insurance 

3 Secret Strategies to Lowering the Cost of Your Car Insurance 

By purchasing a comprehensive car insurance policy, you are not only creating a financial-based backup should damage occur, but are also protecting your assets. The truth of the matter is, though, those comprehensive packages are quite expensive.

The good news is, there are ways to lower the overall amount that you pay for your insurance. In this guide, you will learn the top 3 secret strategies that are quickly being utilized by consumers to lower their costs. 

Secret #1: Take Steps to Reduce Premiums 

Most consumers believe that they should compromise on the coverages of their car insurance in order to reduce their premiums. This is not the case at all. There are plenty of comprehensive coverage packages being purchased that are going at lower rates. You should just take a few steps to take advantage of these rates.

First, have an anti-theft device installed on your vehicle. Next, have an Insured Declared Value placed on your vehicle. Finally, drive safely, renew your policy when it calls for it, and make your payments on time. Together, these steps will work in conjunction with one another to reduce your premiums. 

Secret #2: Avoid Making Minor Claims 

While it is true that car insurance is designed to cover you in the event of some type of accident or incident, it does not mean that you have to make a claim every single time. If you have the capability of covering the cost of any issue that occurred as a result of an accident or incident yourself, you should. Let’s say you have free towing on your vehicle.

If you break down and can afford to have the vehicle towed yourself, for example, you should do it. By having no claims, you will find that when your policy renews that you receive a bit of a discount. Over time, even the smallest discounts add up! 

Secret #3: Avoid Heavy Modifications 

Modifications on a vehicle will help in increasing its overall aesthetic and/or technological value; however, heavy modifications can result in heavy costs on your insurance, too. The standard policy will cover accessories that are provided by the manufacturer of your vehicle.

Anything else will result in the need for additional insurance. Of course, having additional coverage to your policy will result in additional costs. It is best to simply leave your accessories in place. If they quit functioning, simply replace with the same. 

Contact Us Today 

If you are in search of the best car insurance rates, it is important to shop around and compare. This does take a lot of time and patience. We here at Modica Associates know and understand that you may not have the time to focus on this endeavor. That is why we do all of the work for you!

If you want to best rate for your vehicle and your unique needs, we can help by conducting all of the research for you! To learn more, contact us immediately at: 718-855-1836

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