How to Save on Insurance

Car insurance protects you financially when you are on the road! It’s a love/hate relationship. We love it when we have a bad day and a tragedy outside of our control happens, but we hate it when all is well and it’s time to pay those high premiums!

According to a study on Dave Ramsey’s website, the average driver in 2022 paid $1588 for car insurance! There are a lot of reasons outside your control for expensive premiums, but you can take these steps to lower your car insurance.

1. Ask what discounts are available.
Car insurance companies will offer discounts such as:

• Working certain jobs like a teacher, nurse, or military.

• Good student discounts for good grades.

• Defensive Driver course.

• Bundling home and auto.

• Low annual miles.

These are a few popular discounts I see often, but always ask your independent agent what else may be available based on your qualifications!

2. Shop around.
You are not tied down to a 6-month or annual policy. You are the boss; if you are not satisfied, see what else is out there! This is where an independent agent, such as Mallard Insurance Group, can bring you value. We have access to multiple trusted carriers that we can shop for you. It doesn’t get any easier than that!

3. Increase your deductible and drop coverage you don’t need.
Beware of unnecessary add-ons that increase your rates but don’t offer more value than a good liability, collision, and comprehensive coverage already provides.
An example would be incentive programs that pay you a portion of the premium back only if you meet the guidelines every policy period.
Most of the time, you may be paying an 18% increase only to enjoy a 5% reward. But hey, it made you happy getting that $25 check in the mail, right? Wrong! Pay for what you need and save!

4. Pay your premium in FULL.
I understand we are on a tight budget and coming out of pocket $1500 sounds undoable with all the expenses we have! Quit making excuses; you probably eat out and buy overpriced coffee five times a week. Paying your policy in full can save you around 20%, if not more! The average auto insurance policy is 6 months. Sacrifice starting today and put $50 to $100 a month away. Build your insurance fund so you can pay your renewal in full and continue to keep that discount!

It’s time to audit your policy! Get an independent agent that will be on your side and go to work for you. Call Mallard Insurance Group at 706-780-6009, we are excited to be a part of your family!