I found this article on the Sun-Sentinel web site. It's a quick read and very informative. Consider this advice from industry experts.
Shop around. Too many consumers don't take advantage of the competition among insurers for policies, said Alex Hageli, director of personal lines policy at the Property Casualty Insurers Association of America.
Check for discounts. Discounts can lower rates for good students, senior citizens, people who haven't had tickets in the past few years, and people who work for certain companies or are members of professional or alumni associations.
Consider dropping some coverage. "A general rule of thumb is that if the car is worth less than 10 times what you pay for insurance coverage, it may not be cost effective to continue collision and comprehensive coverage," McChristian wrote in an email.
Avoid extra fees. Don't pay for rental car coverage if you don't plan to use one or for towing coverage if you're a member of an automobile club that provides roadside assistance. If you can pay your premium upfront, you could save on administrative fees that are typically charged for monthly or quarterly payments.
Increase your deductible. This is a particularly good option for people who don't drive a lot and are good, defensive drivers.
Check your credit score. You can check it online for free once a year, Hageli said. Dispute inaccurate information in the report. In the meantime, if you suspect the score is unfairly affecting your insurance premium, ask your insurance company whether it's a factor in determining the premium and if it can be removed.
CALL JONATHAN D. RAUSCH AT FL FIRST INSURANCE FOR HELP AT 561-584-0732. We represent many fine carriers such as Progressive, Foremost, GMAC and many others.
