Auto Insights | February 2023
Tips for Keeping Auto Insurance Premium Costs Down
Auto insurance costs are on the rise across the country due to inflation, increased claims and rising repair costs. Personal auto insurance premiums are expected to go up 7% during 2023. Therefore, customers like you are looking for ways to lower their insurance costs.
How to Lower Car Insurance Premiums
Here are a few tips to help reduce your premiums:
Increase your deductible. Your agent can help you understand how a larger deductible can lower your premiums.
Ask about discounts. For example, combining your homeowners or renters insurance with your auto policy could lower your premiums.
Get an insurance-friendly vehicle. Cars with higher MSRPs also have higher premiums.
Shop around for lower rates. Switching insurers may lower your premiums.
Adjust your auto insurance coverage and limits. Review your current auto policies and coverage limits with your agent to help offset premium increases.
Talk with your agent to learn more about lowering your 2023 auto insurance premiums.
Are Your Tires Properly Inflated?
Decreasing temperatures trigger tire pressure drops. The correct tire pressure helps your tires grip the road properly, increases your fuel mileage and reduces carbon dioxide emissions.
Here's how to keep your car’s tire pressure at the right level:
Check tire pressure at least once every two weeks.
Check your tire pressure when your tires are cold, ideally when the car hasn’t been driven in several hours.
Find a gas station or service station with an air compressor and refill tires as necessary.
Keep an eye on your car’s tire pressure, even if it’s equipped with a tire pressure monitoring system (TPMS).
Look for the manufacturer’s sticker inside your driver-side door to find your car’s ideal tire pressure.
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