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Ask about discounts
Getting discounts is a great way to save. Ask your car insurance company if it offers discounts for:
- Driving fewer miles.
- Maintaining a good driving record.
- Setting up automatic payments and going paperless.
- Signing up for a driving monitoring program.
- Certain occupations or group memberships.
Your company should sign you up for the discounts you qualify for but ask to make sure they do.
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Look at your deductible
A deductible is the amount you pay before the insurance company will pay a claim. Switching to a higher deductible can lower your insurance premium.
But remember, a higher deductible means you’ll pay more out-of-pocket if you do have a claim. Think about how much you can afford to pay if your car is damaged.
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Review your coverage
The various coverages in your policy add up to your total premium.
- If you have collision coverage on an old car that's paid off, make sure the car’s value is worth more than what you’re paying for that coverage.
- If you have gap coverage on your car, you can cancel it when you owe less than your what vehicle is worth.
- Tell your insurance company if you’re working from home and no longer driving to work. They might offer a pay-per-mile policy that would save you money.
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Shop around
Companies charge different rates and the company you’re with might have raised your rates. Companies want your business, and you often get discounts as a new customer. Start by getting sample rates at HelpInsure.com.
Check how much insurance costs before you buy a car. Some types of cars are more expensive to insure.
Remember: A good price is only a bargain if you also get good service. Call the Texas Department of Insurance (TDI) Help Line at 800-252-3439 to check a company’s complaint record before buying a policy.
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