Strategy #1 Take a Defensive Driving Course (NYS
Point/Insurance Reduction Course)- Take an approved New York State Defensive Driving Course and you
will receive a 10% discount on your auto insurance major coverages.
Recently these courses became available to take online at your own
pace!
Strategy #2 Combine your Auto & Home Insurance with the
same company-
Multi - policy discounts can potentially save from 5 to 15% on both
your auto and home insurance policies.
Strategy #3 Utilize Higher Deductibles - Remove Comp &
Collision on Older Vehicles-
Many people still carry low deductibles on their Home and Auto
Insurance coverages. However, your insurance rates will be lower if
you carry higher deductibles. The savings gained by using this
strategy can pay for itself in as little as 2 - 3 years, even if you have a
loss with the higher deductible. You may also want to consider
removing Comprehensive and Collision on older vehicles.
Strategy #4 Review your Discounts- Insurance companies offer a wide range of discounts. If you have not reviewed your Auto or Home Insurance recently, you may find new discounts to which you are entitled.
Strategy #5 Reduce your Number of Payments-
Most insurance companies now offer significant discounts if you pay
your insurance bill up front, by Electronic Funds Transfer (EFT) or with fewer payments. Some companies reward customers up to 100/0
for making fewer payments or with EFT.
Strategy #6 Watch your Credit- More and more insurance companies are using an "insurance score" as a factor in developing the rates you pay. An insurance score is
related to your credit score. Checking with Equifax
(www.equifax.com), Experian (www.experian.com) or Trans Union
(www.transunion.com) is a good idea to make sure your report
accurately reflects your actual credit information.
