Ask and You Could Receive Lower Premiums

Several factors go into play for setting up premiums for car insurance. Your agent will need to check out your driving record, what kind of car you drive, how safe the car you drive is, your occupation… These components, and a few more, are what needs to be taken into consideration when figuring out what sort of premiums you will have.

Let’s talk about your driving record and how it can help with your premium. Good thing, if you are a safe driver, Farmers has a safe driver discount. The longer you go without any accident’s or moving violations, the lower your premium will be.

Are you looking into buying a new car? Make sure to check out the Top Safety Picks List¹.   This list will help you pinpoint those vehicles that are considered safe and could also lead to a lower premium. Vehicles that have safety features (anti-lock brakes, security system, air bags, automatic seat belts) could help with savings on your premium. Safety for your family and possible lower rates? Not a bad deal.

Teenage driver in the house? How can there possibly be a way to cut cost for that? Well, I’m glad you asked because there is! Good students can account for a policy discount.  If they live away at school, that can also bring a discount as well. You can set up a separate plan for them, but your chances to get a discount are better when you add them to the family plan.

 
Purchasing multiple polices could also result in additional discounts. Add home, multiple vehicles, an RV and you could save on premiums that way as well.  Even a life insurance policy will add to your savings.

Are you a nurse, teacher, firefighter, or a doctor? These occupations and a variety of others could also provide added discounts and bring down your premium. 

You can also choose to go with a higher deductible. Monthly premiums will be lower but it will also mean that in case of an accident, your out of pocket will be higher.

It’s always a good idea to review your insurance annually. Farmers offers a Farmers Friendly Review® where an annual reminder is sent to you, reminding you to meet with your agent to review your policy or policies and make sure your coverage is still a good fit. It also is an opportunity to check and see if there are any new discounts to offer as well.  If there is ever a life changing event, as in a marriage or sending a child off to college, please do not hesitate to call and we can set an appointment to review your insurance at that time as well.

¹ Source: Insurance Institute for Highway Safety, Top Safety Picks. The Institute rates vehicles good, acceptable, marginal, or poor based on performance in high-speed front and side crash tests plus evaluations of seat/head restraints for protection against neck injuries in rear impacts.