Chicago auto insurance can be expensive, so it is important that you do whatever you can to keep your premiums low. Fortunately, there are several things you can do to reduce the cost of your monthly insurance premiums. Here are some of the ones that can have the biggest impact.
Shop Around
Different insurance
companies have different standards for evaluating drivers, so you could get very different rates from different insurers. That is why it’s important to shop around and get as many quotes as possible to ensure you are getting the best deal.
Only Get the Insurance You Need
You are required to carry liability insurance, but other forms of coverage may be optional. If you have a loan on your car or you have a fairly new vehicle, then you definitely should carry collision and comprehensive coverage. However, if you drive an older car that isn’t worth much, then you can save a lot on your premium by just having a liability policy.
Bundle Your Policies
Your insurance company is likely to give you a discount if you have more than one kind of policy. You can likely save money on premiums by getting your auto insurance and other insurance, such as homeowners insurance or renters insurance, with the same company.
Carry a Higher Deductible
Another way to keep your monthly insurance premiums as low as possible is to increase your deductible, which is the amount you have to pay when you file a claim. For example, raising your deductible from $250 to $500 can save you a few dollars a month without making it a potential hardship if you have an accident.
Keeping your Chicago auto insurance premium low is important, and Accurate
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