An Occasional Review of Auto Insurance Policies May Lower Premiums

LOS ANGELES, March 10 /PRNewswire/ -- The average motorist has the tendency of purchasing an auto insurance policy and continues paying premiums without reviewing whether the current coverage listed is still beneficial or if the rate being paid for protection is still competitive; OnlineAutoInsurance.com advises consumers to revisit their policies to ensure that they are not overpaying for coverage or maintaining unnecessary protection.

As time passes so does a driver and their needs; it can be extremely beneficial for policyholders to review and make any necessary adjustments to lower premiums. A common area where motorists can reduce the cost of coverage is to raise deductibles on comprehensive and collision coverage to the highest amount that can be afforded; choosing a higher deductible will usually reduce premiums, but consumers should be sure that the amount chosen can be paid in the event of a loss.

Some individuals may even benefit from dropping comprehensive and collision altogether; if a vehicle has depreciated to an amount where the cost of covering it for physical damage no longer makes financial sense, removing this protection can reduce premiums significantly. The South Carolina Department of Insurance suggests, "On cars with a market value less than $1,000, consider carrying only liability coverage."

Source: http://www.doi.sc.gov/consumer/auto.htm

Shopping around and comparing prices may also be a great way to ensure that a policyholder's current provider is the most affordable as well; occasionally obtaining car insurance quotes from several different companies can help ensure that the best price is being paid for coverage. Insurers' rates differ based on each driver, so if a motorist has maintained a good driving record or even has acquired a few tickets there may be another carrier willing to offer a better rate than who they are currently insured with.

Completing a quote comparison is one of the most effective ways that a motorist can ensure that they are paying the most competitive prices for automobile coverage. By visiting http://www.onlineautoinsurance.com/quotes/ consumers can obtain the rates of various reputable insurers free of charge with absolutely no obligation to purchase a policy.

SOURCE Online Auto Insurance, LLC

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