Auto insurance premiums aren’t going down anytime soon, and inflation makes the pinch even worse. But you don’t have to feel powerless. By rethinking your deductible and committing to safe driving habits, you can reduce your costs without sacrificing protection. Here’s how.
Rethink Your Deductible: Don’t Pay for Coverage You Won’t Use
Your deductible is the amount you pay out-of-pocket before insurance kicks in. Too many drivers choose a $500 deductible because it “feels safer.” But let’s be real:
- What’s the chance you’ll have a claim between $500 and $1,000?
- Even if you did, would you file it, knowing a small claim could raise your rates?
In most cases, the answer is no. That means you’re paying higher premiums for a benefit you won’t actually use.
Money-Saving Strategy: Consider raising your deductible to $1,000 or more. This lowers your monthly premium and keeps your coverage aligned with the claims you’d realistically submit.
Avoid Tickets: The Long-Term Cost Killer
Accidents are sometimes unavoidable; that’s why you have insurance. Tickets, however, are completely preventable, and they’re far more expensive than most people realize.
Here’s why tickets hurt more than the fine:
- One moving violation can bump you into a higher-risk profile with your insurance company.
- That leads to higher rates for 3+ years, costing hundreds (sometimes thousands) more.
- The fine is a one-time hit. The premium increase is the real financial burden.
Money-Saving Strategy: Drive mindfully. Tickets aren’t just about paying $150 at the courthouse. They can cost you thousands in long-term insurance premiums.
Focus on What You Can Control
You can’t stop inflation or influence national insurance trends. But you can take steps that keep your own costs down:
- Choose a deductible that matches your actual claim habits.
- Stay ticket-free to avoid unnecessary premium hikes.
- Use insurance for major losses, not minor ones.
These choices put you back in the driver’s seat financially.
Bottom Line
Auto insurance is there to protect you from the big stuff. If you’re thoughtful about your deductible and disciplined behind the wheel, you’ll save money every year while keeping the protection you need. Landsman Insurance Services can help you find the right balance of coverage and deductible for your situation. Contact Landsman Insurance Services today for a free consultation. No pressure, just great advice and friendly service.