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What Will Help Me Save Money on My Auto Insurance in Camdenton?

We have yet to meet a Missouri driver who does not want to save money on auto insurance. This essential coverage is required, but that doesn’t mean that all policies are created equal.

In Missouri, the average driver pays $1,661 annually on auto insurance, which is about $13 less than the national average. It’s important to take this number with a grain of salt. Every driver’s monthly premium is unique because of all factors considered when an insurance company quotes for coverage.

We are not bound to a singular insurance carrier as an independent insurance agency. That means we have a unique ability to sift out the various auto insurance policies and help drivers find the one that will keep them protected on the road and save them money each month. Here are some of the factors we look at when helping save our clients money on their auto insurance.

Driving Record

Driving records can dramatically impact a person’s insurance premiums. Violations can signal to an insurance company that the driver takes unnecessary risks on the road. Something as small as a speeding ticket can add as much as $300 to the annual premium. Car accidents where the insured is at fault can add more than $500.

If you have an opportunity to expunge or keep a violation off your driving record, such as by opting to take an online class instead of paying a speeding ticket, it would be beneficial to take advantage of that opportunity.

Miles Driven

It makes sense. The more you’re on the road, the more opportunities you have to get into a car accident. If you can drive fewer miles, you’ll have a better chance of saving money on your auto insurance.

Driver’s Age

Inexperienced drivers are notorious for making silly mistakes while driving. Often, these silly mistakes can cause some pretty significant damage. That’s why teenagers are usually more expensive to insure. The insurance companies know a higher risk when they’re behind the wheel.

The older you get, the more your premiums could drop. According to BankRate, the national average for insuring a 16-year-old is $7,371, whereas the average annual coverage for a 40-year-old is $1,757. If you’ve not gotten a new auto insurance quote in a few years, it might be beneficial to see if you’re eligible for cost savings given your increased experience behind the wheel.

Credit Score

Insurance companies have found that drivers with higher credit scores tend to file fewer auto insurance claims. This correlation might seem odd, but it’s one of the deciding factors for many insurance companies in how much you’ll pay in your monthly premium. Your monthly auto insurance premiums could decrease if you can increase your credit score.

Your Car

Specific makes and models of cars can cost more to repair. The more expensive your vehicle would be to fix in the event of a collision, the more you’ll likely pay in your monthly premium.

Coverage

There are various types of coverage that you can add to your policy to protect you in a collision. If you want to save money because you don’t often drive, getting less coverage might be an option. Your McGrath agent can discuss your options with you.

Your Deductible

Adding more coverage could increase your premiums, so having a lower deductible could have the same effect. If you want to self-insure to a certain point, having higher deductibles might be the best option to save you money on your auto insurance.

Are You Ready to Save Money on Auto Insurance?

We help you navigate the confusing sea of auto insurance policies. Reach out to McGrath Insurance Group to request a proposal and see how much you might be able to save by making tweaks to these areas.