This is the tenth installment of “10 Ways to Save Money on Your Auto Insurance”, which can be downloaded for FREE from www.culbertsonagency.com.
We have saved one of the very best ways to save money on your car insurance for our last eBook tip! Family Plans are one of the most common discounts in the auto insurance world. Almost every insurer has some type of family plan. By adding multiple cars and drivers together on the same policy, you can save money overall.
Restrictions may be different depending on which insurance company you use. Some require that all members on the plan be related. Others might specify that all cars and drivers be in the same location (at least, part-time). Other plans are more lenient. If you have a unique family situation, be sure to describe it in detail when asking about family plan discounts.
While using a family plan, you will notice that your total bill is higher (because you are covering multiple people). When you divide it out and compare to what each person in your family would pay if they had individual policies, you may notice savings as high as 20%. Does it sound unbelievable? It shouldn’t. The exact discount of your family plan will vary, depending on who and what is being covered. Obviously families with teenagers often have an uphill battle because insurance for teens is usually quite expensive (compared to drivers over the age of 25).
Of course, just like with any individual policy, your premiums may increase if someone in the family has an accident or makes a claim. It’s important to emphasize and encourage safe and responsible driving habits in the entire family – especially teenagers. If you are ready to explore the benefits of a family plan, then make a detailed list of price quotes from various insurance agencies. Be sure to compare apples to apples, so you aren’t fooled by a lower quote that is actually just offering less coverage. If you would like to learn more tips on how to save money on your auto insurance, simply click the eBook on the right to download it for free. If you have additional questions, please feel free to contact us online or call 239-210-7700.