Progressive considers multiple factors when calculating your premium. This often makes it difficult for drivers to pay premiums that they are comfortable with. Perhaps you are currently frustrated with the cost of your monthly premiums. Read on to learn about things you can do to help lower your Progressive auto insurance premiums.
Increase Your Deductible
Increasing your auto insurance deductible will help lower your premium. Increasing your deductible is considered somewhat risky because you will be responsible for paying more money out of pocket if you are forced to file a claim. Increasing your deductible is not recommended unless you have the financial security to cover more money upfront.
Cut Some Of Your Car Insurance Coverage
Most states require drivers to at least carry minimum liability coverage on their auto insurance policies. However, you have the option to reduce some of the other coverage in your Progressive auto insurance policy. Perhaps you have comprehensive coverage, roadside assistance, and personal injury protection in your auto insurance policy. You have the option to cut some of that coverage, which lowers your premiums. However, it’s important to avoid a situation where you are unprotected if an emergency arises.
Adjust Your Payment Options
Changing your payment options is a fairly simple way to lower your Progressive auto insurance premiums. Consider paying all of your premiums upfront, which helps you qualify for a discount. If you cannot pay your premiums upfront, you could lower your monthly premiums by enrolling in autopay. You may also qualify for a discount by enrolling in paperless statements. You will receive all of your policy information online, which helps lower your premiums.
Improve Your Driving Record
Perhaps you have a few violations on your driving record which caused you to be classified as a high-risk driver. Being classified as a high-risk driver will result in you paying higher premiums. It’s recommended that you focus on developing safe driving techniques. Your premiums will start to decrease once you have established a track record of safe driving. Consider taking a safe driving course or going to traffic school to have a violation removed from your record.
You can experience substantial savings if you bundle your Progressive home and auto insurance policies. Progressive home and auto insurance policies can help alleviate stress in the event of an emergency. Having one insurance policy to assess provides a high level of efficiency. Your car, home, and personal belongings will be covered through one policy. If an issue arises, you will only have to contact one source.
Raise Your Credit Score
Drivers who have poor credit are more likely to file an insurance claim. If you have poor credit, there’s a strong chance that could negatively impact the cost of your premiums. Raising your credit score can help lower your premiums eventually.
Snapshot is Progressive’s telematics app that measures your driving ability. If you are practicing good driving by braking properly, minimizing acceleration, and avoiding distracted driving, you’ll qualify for a discounted premium.
Consult With 01 Insurance
Paying high premiums can be overwhelming, especially if you are sticking to a budget. Luckily, Progressive offers multiple ways that you can reduce your auto insurance rates over the long haul. If you have any questions, contact our team here at 01 Insurance, and we will assist you.