SAN ANTONIO – Families with multiple drivers, people with poor credit and those with imperfect track records can really pay the price when it comes to buying car insurance, but there are some ways to lower those costs.
Many Texas drivers have seen their car insurance premiums go up. The insurance industry cites higher repair costs nowadays and damaging Texas storms.
Consumer Reports’ money editor Tobie Stanger said people seeking to buy insurance for a fair price should not be short-sighted.
“It’s not just about getting the lowest premium. You want to make sure you get a company that's going to pay your claim in a reasonable amount of time and gives you good service,” Stanger said.
Buyers should review their deductible next. A higher deductible reduces a driver’s monthly bill, but he or she may have to pay more if they make a claim.
“Just make sure you have enough to pay that deductible if your luck runs out,” Stanger said.
Drivers with low-risk behaviors can ask about discounts for things such as students with good grades, teens who take driver’s education or mature drivers who take a defensive driving course.
A good credit score may also save drivers a few bucks a month. Bundling can also help. Buying auto and home insurance from the same company could mean a bigger discount.
And for those who haven’t compared prices in a while, it can pay to shop around.