5 Tips to Maximize Car Insurance Value

December 21, 2011||inPersonal Insurance|auto insurance, deductibles, personal insurance, savings


Wayne Texeira, Marketing Director, CFMP, AINS, AIS, API

I don’t know anyone who doesn’t like to save money. Have you ever stood in line at the grocery store behind the customer with a lot of coupons? Watching their grocery bill decrease with every beep? It’s great to be so organized, but I can’t seem to manage coupon clipping.

5 Tips for Better Value on Your Car Insurance
Click here to submit an inquiry to Murphy Insurance or call us at 800 222 8711

Luckily, saving on your car insurance and maximizing your coverage is not as complicated. You can save without skimping on the coverage by taking a few minutes to review your coverage. Here are some key points that can help you get the biggest bang for your insurance buck.

  1. Take advantage of discounts- Consolidating coverage with one company usually provides savings on both your auto and home/renter policies. Discounts are also available for multi-vehicles, good drivers, good students, students away at school, anti-theft, auto club, low mileage, etc.
  2. Increase your deductible- A lower deductible reduces out-of-pocket costs in a claim, but increasing it from $300 to $1000 can save hundreds each year.
  3. Use EFT or pay in full to avoid fees- While installment payments can help a budget, the service fees can add up. Using EFT often reduces or waives fees.
  4. Know what your car is worth- Compare the value of your vehicle to your deductible and cost of coverage. It may not make sense for older cars to have collision damage coverage if your car isn’t worth much.
  5. Compare options- Every insurance company is unique in setting insurance rates. Find an agent (like us) who works with multiple insurance companies and compares options between companies for you. It’s not just about price…it’s about balancing price and solid coverage to protect you in a significant claim.

Read Other Blog Posts

Toast

Holiday party etiquette & serving alcohol

Read more
What is Your Jewelry Worth? When Should You Update Appraisals?

What is Your Jewelry Worth? When Should You Update Appraisals?

Valentine’s Day approaches, often marked by the exchange of jewelry as a symbol of love. While insuring every piece may not be practical, it's advisable to consider insurance for expensive items, particularly those worn frequently.
Read more
Car on road

Gap Insurance

Car owners often assume that if their car is totaled, it will be replaced at the amount they paid, or at least the amount they owe. However, that’s not always the case — learn why and what you can do to protect yourself.
Read more
Car outside of garage

Vehicle Storage Tips During Winter

As winter approaches, it’s time to think about safely storing your recreational vehicle to avoid damage from the harsh weather and roads. Utilize the following guidance to properly prepare and store your vehicle this winter.
Read more
Car stopped for pedestrian

Quiet Vehicles and Pedestrian Safety

Electric cars continue to make headlines, but anyone who’s had such a vehicle sneak up behind them while on foot knows how quiet they are. These vehicles, along with hybrid cars, run much more quietly than gas-powered cars—posing a serious risk to unaware pedestrians.
Read more
Wood-burning Stove

Wood-burning Stove Safety

The top source of fires in American homes comes from fuel-burning appliances—such as a wood-burning stove. Consider the following guidance to ensure safe operation of your stove—keeping you, your family and your home protected against the risk of a fire.
Read more
Outside lightbulbs

How to Reduce Winter Utility Bills

When outside temperatures begin to drop, one of the most costly consequences is the increased energy it takes to maintain a comfortable home temperature. With this in mind, consider these tips to reduce your monthly utility bills in the winter.
Read more
Car in snow

Tips for Driving in Extreme Weather

Driving in adverse weather conditions can be downright nerve-wracking. It can also be very dangerous. Being aware of how to modify your driving during heavy rain, snow and fog can help you stay calm and safe during your journey. Consider the following tips when driving in extreme weather.
Read more
Ice Dams

Ice Dams: A Winter Challenge for Homeowners

Read our blog post, Ice Dams: A Winter Challenge for Homeowners for some great tips on preventing ice dams and what to do in the case of ice dams on your roof. Ice dams are more than just an inconvenience—they can cause significant damage to your home. While prevention is the best strategy, ice dams can still form despite your efforts, so having a response plan is crucial. Ice dams occur when attic air warms to above freezing, causing snow on the roof to melt. As the water runs down the roof and reaches the colder edges, it refreezes, creating an ice dam. These dams block water from draining off the roof, causing it to pool and seep under shingles, into the attic, or along exterior walls.
Read more

Visit Our Auto Insurance Page

Auto Insurance

At Murphy Insurance, we are here to assist you in obtaining the appropriate auto insurance. Choosing the appropriate auto insurance coverage can be overwhelming. Every insurance company has its unique offerings, making it challenging to compare options effectively. That’s where we shine. We simplify the process by helping you evaluate provider and policy choices, seek out discounts, and optimize your car insurance within your budget constraints. Ultimately, our goal is to provide you with peace of mind, knowing that you and your loved ones are well-protected.