Reviewing Your Orlando Auto insurance Policy for Possible Savings

We all like saving money – and when it comes to your Orlando auto insurance policy, many of us welcome any savings we can find. And, while bundling your home and auto insurance is one potential way to save, there are other ways that many don’t think about. Taking the time to ask some of the following questions may help.

Do you have more (or fewer) drivers in your home compared to when you enacted your policy?
If you’ve downsized, and some (or all) of your children have left to go to college and no longer drive your vehicle, you may be able to drop drivers from your policy and see some savings. Conversely, if your children are getting older and are driving your car in and around Orlando, auto insurance should be beefed up to protect you and your family from potentially huge costs if an accident were to occur.

How old are your vehicles?
If you have a new vehicle, increasing your auto insurance will help keep repair costs to a minimum if you were to damage it in an accident. While this may incur extra costs in the form of premiums, it could save you out-of-pocket costs in the long run if your insurance doesn’t cover enough. On the flip side, if your cars are older and their value has decreased, you may want to remove your collision coverage to save money on your premium. No, you won’t be able to repair damage to your car, but the monthly savings on your premium ca be put toward a new car.

Are you earning more (or less) money?
If the economy has caused you to make less money, you may consider cutting a few ‘extras’ from your policy – even though you drive in an area that’s consistently in the top-ten for traffic accidents in Florida – Orlando. Auto insurance isn’t something you want to go without, but if you can cut a few things like roadside assistance, rental coverage and even raise your deductible, you can save money that can be put toward other important things. And, if you’re making more money, you may want to consider adding extra coverage to your policy.

It’s pretty easy to make money-saving changes to your Orlando auto insurance policy. If you’re unsure of what to do in your current situation, we at Corkhill Insurance welcome you to contact us and discuss your auto insurance policy options.