Consumer Alert: How to Save on Auto Insurance

Hartford, Conn. (WFSB) – Throughout this month, we’re giving you ideas on how to save and make money in these challenging economic times.

We’ve talked about saving on homeowners insurance before, and now it’s time to tip the road with auto insurance.

Running Victor Auto Body Works in Middletown for almost 70 years means Tyler Rok doesn’t just hear the roar of engines all day long.

He has also asked every imaginable question about his customer’s auto insurance policy.

“When they leave us, 9 out of 10 times they ask which insurance company to go to next because certain insurance companies have a lot of things that are not disclosed until you have an accident. ,” says Rok.

Rok won’t tell you which company to choose, but along with other experts, they’ve shown you how to get the coverage you need while saving money on your monthly premiums.

Shop and see reviews:

First tip: do your research and pay close attention to reviews.

“Before we make a decision, we look at Consumer Reports and BBB to see what complaints a particular insurer receives,” says Rok.

Compare rates and consider which car to buy.

Loretta Woters of the Insurance Information Institute likes to compare rates each year, especially before buying a car.

“There are certain cars that are more expensive to fix, and there are cars that are stolen more often,” says Waters.

For example, the 2000 Honda Civic and the 2004 Honda Accord.

According to the National Insurance and Crime Bureau, these are the cars most likely to get stolen in Connecticut, and they cost more to insure.

Increase your deductible:

One way to lower your premium is to increase your deductible.

“A much higher deductible would probably save you about 20% in premiums,” says Woters.

But be careful. First, find out what coverage your state requires and if you can afford it in the event of an accident.

Here are the CT rules:

Discounts and driver programs:

The good news is that there are various car insurance discounts.

In some cases, you can get a 10-30% discount by signing up for your insurance company’s driver program.

Only if you’re a good driver, says Peter Kochenburger of the UConn Insurance Law Center.

“It literally measures how you drive,” says Kochenburger. “How much do I brake? Do I make more left or right turns? Am I accelerating? They make a game out of it. Okay, if I brake more easily, the premium is even cheaper? That’s it.” I am giving you information so that you can do something.

Tyler Rok says his son has personally seen big savings.

“He went from making about $200 a month at 19 to $160 a month because of his driving habits,” says Rok.

Stop some coverage:

Depending on the model year of the car, it is also possible to withdraw unnecessary compensation.

Collision insurance and comprehensive insurance are often where people make changes.

“Used car prices have increased significantly in the last few years since the pandemic, so it’s something to be aware of,” says Rok.

If your car is worth less than your deductible plus your annual premium, get rid of it.

Collisions and inclusions are never paid more than the car’s value.

“The old adage said that once your car is 10 years old, your agent won’t have to crash anymore. Today the average 10-year-old car is worth over $10,000.” says Rok. “Agencies need a new set of rules that say it’s probably the 15th year they want to avoid conflict. When it comes to about 3 or 4 grand.”

Rental Refunds:

What about eliminating rental coverage?

This is an add-on that provides reimbursement for rental cars if the car is repaired due to a covered loss or accident.

Our experts don’t.

“Most of the time, you can’t save a lot of money.”

As a mechanic, Tyler Locke says that’s where customers need insurance most, but by saving a few bucks a year, you’ll find yourself left with no choice.

“People come in and find out I don’t have a rental,” says Rok.

Roadside assistance:

But when it comes to Roadside Assistance, “If you already have a Triple A card in your wallet for Roadside Assistance, don’t get Roadside Assistance on your car insurance because you’re sitting on the road. Many times.

Remember that the final decision is yours.

“It’s your car. It’s your choice,” says Rok.

If you have any further questions, please contact the Autobody Association of CT. They are here:

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