Best Ways to Reduce Insurance Premiums

Best Ways to Reduce Insurance Premiums


It’s safe to say that everybody likes to save money whenever they can. What many people don’t know is that there are ways to save money by doing things you could and should be doing anyway.

Take insurance, for example. While it’s viewed as a necessary monthly expense, it also provides several money saving opportunities. Here’s a look at a few of them.

Bundling services. Many insurance companies offer discounts to customers who purchase multiple services. As such, this is an option that is always worth looking into.

Say you already have auto insurance from a company. Then you move and your new apartment complex requires you to have renters insurance. Obtaining both sets of coverage from the same insurance provider can be a good way to get a discount and save money.

That’s just one combination of policies that can be bundled. Odds are, it’s worth the time it would take to look into it.

Being a safe and courteous driver. The monthly premiums that insurance customers pay are based on risk calculations. Many insurance companies offer good driver discounts. Simply put, if you’ve gone a long time without an accident or ticket, your premiums will be lower.

Hanging up the phone while driving. The advent of cell phone technology gives people the ability to make phone calls from wherever they are—including in their cars.

Several states are passing laws prohibiting the use of cell phones while driving. Distracted driving laws mean that if you’re caught on your phone behind the wheel, you may be ticketed. Those tickets will go on your record and can increase your premiums, especially for multiple offenses.

Shortening your commute and overall driving time. It’s always a good idea to contact your insurance provider when you move. Doing so can often cause your premiums to be lowered.

If you move closer to where you work, you’ll be driving less. The risk calculations that determine premiums also take geography into account. If you move to an area that’s considered safer overall, your premiums could decrease.

Being proactive about risk management to reduce the number of claims you file. There are things that commercial insurance clients can do to decrease their premiums. One of them is to take a proactive approach to risk management.

Work closely with your insurance provider to make sure your bases are covered or any time there are changes to your business operations. Hiring and firing, for example, can pose a series of risks if those processes are not done properly. Good managers will know to get advice from their provider in advance to keep those risks, and the company’s premiums, lower than they could be otherwise.

The highly trained staff at ABI Insurance is extremely knowledgeable about these areas and so many more.

ABI offers free, no obligation quotes for policies to cover your automobile, commercial and other critical assets. Those quotes can be given over the phone or online at

For more information on the products and services offered by ABI, call 503-292-1580 or go to