It’s no secret that inflation is affecting almost all areas of life in America. One of the areas that people are noticing the most is gas prices. With gas prices skyrocketing since 2020, insurance premiums are also on the rise! Well, for most providers that is but for some like, Freeway Insurance, affordable auto insurance is still an option.
Car insurance premiums have experienced a jump of about 10% in the past few years. That translates to about $138 a month! And it’s only expected to rise as auto insurance companies are filing for rate increases in 2022. So what can be done to prevent your insurance rate from rising even higher in the next few years?
One of the easiest ways to keep your insurance rates from rising is driving less. Driving just 10% can save nearly $300 a year! If you’re driving less, there is less chance for accidents to occur which will keep your rates down. Driving less is also a great way to cut down on gas costs!
Most insurance providers offer multiple discounts–take advantage of these! Taking a defensive driving course can lead to a 15% discount on your auto insurance! Safe driving and low mileage can also lead to an almost 20% discount overall. Make sure to do your research to make sure you aren’t spending more money than you need to be on your insurance. If your insurance is rising and doesn’t offer discounts you can use, you can also compare insurance quotes to find a better option for you.
Insurance is very important– people shouldn’t be worried about not being able to afford it because of the consequences of inflation. To prevent your insurance rate from rising beyond your means, take steps now to keep your rate low. Learn more about how to combat the effects of inflation on your auto insurance in the infographic below: