How To Reduce Car Insurance Costs In Utah: Local Broker Shares Expert Insights

Insurance – it’s the product that nobody wants, everybody needs, and we hope we'll never have to use. But, hey, if you’re gonna pay for it, you may as well make sure it’s a reliable product from a reputable provider, otherwise what’s the point?

Alink Insurance gives us some tips on reducing the cost of your auto policy and explains why Utah residents are better off with a broker who knows the locale.

Do I Need A Broker?

You don’t have to use one, but for impartial guidance on affordable policies for automotive cover and access to a panel of trusted providers, a broker is a great bet. Reputable brokers gather together the most suitable insurance products that meet state requirements and are tailored to your unique circumstances.

Pimp Your Policy

A well-structured automotive insurance policy reduces the high out-of-pocket costs that you can face in the aftermath of an accident, protects you and other policyholders against the financial consequences of damage to persons or property, and ensures you avoid the fines and penalties levied by the state for non-compliant coverage.

Spread The Cost Of Coverage

It's best to go with a provider who offers flexible payment options to help spread coverage costs. Look for concessions for safe drivers and multi-car policies, too. And don’t forget to review your policy once a year to ensure you are getting the best value for money.

Local Knowledge

Getting coverage adjusted to the specific risks and conditions in your local area is really important. For example, Utah County is a place with unpredictable weather and high traffic, which raises the risk of motor accidents and claims, meaning your coverage should reflect these factors.

Common Mistakes

Insurance is expensive enough, so don’t pay any more than you need to, but remember, premium cost doesn't tell the whole story. As such:

• Don’t choose a product based on price alone.
• Don’t forget to take into account life changes such as moving house or adding a teen driver to a policy.
• Take the time to understand your deductibles.

Bundle Up, Baby!

Alink recommends bundling policies with the same provider – for example, home, car, business, and life insurance. You’ll often get concessionary premiums for bundling multiple products.

“When you combine Home and Auto Insurance, you may also qualify for extras like a single deductible (when your home and car are damaged as a result of the same event), the ability to manage your insurance with one access point, and saving money with discounts for each policy.”

So, if you’re ready to renew your auto insurance or insurance for anything else, consider reaching out to your local broker!