Some people might find auto insurance confusing, since it is comprised of so many different elements. However, once you understand that an insurance company generally bases prices on risks, it's easier to know how you can control rates to some extent with good driving behavior. You can further lower your rates by determining if you qualify for discounts. Here are 4 ways in which you can lower your auto insurance premium.

1. Multi-policy Discounts

One way to get a lower car insurance premium is to bundle more than one policy. Insurers offer multi-policy discounts, such as for people who own a car and motorcycle. Other combinations might include auto and life insurance. Keeping multiple policies under one umbrella makes the planning of budgets and payment of premiums much easier. If you have a large family, multi-policy discounts can help you save a lot of money on insurance. The more unique and valuable items you own, the better off you'll be with bundled insurance plans.

2. Raise Your Deductible

Another way to a lower car insurance premium is to raise your deductible, which is the amount you pay out of pocket before the coverage kicks in. Usually, a higher deductible means a lower monthly premium, which means you will be paying more on your own if you file a claim. Hence, make sure to determine the amount of deductible you are willing to pay based on your risk management strategy.

3. Maintain Your Vehicle

By taking care of auto maintenance problems as they happen, you can keep your vehicle in good running condition. Staying up-to-date with auto issues will reduce the chances of a breakdown, in which case you may need to call a tow truck. Usually, fixing problems right away lowers overall repair costs and lowers the risk of an unexpected breakdown. Maintaining good vehicle health is also an irreplaceable key to safety that reduces the risk of accidents and related damages. The more you focus on safety and defensive driving while avoiding distractions, the safer you will be as a driver. So always be aware of the condition of your engine, brakes, lights, and other components. As soon as you hear squeaky brakes, make sure you have them inspected by a certified mechanic, thus preventing unwanted accidents.

4. Review Your Policy

Looking over your policy from time to time will keep coverage details fresh in your mind. Ask yourself if the coverage is up-to-date with your needs, which may change over time. Although no one plans on getting in accidents, they can happen anyway, so it's best to be prepared for the worst. Talk with an insurance agent to find out if you need extra coverage for any of your concerns. Many drivers don't bother with details on insurance coverage because they believe that they'll never be involved in an accident. They may also assume that their minimum coverage takes care of everything, including a tow truck when they need it. However, all insurance plans have their own specific limits, so it's always good to have a clear understanding of what your policy covers. Be clear on your coverage limits so that you aren't surprised when it's time to file a claim. Understanding your limits will help you choose the right policy, which will give you peace of mind. These are some of the ways in which you can reduce your auto insurance premium. If you have additional questions about your car insurance coverage, contact the experts at East End Insurance Agency today. We are ready to offer assistance for all your insurance needs.