When it comes to your insurance premiums, it’s all about what you drive, how you drive, and where you drive.
1. Research your ride
Factors: Your car's make, model, and age
Consider the potential insurance costs before purchasing your next vehicle. Cars that suffer serious damage in collisions, cost more to repair, or are popular among thieves require higher premiums.
Safety features such as airbags, automatic seat belts, and daytime running lights might merit an insurance discount.
Research these many factors at the Insurance Institute for Highway Safety.
2. Save with safety
Factors: Your age, driving record, experience and record of being continuously insured
A seasoned driver with a clean record who maintains continuous liability coverage will pay lower premiums than an inexperienced driver with a couple of speeding tickets.
Maintaining a clean driving record can keep your monthly premiums down, and a defensive driving training course often can more than pay for itself in the form of reduced insurance rates.
3. Know your neighborhood
Factors: Where you live and how many miles you drive each year
A person who drives in the city is more likely to be a victim of auto theft. Someone who drives farther each day, especially during commuting hours, is more likely to get into an accident.
High rates of theft and vandalism in your area will be factored into insurance costs. That's a good reason to research crime statistics at your local law enforcement's Web site before deciding on your next neighborhood.
4. Understand your deductible options
Your deductible has a direct effect on the price you pay for auto insurance.
Raising your collision or comprehensive deductible, even by as little as $250, can lower your monthly premiums. But remember that an increased deductible means you'll pay more out-of-pocket expenses in the event of a loss.
5. Know your credit
Studies show people with good credit tend to file fewer claims. USAA uses credit scores, along with several other factors, to ensure fair pricing for all members.
6. Keep your information current
To ensure you're paying the right amount, you should notify USAA when:
- Drivers change such as when a child turns driving age
- You get a new car
- Your address changes
- The distance you drive to work changes
- Extended times when you will not be driving your car such as during deployment