How To Lower

How to Lower Your Insurance Costs

An auto insurance policy is a package of six different types of coverage each with its own premium. A motorist can eliminate certain types of coverage although most states require that at least coverage for bodily injury and property damage be carried. The six types of coverage usually found in an insurance policy are: liability insurance, collision insurance, comprehensive coverage insurance, medical pay or expense insurance, uninsured motorist, and UIM insurance, no-fault insurance, or personal injury protection under no-fault insurance. There are many types of claims that can increase your insurance rates after an accident. A bodily injury claim is the type of claim that will increase your insurance premium the most. This is because these claims are costly for an insurance company. Alternatively, comprehensive claims are known to have the least impact on insurance rates. These claims are associated with minor repairs. Sadly, it does not matter if you were at fault or not in an accident. Every accident will have an increasing impact on your insurance rates unless you were offered a discount for accident forgiveness. However, there is a difference in the incremental increase between a fault driver and a driver with no liability. Even in cases where your insurance company offers, it doesn’t mean that you will find yourself without an increase at all. As the insurance provider seeks to increase your premiums after a car accident, it is beneficial to be equipped with the right knowledge that will help you counter this. You may not stop the incremental rise of your insurance rate, but you can do your best to get the lowest insurance premium rise possible. This will be very helpful to you if you do not qualify for accident forgiveness from your insurance company. In such a case, there are some tricks that you can use to control the rise in your insurance premiums. 

Improve Your Credit Score: improving your credit is a sure way of reducing the rise of your insurance premiums after a car accident. You should address any credit issues with your insurance provider on time to avoid any issues. 

Raise your deductible: by raising your deductible it means you can settle significant expenses before the insurance company has to step in and pay out on a claim. The result is that by increasing your deductible it will lower your premiums. 

Discounts: As you sit down with your insurance company to negotiate an increase in your insurance rate, try to be aware of any discounts that can be applied. If you qualify for some discounts, this will certainly reduce your insurance premiums. 

Reduce Your Insurance Coverage: Lowering your insurance coverage is another great way of minimizing the effects of any increase in insurance rates after a car accident. By doing this, it will require you to understand the minimum insurance requirements in the state of Florida. 

Contact Our Miami Accident Attorney Today 

Did you recently get injured in a car accident? If you happen to find yourself in this situation, you probably have a lot of questions regarding insurance coverage, the insurance claims process, and what you should be doing in the days, weeks, and months after an accident. At Suarez and Montero, we have all the answers to your legal questions. We can also assist you in obtaining compensation for your injuries after a car accident if you were a passenger in the accident. Our attorneys are ready to provide proven legal representation and stand ready to protect your rights. We are available 24/7 to give you a free, no risk case consultation! At our firm, our policy is that if you don’t recover compensation, you won’t pay any fees for our services. Not to mention, we also provide free case consultations where we assess the circumstances surrounding your case and give you an objective overview of what steps you can take going forward if you decide to act against the party responsible for your injuries. For over 20 years, we have delivered quality legal representation for people who, through no fault of their own, have been injured in all types of accidents and incidents. We are available 24/7 to give you a free, no risk case consultation. 

We serve clients throughout Florida including those in the following areas: 

Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester. 

Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.