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How might I reduce my premium if I want to stay with my current insurance company?

There are a number of ways that you might reduce the cost of your auto insurance. You can ask about premium savings if you increase your deductibles. Doing so will mean you pay more out of your pocket should a loss occur, but it will reduce the premium you pay.

There are many other discounts offered by auto insurance companies. For example, some companies reduce your premium if you have certain safety features such as air bags, anti-lock brakes, or anti-theft devices. You may also qualify for a discount if you are a good student, or if you have more than one type of policy with the same company (such as your auto insurance policy and a homeowner or renters insurance policy).

If you have health insurance, ask about coordinating your health insurance policy with your auto policy to receive a discount. You should confirm with your health insurance company that they will pay primary if you are injured in an auto accident. When your policy is coordinated, your automobile insurance will pay secondary for all reasonable expenses not covered by your health insurance coverage. You may not coordinate if you have Medicaid, Medicare, or a Medicare supplement policy.

Finally, ask about group discounts the company offers. Membership in some associations or groups might lower your premium.

For more information, please review the following publications:

Your Guide to Automobile Insurance For Michigan Consumers

How to Reduce the Cost of Your Car Insurance

Personal Injury Protection (PIP) Deductibles and Coordination of PIP Coverage Deductibles