How can I save money in an auto policy?

  • The premiums differ among companies. The type of vehicle you drive, your driving history, age, gender, place of work, place of residence, and the distance between your home and your workplace are factors that determine the insurance premium.
  • The premiums of a vehicle insurance policy are based on a series of factors - among them, the model and year as well as the expected mileage. The insurance companies are interested in lowering the premiums, but this depends on the previous loss experience they have had with similar vehicles. Most of them have developed advertising to foster more responsible driving, so that the incidence of accidents drops and the premiums are reduced accordingly.
  • There are some ways to reduce the premium cost of insurance policy:
    1. Compare the premiums of a policy with different deductible alternatives. The higher the deductible, the lower the premium would be.
    2. If your vehicle is fairly old, it may not be a good idea to have a high coverage in the collision clause.
    3. The more expensive and luxurious your vehicle is, the higher the premium will be. Keep this in mind when shopping for a car.
    4. Compare different premiums and insurance policies in different insurance companies.
    5. Some insurance companies provide discounts if you have more than one car insured by them.

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We encourage you to consult the following information regarding useful and accessible solutions for you.