Louisiana Auto Insurance Plan
Reader’s Question:
I have purchased a car insurance policy here in Louisiana. Can I still lower my premiums?
Meg
Monroe, LA
I understand that you do want to save money, but bear in mind that your car insurance is there to assist against big losses when you get into an accident. It is really not just for minor incidents.
One way to lower your premiums would be to select higher deductibles. But in doing so, you must also be sure that you have adequate funds in your savings account to pay for the deductible costs if ever you have an accident.
Another thing you can do would be to cancel the coverages that you don’t need anymore–coverages for cars that you no longer finance through a bank or financial institution, or coverage on cars that are old and do not have much value, for instance. You must still be careful, though, because there are some cases that people canceled the coverages that aren’t required and were unfortunate enough to get involved in an accident with an uninsured driver, and they had to pay a large amount.
Finally, you should be aware of the discounts that are being offered by your car insurance provider. You can take safety driving courses, purchase safety and security devices or insure multiple cars with the same provider. You can also declare that you have an accident-free record or that you are a non-smoker, a preferred driver or a retiree. You can discuss with your agent in Louisiana the personalized discounts that you can avail of.