Are you preparing to invest in a new auto insurance policy soon? Here are a few important things that you should do while you're at it:

Ask for a Complete List of Discount Opportunities

It is a good idea to ask the insurance company you're working with for a complete list of discount options that are available so that you can make sure you don't miss out on any money-saving opportunities. Don't rely on the discount options listed on their website because they may not be exhaustive.  

You may be eligible for discounts due to having a good driving record, being a veteran, or even getting good grades in college just to name a few opportunities some insurance companies offer.  The only way you will know is to specifically ask the company you're working with. They may offer discount options, but that doesn't mean that they want to advertise them. After all, the more discounts the company gives away the less money they make.

Consider Choosing a Higher Deductible

You should also consider choosing a higher deductible for your insurance plan if you have a good driving track record. Of course, anything can happen, and accidents are never premeditated. However, if you make it a point to be a conscious, safe, and defensive driver on the road, your chances of getting into an accident are slim.

Therefore, you may as well choose a higher deductible that you have a small chance of having to pay due to an accident and save yourself some money on your monthly policy fees. Most insurance companies will reduce your overall policy cost if you choose a higher deductible because they won't be out as much money if you do end up getting into an accident so they're essentially passing some of the savings they project onto you.

Look into Automatic Payment Options 

If you plan to make payments on your insurance premium as opposed to paying one lump sum, you should ask your insurance company about automatic payment options. If you set up an automatic withdrawal from your bank account or a credit card, you could be eligible to save a little money each month. For example, some companies wave their processing fees when customers sign up for automatic payments, which can save those customers $5 or more each month. The savings can really add up at the end of the year and could be better used on things like gas or maintenance.

For more information, contact a company like LH Griffith and Company.