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Here are some Car Insurance Tips to get you started on purchasing
the right form of affordable Car Insurance rate.
1. Shop Around for Cheap Car Insurance-
Car Insurance prices vary from company to company, so it pays
to shop around for car insurance. Get at least three car insurance
rate quotes. You can call car insurance companies directly or access
car insurance information on the Internet. Your state car insurance
department may also provide comparisons of prices charged by major
car insurers. You buy car insurance to protect you financially and
provide peace of mind. It's important to pick a car insurance
company that is financially stable. Some sell through their own
agents. These agencies have the same name as the car insurance
company. Some sell through independent agents who offer policies
from several car insurance companies. Others do not use agents. They
sell car insurance directly to consumers over the phone or via the
Internet.
2. Compare Car Insurance rates to get Cheap Car insurance
Before you buy a new or used car, check into car insurance rates.
Car insurance premiums are based in part on the car’s sticker price,
the cost to repair it, its overall safety record, and the likelihood
of theft. Many car insurers offer discounts for features that reduce
the risk of injuries or theft. These include daytime running lights
and anti-theft devices.
3. Ask for Higher Deductibles on Car Insurance
Deductibles are what you pay before your car insurance policy kicks
in. By requesting higher deductibles, you can lower your car
insurance costs substantially. For example, increasing your
deductible from $200 to $500 could reduce your collision and
comprehensive coverage cost by 15 to 30 percent. Going to a $1,000
deductible can save you 40 percent or more. Before choosing a higher
deductible, be sure you have enough money set aside to pay it if you
have a claim.
4. Reduce Car Insurance Coverage on Older Cars
Consider dropping collision and/or comprehensive car insurance
coverages on older cars. If your car is worth less than 10 times the
premium, purchasing the coverage may not be cost effective. Auto
dealers and banks can tell you the worth of cars. Review your
coverage at renewal time to make sure your car insurance needs
haven’t changed.
5. Buy your Homeowners and Auto Coverage
from the Same Insurer
Many car insurers will give you a break if you buy two or more types
of car insurance. You may also get a reduction if you have more than
one vehicle insured with the same insurance company. Some insurers
cheap car insurance for long-time customers. But it still makes
sense to shop around! You may save money buying from different car
insurance companies, compared with a multi-policy discount.
6. Maintain a Good Credit Record
Establishing a solid credit history can cut your car insurance
costs. Insurers are increasingly using credit information to price
auto insurance policies. To protect your credit standing, pay your
bills on time, don't obtain more credit than you need and keep your
credit balances as low as possible. Check your credit record on a
regular basis and have any errors corrected promptly so that your
record remains accurate.
7. Take Advantage of Low Mileage Discounts
Some car insurance companies offer discounts to motorists who drive
a lower than average number of miles a year. Low mileage discounts
can also apply to drivers who car pool to work. Car pooling saves
YOUR money on insurance i.e. cheap car insurance.
8. Ask about Group Car Insurance
Some car insurance companies offer reductions to drivers who get car
insurance through a group plan from their employers, through
professional, business and alumni groups, or other associations. Ask
your employer and inquire with groups or clubs you are a member of
to see if this is possible. The discounts could be dramatic in some
cases, such as members of the military or police forces.
9. Seek Out Other car insurance Discounts
Companies offer car insurance discounts to policyholders who have
not had any accidents or moving violations for a number of years.
You may also get a car insurance discount if you take a defensive
driving course. If there is a young driver on the policy who is a
good student, has taken a drivers education course, or is at a
college out of the area without a car, you may also qualify for
cheap car insurance.
The key to savings is not the discounts, but the final price. A car
insurance company that offers few discounts may still have cheap car
insurance. |
