Cheap Auto Insurance — Seven Tips
You can reduce your auto insurance rates dramatically by compromising the quality of coverage you enjoy. That’s NOT smart. However, you can get cheaper rates for superior coverage if you know the things that matter and take necessary precautions. I’ll show you how…
1. Staying claims-free will result in a good discount. But don’t be surprised if your agent tells you your auto insurance provider does not offer this discount.
If your agent says they don’t offer this discount let him or her know that you will switch to another insurer. With this kind of history getting a far lower rate is certainly very easy since claims-free policy holders are every insurer’s dream.
But more often than not a serious threat of leaving from you is enough to make them shift grounds.
2. You can reduce your premium by going for a multi-vehicle discount. You are only advised to do otherwise if the sum of your premiums with different insurance companies is lower than what you’ll be given with a multi-vehicle discount if you buy from one insurer. You can be sure by first doing a little research before taking this step. Insuring more than one car with the same insurance company will always result in a good discount.
3. A multi-policy discount is a good way to reduce your total insurance spend. All you have to do to qualify for this is to buy your auto policy from the same insurer who is providing, say, your home insurance.
However, care has to be taken because the fact that an insurer offered you great rates for a policy doesn’t mean they will for another. Do some research with quotes sites and then discuss with your agent. You’ll be sure of the best choice in your case if you do this.
4. Who says your credit rating does not affect your auto insurance rates? Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. These insurers claim that they have statistical evidence to show that people who show irresponsible behavior in their finances are almost always reckless on the road.
5. Do your best to always drive responsibly. It’s a good decision to NOT drive at all if you’ve taken alcohol (even if it’s only a sip.
If you’re convicted for driving under the influence (DUI) you’ve said good-bye to cheap rates for some years. Even those speeding tickets eventually add up to make you pay higher rates over time. You’ll do yourself a world of good by obeying all traffic laws always.
6. We all know that no age range pays as much for auto insurance as those who are below 25 years of age. But for drivers who fall within this age group, maintaining good grades at school will help you get better rates.
You have to maintain a grade point of not less than B to get a good student discount. This will attract a discount of about 5 percent. Experience has shown insurers that what makes a student keep getting good grades is a level of responsibility which such students also maintain while driving. It’s quite hard to meet reckless young drivers who maintain wonderful grades.
7. You will save a lot if you really have between 25-30 minutes. Visit, obtain and compare auto insurance quotes from selected insurance quotes sites. The lowest offer should be what you pick easily.
But, you have to go beyond just the cheapest quote to the best price/value. The lowest priced may not be the best price/value for you as an individual.
Tags: Cars