Save Money on Your Auto Insurance: Money-saving Car Insurance Tips
Posted by admin at 12:09 | Filed In Auto Insurance Broker
Are you paying too much for your auto insurance? If you believe you are paying too much for your current auto insurance coverage then the following suggestions may help you save money:
1. Shop around
Sure, youve read this tip everywhere but its true. Only by shopping around for auto insurance coverage and getting quotes on premiums from several insurance companies will you be able to know for certain you are getting your car insurance coverage at the best available rate.
When shopping for your auto insurance policy, remember to compare more than insurance rates. Ask about how insurance claims are approved and processed, and how quickly theyre paid. Look into each insurers financial stability (there are independent rating services that can help you with this.) Remember, during times of stress like after an accident you will be dealing with the insurance company and youll want to make sure youll be helped when you need it most.
2. Select a higher insurance deductible
When you file a claim, a deductible is the amount you pay first before your insurer pays the remaining balance. Often people select lower deductibles, so when they have to submit a claim, their out-of-pocket expenses are minimal. But the truth is, the higher your collision and comprehensive deductibles the lower your auto insurance premium. The savings by increasing your deductible to say $1,000 from $250 are significantyou can save hundreds of dollars off your insurance premium.
Of course, the flipside is that if you should have to submit an insurance claim you are responsible for paying the deductible. So select the maximum deductible you can afford to paythe higher the better because the difference in your car insurance premiums will mean more cash in your pocket.
3. Remove or reduce coverage on older vehicles
If your car is getting up there in age, you may want to think about dropping the collision or comprehensive coverage (or both) on your policy. You need to think about this one though - it's not always a clear-cut decision. You need to weigh the cost of the two coverages with the value of your car and your chosen deductibles. For example, if you had a 10-year-old car thats worth about $1000, and your deductible was $1000, the coverage is not actually going to help you.
4. Ask about discounts Most insurance companies offer discounts. While the availability of discounts will vary depending on your insurer, where you live and whether you meet eligibility, make sure to ask if there are any discounts you can take advantage of. The following is a list of a few of the more common discounts (if available in your state, each insurer will have different eligibility requirements):
Multi-vehicle discount - available if you insure multiple vehicles with the same insurer
Multi-line discount - available if you insure your home and auto with the same insurer
Good driver discount - if you have not had an accident or ticket in a long time
Good student discount - if youre a student with good grades, usually about a B average
Safe driver discount - if youve taken and passed an accredited driver safety course
Anti-theft discount - if your vehicle has certain anti-theft devices installed
Safe vehicle discount - if your vehicle has certain extra safety features
Retiree discount - if youve reached a certain age, usually 50 or 55
Low mileage discount - if your vehicle is not driven often
Occupational discount - if you work in a certain field or hold a certain degree
Auto club discount - if you are a member of an auto club, like AAA
Association discount - if you belong to certain associations, like your alma mater
Away-at-school discount if your child is attending school out of town
5. Choose a car that costs less to insure
If youre purchasing a new car and have narrowed it down to two or three options, compare the auto insurance rates of each to see if there is a notable difference in the cost to insure. Remember, insurance rates are more for vehicles with high theft rates and repair costs. If there is a significant difference in cost to insure your first choice car, you may have to reconsider.
6. Drive safely
OK, this one is obvious but true. Drivers with no accidents, tickets or insurance claims almost always pay less for their auto insurance coverage. Your driving record is an influential factor in determining your insurance rate. Tickets and at-fault accidents affect your insurance rates for years. With a less than perfect driving record, you can find yourself paying a lot of extra insurance premium over the years.
Shop online for auto insurance rates Shopping around for car insurance coverage and getting quotes from multiple companies is the best way to know you are getting the coverage you need at a price you can afford. If you think you are paying too much, for any reason, compare car insurance quotes online instantly today.
Three Ways to Save Money on Auto Insurance
Are you sick and tired of paying a fortune on auto insurance? Of course you are but what are you going to do about it. There ...
The Best Way To Get Auto Insurance - Online Of Course!
Looking online for auto insurance has become a notable method of pinpointing the best automobile insurance to suit anyones ne...
Buy Auto Insurance Online and Save
More and more people are beginning to buy auto insurance online, and there are definitely many great reasons for this new car...
Quick Tips To Save You Auto Insurance Money
Here are some useful, little known tips that anybody shopping for auto insurance can use to get good quality car insurance wh...
Auto Insurance Search - How To Save Money
Are you tired of trying to find low cost auto insurance? Looking to find a rate you can afford? Here's some great money savin...
Compare Auto Insurance and Save Big Time
In the past, before the internet revolution, most people found themselves going with whatever their car insurance broker reco...
Best Way To Purchase Auto Insurance Online
Purchasing auto insurance online is highly recommend for lowering your monthly premium cost. There are many good possibilitie...
How to Save on Los Angeles Auto Insurance
If you live in the city of Los Angeles, you may be dealing with Los Angeles auto insurance rates that are getting higher each...
Home Owner Auto Insurance Quote It Is Possible To Save Money!
Did you know that you can help save yourself some money by purchasing your home owner and auto insurance from the same insura...
Auto Insurance Comparison Shopping - Best Rates and Best Companies
Comparison shopping on the Internet has become a worldwide phenomenon. In just minutes you can compare products and prices in...
How To Save Alot More On Auto Insurance Cost?
There are so many people trying to save money on their auto insurance cost by all means due to the inflated gasoline costs. I...
How to Buy Auto Insurance Online - Top Tips for Saving Big Bucks
Looking to buy auto insurance online? Want to get the cheapest insurance rate with the best insurance company? Here's how ......
Cheap Auto Insurance- 5 Tips To Getting The Cheapest Auto Insurance
If you have been in an accident, received a ticket, or have a child on your auto insurance plan you are probably beginning to...
Online Auto Insurance Quotes And What To Prepare For
Before getting an auto insurance quote online, it helps to have your "ducks in a row." Here are some tips to make it even eas...
On Line Auto Insurance Quote - Instant Online Rates
On Line Auto Insurance QuotesHere are 4 tips for saving money on auto insurance:1. Choose a higher deductible - Choose a $500...
Illinois Auto Insurance Online Quote - Instant Online Rates
Comparing online auto insurance quotes is a great way to save money. If you're looking for low rates on auto insurance, you c...
Getting the Right Auto Insurance Can Save You
It is a total nightmare when you are about to file an auto insurance claim only to realize that it is invalid because you are...
Want to Purchase Auto Insurance Online? Its Quick and Very Easy
When the time comes that you have to renew your Auto insurance you could be saving a great deal of money if you are willing t...
Online Auto Insurance - The Benefits Of Buying Car Insurance Online
In the late 1990s, as the internet gained popularity, consumers realized the convenience of shopping online for many differen...
Auto Insurance Online - Taking Advantage Of Special Discounts Using The Internet
When considering auto insurance today some people find it easy to compare auto insurance companies and to buy auto insurance ...