Tips to Lower Your Auto Insurance
Insurance policies are expensive and even more so in major metropolitan areas. It would not make sense to move just to lower your insurance rates. But, if you decide to move to a rural area, to be sure your rates will be significantly lower. Insurance is based on a complex formula of risk. There is less risk of your car being stolen or being crashed into in a rural area. Hence the lower insurance rates.
When deciding upon a car, remember that a new or newer car would need collision. It is not mandatory, unless it is being financed, but it would be beneficial to be covered for damages from a crash. The premium would not be worth it if the car was older than four years of age. In addition you will probably take a deductible (that is the amount you will pay out-of-pocket, of around $500), otherwise full collision coverage is prohibitively expensive.
It would be a good idea to take minimum coverage, if you are a safe driver. This would include personal and property damage. It is relatively inexpensive to take road service, in case you are caught in the middle of nowhere. You can forgo this coverage if you belong to the AAA (American Automobile Association).
Do not forget to tell the agent or the online registration automated quote section, that you are a homeowner, if you are, and that you are married. This will cut your premium. Take a defensive driver course every three years to shave off a percentage of your premium. A motorcycle safety course also counts as a defensive driver course.
Back to your car of choice. If you purchase what is called a “muscle car” or high-performance type of car you will pay more. People who purchase these cars tend to be more reckless. Certain classes of luxury cars will also cost more to insure. These cars are prime targets of theft. Speaking of theft and fire damage, this goes under your comprehensive section of the insurance policy. It is best here too to take a $500 deductible.
Assuming your car is an economical car, this would be a lower rate than for example a Hummer. Your drive to work is short and you do not use the car all that much, if this is the case you will also pay a lower premium. Speeding tickets will raise your rates considerably. I will not even mention drinking and driving as it relates to rates and what can result from such reckless behavior. The younger you are and the less driving experience you have will put you in the “assigned risk” category, again considerably hiking your insurance rates.
Through experience Progressive Auto Insurance is quite competitive. They answer the phone in a timely fashion with personable employees eager to answer your questions and address your concerns. Their website is user friendly and they insure a wide class of vehicles.
Keep all the aforementioned tips in mind to lower your car insurance when engaging an insurance company. Do not try to save a few dollars with a company having a bad reputation or you are not comfortable doing business with.
Insurance companies take many things into consideration when providing quotes for premiums to be set for a specific potential customer.
One of the things they look at is the type of automobile you drive. A few cars that fit into this category would be the Hyundai Sante Fe, Ford Taurus, Smart fortwo, Kia Sedona and Chrysler Town & Country. There are a few things that these cars have in common.
One of those contributing factors is the horsepower. The cars mention about have less horsepower than say, a full size pickup, think Dodge RAM or GMC Sierra, or a sports car, much like the Chevy Camaro and Dodge Challenger.
The other major factor is safety. Although most cars these days have airbags all the way around, someone driving a Smart fortwo is not going to take as many risks as someone in a Camaro.
Another key factor is how often the car is stolen. It’s pretty safe to say that the ratio of stolen Kia Sedonas are relatively low.
Insurance companies will also look at your location. Do you live in a crowded city or do you live more in a rural area. They will factor in the probability of an accident by looking at the city in which you live. For example, a city such as Houston with a population of four million people, at the 2000 census, and hazards everywhere such as traffic congestion and construction is going to incur a higher premium, than say, Des Moines, Iowa.
Saving money on the best car insurance is not impossible. In fact, it is a good possibility that you will be saving quite a bit. Once you read this you will already be on your way to cheaper car insurance.
Before you begin your search get advice from others you know. This is a great resource to start with. Others have first hand knowledge of the companies you should consider, and those you should stay far away from. You should also get a copy of your driving record from your state. This will tell you what driving offenses the insurance companies will see. Do not lie about any previous offense, as this is enough reason to deny you coverage. Some offenses can cost you greatly, but if you give them time they will eventually fall off your record. In the meantime, be a cautious and responsible driver. This is the best way to get the best car insurance deals.
Do not worry, you have many options to help you save money on the best car insurance. Most insurance companies give discounts if you have multiple policies through them. So, think about combining your home, renters, life insurance, or any others vehicle policies you have. Safety features on your car, like an alarm, can also lower your payments. Some insurance companies will give student drivers steep discounts for good grades or taking a safe driving class.
Other ways to lower your payments are within your policy. Such as, raising your deductible. Having a thousand dollar deductible instead of five hundred dollars will save you quite a bit on your premium.
Reducing your full coverage to liability coverage is another great way to save money. Before you do either of these make sure that you can cover the higher deductible or total cost to fix your car. You may be better off paying the higher premium than going without a car because you cannot afford to fix it.
Saving money on the best car insurance is not a myth. You can achieve this goal and get the policy that covers all of your needs.
If you drive or operate a vehicle by law you must have auto insurance no matter what state you live in. If you live in a high risk area or state such as new york or California rates can often be pretty high. Rest assure there are ways you can save money and still get good insurance service. Here are some tips for saving money on your insurance rates while having the piece of mind that comes with having good insurance.
Buy insurance online:
Buying insurance online many times helps you to find cheaper prices. Most companies will give you a lower price fr shopping online. It is simpler for the person looking for a policy as well as for the insurance company because everything gets done electronically. Getting a quote online could help you save up to fifty dollars or more on your auto insurance rates. Getting auto insurance online not only saves you money but it also saves you time.
Take a defensive driving course:
Most companies will offer a discount for taking and completing a state certified defensive driving course. They are available to all drivers wanting to learn some skills and tips on driving. It teaches driving techniques so you can avoid accidents and mishaps. The course usually lasts a few hours a day and is reasonably priced. Most auto insurance companies will offer you 10% off for having completed a defensive driving course. They are available at most driving schools.
Pay off your policy in full:
Another way to save money on your auto insurance is to pay your policy cost up front in one payment. Yes it may seem like a big chunk of money to have to spend but some companies will even offer up to 200 dollars off for paying it in one payment. You as well get the piece of mind in knowing that your auto insurance is taken care of and you won’t have to worry about a bill every month. If you can afford to pay the year off most companies offer 6 months policies.
Get more than one quote:
Online quotes are very simple and quick to fill out. They usually take about five minutes to complete and many companies offer instant quotes online. Getting a few different quotes allows you to view different rates and choose the one that best fits you. Getting numerous quotes allows you to find the lowest possible rates in your area.
What type of discounts should the car insurance companies be offering you? Discounts will depend on each car insurance company. To get the best car insurance quote possible you need to ask for discounts.
You should ask insurance companies to send you a quote in writing in order to compare quotes, make sure all companies are giving you discounts you should be entitled to, and to make sure your prices don’t suddenly change overnight. Insurance companies can mail or fax a quote to you.
If the car insurance company doesn’t show discounts on their quote and they are higher than other companies, you may want to ask for discounts. If you don’t know what discounts to ask for, keep your question general and ask if they applied any discounts to your car insurance quote.
In order to save the most money on your car insurance quote, choose companies out of your local phone book and call them. Local insurance companies will compete for your business. However, you may find online insurance companies are the least expensive.
To make sure you have the best car insurance quote possible, you should also compare prices online. Online insurance companies have less overhead than the local insurance companies and they may be able to provide the most coverage at the least amount of cost.
Online insurance companies usually offer discounts. You can print your quote online and you will be able to compare it to the other insurance quotes you have received. Beware of all insurance companies. The following year you will want to get a new quote. Most insurance companies give you a low price the first year and then raise their prices the following year.
Following is a list of discounts so you can get the best car insurance quote:
Vehicle Safety Feature Discount
New Car Discount
Security Device Discount
Good Credit Discount
Good Student Discount
Good Driver Discount
Home and Auto Insurance Combined Discount
To get the best car insurance quote possible, ask for these discounts. Be sure you shop around for the best car insurance quote. Getting car insurance can be a task but the reward of saving money, maybe hundreds of dollars, should inspire you.
Since auto insurance is mandated by law and if you own a car, it is one thing you will have to acquire and it can be costly. Not all insurance companies are created equal so the following saving tips on car insurance may vary depending on the company and it policies.
• Self-insured. One of the best ways to save money on auto insurance is to be self-insured as much as you can. You can do this in several ways. First, a higher deductible will decrease you over all cost. If you can put the deductible amount aside in a savings account not only will you pay less on your policy you will earn some interest too. Second, the removing of towing can save you $10 – $30 a year over the life time of your policy, while one tow will cost around $100. If you maintain your car well, pay attention not to run out of gas and lock your keys in your car, you should be able to get by with out the towing coverage. In the event of a collision, towing is usually always covered under the collision portion of your policy.
• Plan ahead. Just because you buy a small economy car that does not always equate to cheaper insurance. How likely your vehicle will be damaged, What type of damage can your vehicle inflict, how often is a particular vehicle stolen, and how bad will the drive/passenger be injured are all factors in determining the cost of coverage. Before you buy a particular car find out what it cost to insure it.
• Insure with one company. Most if not all companies provide discounts for the more types of policies you have with them.
• Pay every six months. By paying monthly companies charge $3 – $5 per month for billing charges. If you have to pay monthly use auto pay the amount for billing is less.
• Research. Just because a company advertizes that they can save you money it may not be true, however it may. Don’t be afraid to compare companies and switch if you find a cheaper one. You may have developed a good relationship with your current company; however a cheaper policy with the same coverage will save you money.
Car insurance is a bill that many people hate paying, but have to out of necessity. Because of this, it is important to save as much money as possible when purchasing car insurance. Here are a few tips to guide you along through your purchase to make sure that you get the best cheap car insurance.
1.) Shopping around is the biggest factor in finding affordable car insurance in your area. Different cities have different rates for different people, and all insurance evaluate the risks involved in insuring a driver a little differently. Most car insurance companies have websites that allow you to generate free quotes in a matter of minutes. By taking advantage of this you are assured that you are purchasing the insurance that is the cheapest for your personal needs.
2.) Talk to local insurance dealers face to face. The internet is a very impersonal place and getting someone to cut you a deal is impossible if you’re simply filling out a form on a website. It is important to talk to a few local insurance salesmen face to face to evaluate if purchasing online is really the cheapest solution. These insurance salesmen also sometimes possess the ability to lower rates for you. While they won’t be able to take off a significant amount, the savings will quickly add up over time.
3.) Something that is important to understand is that your insurance rates for the next year will be effected by any traffic violations you procure in the current year. A ticket on your record will drive your rates up and if you have too many traffic violations it is possible that no one will insure you at all, ask the risk will be too great. Make sure to follow all traffic laws in order to avoid violations. The longer you go without an accident or a ticket, the lower your rates will become; so it pays to be cautious in this case.
4.) At age 25 for males and age 21 for females, rates are lowered as insurance companies feel that people will no longer be making childish decisions will driving at these ages. If you’re under this age, you have something to look forward to as your rates will be dropping dramatically in the future.
Follow these tips and you’ll be sure to get the best cheap car insurance for yourself, giving you some extra money to spend throughout the year and the piece of mind that your vehicle is insured should an accident happen.
The market for car insurance is daily growing with new companies popping up wanting to cover your vehicle. The question is who to choose, and what to look for in a good insurer. Consider checking into some of the companies shown below, and you will have a good place to start.
American Family is an experienced company with a good reputation. They have agents locally, and offer customer service over the phone and they can be accessed on the internet. Their rates are usually average with most of the market, but they do offer good discounts on insuring multiple property with them, good driver, and for students with good grades. They have the advantage of face-to-face customer service and are efficient in handling claims when filed.
Allstate is another experienced company and has the advantage of the local agent in your area as well. Their rates can be slightly higher than some, but their coverage is solid and they are efficient with claims handling. They also offer accident forgiveness and multiple other discounts that make them a carrier worth checking into.
Progressive is one of the newer companies that has taken to the internet in order to offer services, which makes for easy handling of filing claims, adding property, and paying bills. They have agents that travel when needed, and offer customer service via the telephone. Their rates are lower than most, and their site has the advantage of offering the ability for the consumer to compare many companies at once. You can also name the price that you are willing to pay, and they will try to match as close as possible the rate.
Geico is another internet insurer, and offers many of the same advantages. Their rates are very competitive in the market, and their site is very user friendly. Discounts of all types are offered, and you can see which ones are available for your policy.
This list is just a small sampling of the many out there, but with research, knowledge, and smart shopping you will be able to match your insurer to your coverage needs.
One of the best ways to save on automobile insurance, is to think thoroughly before buying non stock gadgets for your vehicle. If your vehicle gets totaled or stolen, your insurance company will determine a fair compensation. Your vehicle is looked at as one piece; if you spent $3,000 in gadgets for your vehicle, you may only be compensated for 1/3 of that amount from your insurance provider. You will not get reimbursed for everything you buy for your automobile if something happens, so, the less stuff you buy for your vehicle, the more you save on insurance.
Before you purchase your next car, check on insurance quotes for it. Many people expect one car to be cheap and another to be pocket busting, that is not always the case. Some insurance rates will go up based on the amount of damage your vehicle would do in a wreck; for instance, a big truck will be higher than a small two door.
On the other side of things rates may also be determined by how much damage a vehicle is likely to take and how likely passengers are to get injured. Be carefully when getting quotes, many sources will give you lower quotes for smaller models that are not the one you posses.
It is best to do all of your insurance through one source if you want to save money on automobile insurance. Ask your insurance provider if there are any low mileage insurance breaks that you may qualify for to save money on automobile insurance. Another great way to save money is to attend additional driving classes. There are many driving classes that can earn you deductions on your automobile insurance. For example, if you partake in DUI classes you are subject to save money on your automobile insurance.
An insurance company is more eager to insure a safe driver at a decent price than a shady driver. Insurance companies do not like to have to pay money out. The less money a insurance company thinks they will have to pay out on you, the cheaper they will insure you for.
Auto insurance these days have got even more complicated. With all the discounts and different types of insurance, how do you save the most on your insurance purchase? People have less and less time to search out the best deals and savings on auto insurance so we have some tips to help you. These tips will help you save the most on your auto insurance and put more money back into your pocket than ever before.
The number one way to save money on your auto insurance premiums is take advantage of the numerous discounts that insurance companies offer you. Today we will look at three of my personal favorites that will help you save money. The first one is the low mileage discount. By driving your vehicle less than an average driver, you can be entitled to a discount on your premiums. Many people overlook this discount, but if you can use it do so. It can save you some money on your premiums.
Another great discount that many people tend to overlook is a security discount. More and more vehicles are being stolen these days. Insurance companies will gladly give discounts to drivers who are proactive when it comes to security for their vehicle. Having things such as a security alarm, anti-theft device or an electronic disabler can get you a discount. The added expensive of adding these can save you money down the road on your premiums.
You may also want to consider a low profile car over that sports car you had your eye on. Thieves love sports cars and they tend to cost more to have repaired. By getting a lower end model, you could get a better rate on your car insurance premiums saving you money on your monthly bill.
Discounts on auto insurance vary widely between carriers. You will need to talk to your insurance agent to see what is available to you. Most people are pleasantly surprised by all the discounts that they qualify for. The longer you wait to talk to your agent the more your insurance could be costing you. Grab all the discounts above we have mentioned and see what else you may qualify for to save you money.