Lower Car Insurance Rate -- Easy But Tested Tips

1. Ensure your auto insurance policy is never allowed to lapse no matter what.. Those who let that happen to them pay higher rates for a long time. It's easy for this to happen to some people while they are switching to another insurer.

Don't cancel your old policy until the new one is fully functional and you'll avoid this costly mistake. Many people are paying higher rates than they would otherwise simply because they made this mistake. So do take care so you don't become one of them.

2. If you elect to pay your premiums monthly, you will pay more expensive rates. You might be sold thatThe ads may show that monthly payments are easy but what you're not told is how much extra you pay for it..

If you do transactions with banks you'll agree with me that each check you process is considered transaction which attracts charges. For twelve payments (that is, your monthly premiums) you'll have a total of twelve transactions. This implies that you will pay transaction fees twelve times..

that is one side of it: Insurers also incur certain admnistrative costs for your monthly premiums. For instance, it costs insurance companies millions of dollars annually to mail payment notices..

These and more are then included in your rate thus making it more than if you paid annually.

3. You'll attract more affordable auto insurance rates if you make your payments by Electronic Funds Transfer (EFT). This simply means your insurer takes your premiums automatically from your account at specified periods without sending you payment notices. This brings down administrative costs like those involved in sending payment notices. Your insurance company gives you part of what they save by reducing your premium.

4. You can see savings of hundreds of dollars on your auto insurance policy by obtaining insurance quotes from insurance quotes sites. The best method is to visit not less than five sites and making sure that you input the same (correct) details.

I recommend that you use at least five quotes sites as that will ensure you do not miss out offers not carried by the other sites. This gives you a broader basis for doing more thorough comparisons thus increasing your chances of getting more for less.

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