Affordable Vehicle Insurance Rate -- Straightforward But Guaranteed Tips

1. Do your best to always ensure your automobile insurance does NOT lapse. It will sentence you to high rates for a considerable length of time. This happens to many folks when they are changing over to another insurance company.

One way to ensure you do NOT make this costly mistake is to maintain your old policy until you've confirmed that the new policy is fully in place. Many people are paying higher rates than they should just because of this mistake. So do take care so you don't become one of them.

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2. Paying your premium annually will result in cheaper rates than opting for monthly payments. Notwithstanding the fact that this option is often less stressful, it costs more for some reasons..

Every check that is processed attracts a charge. For twelve payments (that is, your monthly premiums) you will have a sum of 12 transactions. This means that transaction costs would be twelve times more for those who pay monthly.

That's one side of it: Insurance companies also incur certain admnistrative costs for your monthly payments. For example, it costs some money to send payment notices each and every month.

These and more are then added to your premium thereby making it higher than if you paid annually.

3. You might not be enjoying some discounts you are eligible for with your present insurance provider just because you are not aware of them. It is possible that your agent has left one or two out. You'll reduce the odds of this happening to you if you take the pains to ask your agent point blank to tell you about every discount that is possible. Do not be shocked if you discover some that you've never heard of.

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4. Defensive driving will help reduce your automobile insurance rates therefore take a course on it. Apart from the fact that such programs will make you a better driver, they will show your insurance carrier that you're taking active steps to make yourself a better risk.

5. Electronic Funds Transfer (abbreviated as EFT) is a smart way to bring down your automobile insurance premium. By doing this you authorize an insurance provider to automatically withdraw your premiums from your account at specified intervals. This brings down administrative overheads like those incurred when sending payment notices. The insurance provider gives you part of what they save by bringing down your premium.

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6. You can save more by visiting at least five quotes sites. That way, you'll increase your chances of getting the lowest auto insurance quotes available as five sites will present up to 25 quotes altogether.

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