Wednesday, November 25, 2009
Car Insurance Quotes -- To Save Massively, Apply These
We all want a very cheap rate that comes with adequate coverage. But how can this happen? Here are tips that will help you attract reasonable discounts with ease...
1. There are cars that cost much more to insure. It will do you a world of good if you get advice from your agent before buying your next vehicle. Two things that will make you pay more for auto insurance are a vehicle's crash rating and theft rate.
Furthermore, it will also take much more to insure a car that costs a lot to repair or maintain. With such diligence you can avoid buying a vehicle that will cost you thousands in higher premiums over time.
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2. A car with a higher safety rating will make you eligible for lower rates than another with a poorer rating all other things being the same. Opt for cars that have features that increase safety. You'll qualify for a Safe Car discount if your car has such features.
3. Under-25 drivers get higher rates than any other age group. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.
So you'll do well to NOT place your teenage driver on your policy. It will have an adverse effect on your rate. Sign an exclusion form that will allow your teen driver have his or her own policy.
It's a fair price for them to pay to enjoy the adult privilege of driving. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.
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4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Some insurers will give you up to 5% in discounts once you've been with them for up to three years while others will give you such a discount only when you've stayed for up to five.
The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. Insurers offer these as incentives to keep you with them since it serves them better too.
Just bear in mind that some people will be better off if they switched to another insurer notwithstanding the many discounts given to long term policy holders.
let'ssay, for example, that you will get a 5% (or $125) discount after your third year with an insurance company where you current auto insurance premium is $2,500.
However, know that your rates may be altered to reflect the effect of inflation. But if you are someone who does regular shopping for auto insurance you will very likely get an insurance carrier within those years of waiting who will give you a similar coverage for less. In such a case, it will be pointless to continue because you want to get a loyalty discount much later when you can pay less immediately.
Furthermore, in most cases, most folks will easily pay a lot less than they are presently on auto insurance if they shop right.. Considering that the process of obtaining and comparing auto insurance quotes requires just minutes, I will wonder why you won't do that instantly and get more affordable auto insurance rates right away.
5. Participate in a defensive driving course. In addition to making you a safer driver, such programs will qualify you for a discount with your insurer provided such a course is recognized by them.
6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.
So, as part of your home shopping activities, check how this neighborhood will affect your auto insurance rate. The truth is that most people don't think about this when they are about buying a home.
Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.
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7. As an under twenty five, you can pay cheaper auto insurance premiums if you use your parents' policy. The fact that you're of driving age means that your parents belong to a better risk age bracket.
To take advantage of this though, you'll have to live with your parents and also have the car registered in their name. If you don't like the idea of handing the car's ownership to them and other stuff that may be attached to that, then you will have to forego this alternative.
8. You can save more by visiting not less than five quotes sites. If you do this, you will get the lowest auto insurance quotes available as five sites will give not less than 25 quotes altogether.
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