10 Tips That Will Help Save On Auto Insurance
Very often we land up spending more on insurance policies
than on ourselves. Many insurance policies like life, health, home, and auto
insurance are not just essential but mandatory. Auto insurance alone can set
you back by several hundred dollars every year.
How much the premium on auto insurance will cost really
depend on many factors like: your age, driving record, where you live, the risk
factors, and the make and age of your car. If you are style conscious and
choose a powerful car in the latest model then you will certainly have to pay
higher insurance. And, as you know having no auto insurance coverage is not an
option. And, if you do not have adequate coverage and when good luck is not on
your side, you could land in deep financial mess if you were to be involved in
an auto accident or theft of the car for no fault of yours.
So stop thinking of cancelling your auto insurance
comprehensive coverage and find ways in which you can have the same extensive
coverage for lower costs. You can reduce auto insurance premiums by:
1. Making
the time to shop around. Do the exercise well before the auto insurance comes
up for renewal. Auto insurance premiums vary from company to company and
between online payments and payments at offices or by mail. So, comparison shop
and find an insurance policy that offers a great bouquet of coverage for less
than what you are presently forking out for auto insurance. Shop online and use
the tools for getting comparative quotes from different providers.
2. Thinking
about increasing your deductible. Paying a higher deductible always lowers the
premiums payable on auto insurance. Check your finances to see how much of a
larger deductible is possible without pinching your pocket.
3. Maintaining
a good credit score and report these always get you a better deal with auto
insurance companies. A good credit report means that your risk is lower than
others so insurance companies will gladly offer you better rates to cover your
vehicle.
4. Being
eco-friendly and driving an eco-friendly car then you will be eligible for a
great deal from the auto insurance company. Many companies have special
discount schemes on auto insurance for clients who care for the environment.
5. Keeping
your mileage low if you driver lowers than say 7500 miles a year you will
qualify for a low-mileage discount. Qualify for this discount on your auto
insurance premium by car pooling, walking instead of driving to close by
locations, and using public transport.
6. Not using
your personal vehicle for business related travel. Vehicles used for work
related driving attract higher auto insurance coverage than vehicles meant for
personal use.
7. Considering
a policy that covers all the vehicles the family owns. A group auto policy
means much lower premiums than covering each car owned by the family
separately.
8. Finding
out if your organization or memberships to clubs or other professional
organizations, makes you eligible for a discount on an auto insurance policy.
For example most companies offer discounts on premiums to cover vehicles owned
by members of AAA.
9. Maintaining
an error free driving record for three years you will become automatically
eligible for a discount on premiums payable. No accidents, drunk driving
convictions, moving violations, or break downs means great savings on premiums
payable on auto insurance. When you have a clean driving record it means your
risk is lowered greatly.
10. Considering
taking an auto insurance policy from the same provider who has extended life,
home, and health policies for your family. When a company knows you well they
are more than willing to offer you auto insurance at lower than market rate.
Other ways of reducing payment for auto insurance are: to
live away from the city in a community that has less traffic, lower accident
rates, and lower crime rates and to buy a low risk car. Sports and other
high-performance vehicles are considered high risk by insurance companies and
attract higher insurance premiums than a station wagon, sedan, or compact car.
Lower insurance payments on your car by following the
recommendations of the road traffic police and insurance companies. For example
installation of anti-theft devices, air bags, seat belts, and anti-lock brakes
will make you eligible for great discounts on insurance premiums.
So, instead of moaning and groaning about high premiums
reduce your auto insurance premiums by following the recommendations given
above and constantly staying abreast of new developments in the auto insurance
sector.

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