Do you feel that you are paying too much for your car insurance? You aren't alone. Many drivers end up paying more than they should, partly because of the confusing number of options available and partly because the auto insurance companies are not usually anxious to offer any discounts.
Shopping around and comparing rates is the first step in saving money on your car insurance. Instead of calling around to different companies, getting a quote online is faster and more efficient. It's very important to get quotes from at least 4 different companies, to ensure you truly are getting the best deal. Normally, you don't have to wait until your current policy expires to switch companies.
It stands to reason that safe drivers get the lowest car insurance premiums. Most insurance companies will offer lower rates to people that have not had accidents or traffic violations over a certain period of time. In addition, if you have taken a driving safety course you may be eligible for discounts, so make sure you mention this to your prospective carrier.
Be sure to look out for other discount opportunities. Certain safety features like car alarms, anti-lock brakes, automatic seat belts, or airbags may qualify you for additional discounts.
If your auto insurance company also offer home owner's insurance, you may be able save money on your premiums by using the same company for both. Also, many car insurance companies offer lower premiums if you drive less than a certain number of miles per year.
Another way to save money is to consider having a higher deductible - the amount of money you are required to pay before your insurance company covers the rest of the costs. You can potentially reduce the monthly cost of your collision and comprehensive premium by 15% to 30% by simply increasing the amount of your deductible from $100 to $500.
The deductible make a big difference with an older car. Many times it doesn't make sense to get collision and comprehensive coverage if your car is worth less than a couple thousand dollars, and you definitely want a higher deductible in this case. Also, keep in mind that SUV's and sports cars generally have much higher premiums - when you're in the market to buy a car.
Like it or not, car insurance is required by law. By doing your homework, you can save a significant amount of money on this necessary expense.
About the Author:
Before you buy auto insurance, make sure you go to William Murphy's site for cheap car insurance. Get quotes from all the top car insurance companies with one convenient form to ensure you get the cheapest car insurance.
0 comments:
Post a Comment