Car Insurance Quotes -- To Save Considerably, Implement These

We all will be glad to get a very low rate provided it comes with the right coverage. But how can this be achieved? Let's discuss some sure-fire steps to achieving just that...

1. Some vehicles cost much to insure. Therefore, as you check out the exceptional specs of the vehicle you intend to buy, don't forget to ask how much it typically costs to insure. Don't buy a car that has a high theft rate and/or a poor crash rating.

In addition, it will also take much more to insure a car that is more costly to fix or maintain. This is my personal opinion; but it does make sense to opt for a comparable car that is less expensive to insure.

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2. A vehicle with a high safety rating will get you cheaper rates than another with a poor rating all other things being equal. Go for cars that have features that improve safety. You will qualify for a Safe Car discount if your vehicle has such mechanisms. Your insurance agent can give you a list of safety systems that will make you eligible for a discount with your insurance carrier.

3. Young drivers are statistically very bad risks. Worse still, if they are teenagers their auto insurance rates could be really high.

So you'll do well to NOT place your teenage driver on your policy. It will drive it up by a huge margin. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.

It's a fair price for them to pay to enjoy the adult privilege of driving. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.

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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. Most insurers will give you a discount of about 5% if you stay with them for up to five years (some will give you once you stay for up to three.

Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. Insurers offer these as incentives to keep you with them since it serves them better too. The longer you stay, the more you'll save.

However, what you may save by switching to another insurer might far outweigh all the incentives you'll get depending on what your rates are and how much another insurer is ready to offer.

Assuming your auto insurance premium is $2,500 and you get a 5% discount when you stay for up to 5 years you will pay $2,500 - (5% of $2,500 or $125) = $2,375.

However, due to inflation, insurance companies may have to make adjustments in their rates to contain those changes. But if you do routine shopping for auto insurance you'll almost always get an insurer within those years of waiting who will give you a similar coverage for less. Then it would be anything but wisdom to stay put because you want to qualify for a discount down the road knowing that the expected discount is less than savings you'll get immediately if you change to another insurer.

Furthermore, in most cases, most people will easily pay cheaper rates than they are presently on auto insurance if they do extensive shopping.. Since the process of obtaining and comparing auto insurance quotes takes just minutes, I will wonder why you will not do that instantly and get lower auto insurance rates immediately.

5. Complete a defensive driving class. In addition to the fact that such programs will make you a better driver, they'll show your insurer that you're doing your best to make yourself a better risk.

6. Before you get carried away with the few hundreds you will save on a house, check if it will not cost you much more in auto insurance. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

So check with your agent before you commit to a new home. I know: That isn't usually an issue when you're looking for a home but it's really important.

But think about it: If your new zip code adds up to $300 to your annual auto insurance rate, how much would that amount to at the end of your 30-year mortgage?

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7. Using your parents' auto insurance policy is a good option for you an under 25. Your parents are part of a lower risk age bracket.

You have to bear in mind, though, that the car must be registered in their name and you must be living with them if you want to take advantage of this option. If you don't like the idea of giving the car's ownership to them and other stuff that may be attached to that, then you'll have to forget this option.

8. You will save a lot of dollars by visiting at least five quotes sites. That way, you will get the lowest auto insurance quotes available because five sites will return up to 25 quotes altogether.

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