SLASH YOUR CHEAP CAR INSURANCE RATE NOW
Wednesday, November 11, 2009
Auto Insurance -- Tips That Will Enable You Save Much
An affordable rate can be achieved in many ways. However, some of them could put you at risk. However, in this article, I'll show you several time-tested steps for paying less while you maintain adequate coverage....
1. Car owners who because of their level of knowledge buy either collision or comprehensive coverage types or both for an old vehicle that's NOT regarded a classic are painfully paying a lot more than should. The logic for this is that insurance companies base the reimbursement they make on what is referred to as the Kelly Blue Book value of a vehicle when you file claims. Therefore, you'll get nothing if the book says that your car isn't worth a dime at the time of a claim.
Do the smart thing and drop both of them from your vehicle insurance policy. If you do this you'll make big savings.
Insurance Quotes
2. Some insurance providers will hand you a discount if a child on your policy gets into college and does not drive the vehicle at that period. If your kid is is away at school then you should ask your agent about your eligibility for this discount. But bear in mind that not all insurers have this discount.
3. You might be able to bring down your rate if you re-assess your auto insurance policy periodically. It's painful to note that a good number of folks still pay for coverage points they needed some time in the past but no longer make sense today. Have you though of dropping your just-wedded girl from your policy?
Does it occur to you that you might now be be qualified for certain discounts on account of several changes in your profile? It might as well no longer be good advice to retain some coverage types.
So, do NOT fail to revisit your policy from time to time. Don't be surprised if you end up discovering you need to cut down your coverage scope or report changes that will give you big savings.
Affordable Auto Insurance
4. Electronic Funds Transfer, known as EFT is a simple way to bring down your rate. This authorizes your bank to credit your insurer with your premiums automatically until you stipulate to the contrary. This brings down administrative overheads like those involved in mailing payment notices. Your insurance company gives you part of what they save by reducing your rates.
5. You'll save by being loyal to an insurer due to the long term discount and accident forgiveness which they give to long-standing policy holders. 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.
Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. These are all incentives for you to stay with them for as long as possible. The longer you stay, the more you'll save.
But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.
Say, for example, that your auto insurance premium with your current insurer is $2,500 you will get a discount of about 5 percent or $125 if you stay for at least three years.
However, know that your rates may be raised to reflect the effect of inflation. But while you're at it, some other insurer could be willing to give you a rate of $2,000 or less at the moment. In this regard, it is of no value to stay put because you want to get a discount down the line when you can enjoy lower rates immediately.
Furthermore, in nearly all cases, most folks will easily pay a lot less than they are presently on auto insurance if they shop right.. In order to know if you are not loosing better offers, obtain and compare auto insurance quotes from up to five insurance quotes sites..
6. Your might be paying a lot more than you should because of some really unnecessary add-ons like towing. Do you know that your credit card company might have already given you towing as an extra benefit?
Even if this is not the case with your credit card company, you'll still get better service and save more if you exclude towing from your policy and you a dedicated towing company instead.
Auto Insurance Quote
7. Doing business online is cheaper and more efficient. This also applies to buying and selling auto insurance. Compared to buying offline from a brick and mortar business, you'll save up to 15% if you buy your auto insurance policy online.
This makes it obvious that you'll save a lot more if you buy online.
Do your utmost to present your details truthfully. Insurers are mandated by law to cancel any policy once they can prove that the policy holder gave false details.
Furthermore, verify from your state's department of insurance that they you're buying from a reputable company that's licensed to sell this policy.
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mike thats a good stat keep it up.