Thursday, October 24, 2013
Shop Around looking for the most affordable car insurance isn’t as hard in recent times. With so many different car insurance agents spread all around the country, and some available exclusively online, your choices are now more abundant than ever before. The hard part is sorting them out in order to make sure you are getting the best rates while still maintaining the exact amount of coverage you want.
The first thing you should do when searching for cheap car insurance is comparison shop. Consult your area’s local phone directory, call or visit agencies near you, and remember to jot down notes regarding prices.
Then you’ll want to do some online research to find out your online car insurance options. Again, take notes and compare these to the notes and compare with local agents.
Finally, ask people you know what insurer they use, and ask for any recommendations or warnings they may have about other agencies. You will probly get a different opinion every time.
Discounts Based on Age Many first time drivers may not know this, but your age is an important factor in setting the exact price of your auto insurance premium. You’ll usually see premiums lowered once you hit the age of 25, with discounts that can sometimes be as high as 20%, though other factors such as marital status and driving record are also examined.
The smallest premiums associated with cheap car insurance rates are usually given to drivers between the ages of 25 and 55. This age group is considered to be amongst the safest drivers on the road; typically safer than teenagers and older drivers.
Depending on your insurance agent you may also see discounts as you age beyond 25. These discounts usually stop once a driver reaches their mid 50’s, you might be eligible to receive other discounts on your car insurance at that time.
Live in a Lower-Crime Area The location of your home as well as your daily drive to work is also taken innto account by insurance agents when determining your car insurance premiums. This is a factor for a few of good reasons.
Individuals who live and park their vehicle in rich neighborhoods are statistically less likely to have their vehicle stolen, broken into, or damaged while it is parked overnight. Also, those who have shorter drives to and from work are statistically less likely to have an accident as they spend less time on the road than drivers with longer distances.
This is why agents usually make sure your home address and telephone number is correct. They use this info to decide if you live in a low-risk neighborhood or a high-risk area, and they compare with your employer’s info to determine how long of a drive you have back and forth each day. This will determine the exact rate of your cheap car insurance.
Think About Getting a Different Car if You Can Save More The exact make and model of your car is also used to calculate how much you pay for cheap car insurance. This is important to your insurance agent for a few reasons.
The newer the vehicle, the more the repair/replacement cost.
However, some vehicles are simply more dependable than others. A used vehicle that’s been driven for 20 years is not nearly as dependable as a new car. It may be more affordable to purchase the older, used car, you may end up paying higher insurance rates because of it.
Owners of sports cars and luxury vehicles can also anticipate higher premiums than most other drivers. These cars are usually faster than other vehicles on the road, and some may even have upgrades or aftermarket parts added on. All these factors increase the risk of an accident or breakdown, and your agent will charge you emore for the coverage.
You can save 100's a year by Raising Your Deductible A deductible is the sum of money you are actually required to shell out in the event of an accident before your insurer will pay out on your claim. The price of your deductible is also one of the most important factors in determining your auto insurance premiums. Actually, the larger this deductible will be, the less you’ll have to dig out of pocket for monthly payments.
A lot of drivers are not aware of this, but most agents will actually let you to raise the deductible amount in order to decrease your monthly rates. If you’re looking for cheap car insurance then this is a great deal for you if you have a clean driving record you may not ever have to actually pay this deductible. Ask your agent if they offer this service and, if so, ask them how much you’ll be able to save by increasing the deductible. You might me suprised!
Get All Your Policies With One Company If you currently have more than one insurance policies through several different companies then you might able to consolidate them so you just have to work with one insurance agent. For instance, many people have separate policies on their house, car, and maybe even a boat or Atv.
Consolidating all of these separate policies into one, or at least choosing one company to work with all of your policies, can eliminate a lot of hassles. Also lowering the amount of money you pay each month for insurance all together.
Other types of insurance include health, dental, life, and travel. Depending on the agency you are working with, you could be able to combine these types of insurance to receive a lower cost car insurance as well. This will save you even more hard earned cash on a monthly basis.
Multiple Car Discounts Many individuals own multiple Vehicles, and most of these people keep insurance on all of their vehicles all year round. Others may own seasonal cars, show cars, or other cars that are only purchased out on rare occasions.
If you have more than one, you can consolidate them all onto one insurance policy when looking for cheap car insurance. The benefits include less paper mail being sent to your house and reduces premiums each month.
More than one driver can also be added to an insurance policy, allowing you to further decrease your auto insurance premiums. This includes spouses, boyfriends or girlfriends, and even roommates. In some cases it is less expensive to hold policies with separate insurance companies.
In fact, even if you have a vehicle thats not working, adding it to your insurance policy can save you a lot of money in some cases.
Be Loyal Loyalty means a lot in any business, and the car insurance business is no different. Many auto insurance companies are now offering decreased premiums as an incentive for their most loyal customers to stay.
When searching for cheap car insurance, agent loyalty can be a wonderfull thing. Once you find an insurance company that offers the amount of coverage you need for the right price, make a relationship with them. Get to know your local insurance agents and most importantly, stick with the same company year in and year out. After all, if you’re already receiving great rates and the coverage you need there’s simply no reason to go anywhere else and look for a new policy with a new agency.
Loyalty also relates to making your payments on time. Paying your premiums on or before the due date every single month will help you avoid late fees and additional fines or charges.
Get Liability Only if Your Car is Older A lot of drivers automatically opt for full coverage on their vehicles when in reality, not every one of us needs full coverage. If you’re looking for cheap car insurance, try to find a policy that covers only the basics that you need.
If you have full coverage insurance, you can always ask your agent for a decrease in coverage. Towing fees and rental car fees that are covered by a policy may sound great, but if you have a second car then you may not ever need to use a rental car. Some individuals may hold memberships elsewhere that grant them access to decreased towing or automobile service charges.
If your vehicle is valued at less than $1,000, you may want to consider dropping your collision and comprehensive coverage. it may not be worth it financially to repair your car after a crash or accident.
This may save up to 50% in some cases.
Storage Insurance is Great if Your Not Driving a Vehicle Year Round If your car is used as a seasonal vehicle or a show car you might not require full insurance year round. For vehicles that are put in storage for any length of time, storage insurance is your best option for cheap car insurance.
Keep in mind that this type of insurance is not legal for driving on,But it will pay out in the event your car is damaged during storage. Depending on the make and model of the vehicle in question, and depending on the type of damage that has been done, repairing the car without insurance may end up costing you a bunch in out-of-pocket expenses.
As long as you carry storage insurance on your car while it is being stored away, no matter the where it is, you can save yourself a lot of time, frustration, and money if something does happen to your vehicle.
Work on your Credit Score Your credit score affects many different aspects in your life, especially your auto insurance rates. If you’re searching for cheap car insurance, one of the best things you can do is clean up your credit score; it may be adding thousands of dollars annually on your car insurance payments.
Keep your credit score flawless by paying bills on time, paying back loans on time, and dont max out your credit cards. Bounced checks and bank overdrafts may also hurt your credit score, not to mention your financial situation as well.
You should also get a copy of your credit report on a yearly basis, even if you know your report is Great. Identity theft is growing, and a lot of innocent victims could have been spared if they only would have been in tune with their credit report.
Driving Record Is A Factor Keeping a clean driving record is the key to getting inexpensive insurance from your agent. Just In your first accident alone may Cause as much as a 40% increase on your monthly premium, so driving cautiously while on the roadways really can help keep your auto insurance as low as possible.
A lot of auto insurance companies offer a discount for safe drivers, the exact definition and criteria of "safe" driving and a "clean" driving record will likely vary from agent to agent and company to company. Keep in mind that agents aren’t likely to bring this discount up on their own, so don’t be afraid to ask them about it as long as you feel you have the clean driving record to show.
Safety Issues The safety of your vehicle will also be a factor when you are trying to get cheap car insurance. The newer cars are made far safer than older vehicles, so you can get a start on lowering your premiums by having updated safety features installed into an outdated vehicle, or by purchasing a more recent car.
Things to look for when taking car safety into mind include automatic seatbelts, as this feature almost guarantees that both the driver and passenger will be wearing their belts at all time, and both driver-side and passenger-side airbags. Airbags in the rear seats of the car can also help to improve the safety rating of your vehicle, thus decreasing your monthly car insurance rates.
Look for any chips or cracks in all the windows and mirrors in the vehicle as this may increase your insurance if seen by an agent.
Security Device Mention to you agent if you have any advanced security features in your vehilce as this may reduce you monthy payments.
If your car doesn’t already have an alarm and you want cheap car insurance, it may be worth it to get a brand new system and have it installed. Car alarm systems these days are not nearly as expensive as they used to be, they are quick and easy to install for anyone with common automotive knowledge, and they will save you a lot of money not only on your car insurance, but in case someone tries to break-in to your vehicle as well.
Since every company has different rules and discounts, check with them to see which security devices will give you the best discounts.
Park Off-Street, or Even in a Garage Vandalism is more obvious in different parts of the country, the trend is on the rise throughout the entire country. Thieves and vandals are searching for cars that are parked out in the open and left unlocked and unattended.
If your car is parked in a private garage on your property, you are likely to see a sharp decrease in your auto insurance coverage. This is not to say that a garage is the safest place for protecting your car or your property, but it can help to keep safe from thieves. Insurance agents are willing to charge you a little bit less if you are able to park in a garage at night. Even a simple carport may help reduce your insurance rates; it never hurts to ask.
Proof Read Your Policy It never hurts to look through your insurance policy to make certain everything is correct. Make sure you are being given the right coverage and paying the right price for your premiums. Don't forget to make sure that your personal info is all accurate, an error here could end up costing you money monthly.
If you want cheap car insurance, it is important that you take your time and double-check all of your info. If you see any kinds of errors, make sure to tell your insurance agent as soon as possible,be prompt. A lot of common errors include birth date and marital status errors, but these two mistakes are also amongst the most expensive. Be certain that this information is perfect in order to receive the absolute best auto insurance rates from your insurer.
Discounts in Retirement Depending on where you live, retirement can usually come at 55 or 65 years of age. Certain insurance agents offer discounts to retired drivers, and this is done for many reasons.
Retired drivers usually spend less time on the road than most other drivers. Without a daily drive to and from work, retirees usually put far less mileage on their cars than drivers who have to drive to home and work every day.
If you want cheap car insurance and you are 55 years of age or older, make sure to tell your insurance agent. A retiree discount can make a huge difference on the amount of money you pay each month, but many are not aware of this. Again, this is a benefit that isn’t usually offered by your agent, so you’ll need to inquire about it in order to get the discount.
Affiliate Insurance Discounts Almost every vehicle insurance company offers an array of discounts based on your personal affiliation. Like many discounts, this one is not typically advertised by your insurance agent. Don't forget to ask about affiliate discounts.
The most common group affiliations cited to get discounts on their car insurance include your work, college or university, military organizations, and many more. No matter how small or unknown the group or organization may seem to you, don’t stall to ask about a discount; it could be your way to cheap car insurance through the insurer that you already use.
Depending on you feel, it may be cost-effective to join a group based on the reduction of your auto insurance policy. Ask your insurer if they can give you a list of groups that provide these types of discounts, and see if any are worth joining.
Sign up for an Advance Driving Course Driving classes are available by a variety of organizations, both public and private. If there are any types of driving classes available through your insurance agent, you may want to think about attending and completing them in order to get cheap car insurance through an existing insurer. If you are not aware of any classes being offered in your area ask your agent; they’ll be happy to help. Just know that if you take a class and fail, you may end up with an increased insurance rate instead.
There are many types of driving classes, but defensive driving classes are typically the best at decreasing your auto insurance premiums. Keep in mind that you will probably be required to show your agent proof of completion (usually in the form of a certificate) in order to be eligible for any benefits.
Good Grades & Student Discounts Getting good grades is essential in school, but it can also help lower your car insurance premium too. If you are looking for cheap car insurance one of the best things you can do is be studious.
It doesn’t matter whether you are a young driver still in high school and driving under a parent’s policy or a student in college with your own car and insurance, there are usually many discounts rewarded to you for receiving good grades.
They will probly need proof of your educational achievements, so get a copy of your most recent report card and bring it in to your local insurance agent. You may be thrilled to find an instant reduction in the amount of money you pay each month for auto insurance.
Drive Less ,Walk, Bike, Carpool, Take Public Transportation The time you spend on the road, as well as the mileage you put on your car can also be have rank in determining your cheap car insurance premium as well. If you don’t drive a lot and don’t put a lot of miles on your car, then you may be eligible for a rate reduction. Like with a lot of the other methods that can be used to reduce your premium,you’re going to have to ask for this discount specifically.
Car insurance discounts for low mileage are more common than you might think. Insurance companies are aware that there’s not as much risk involved with drivers who aren’t on the roads that much, and they’re usually willing to adjust your rates accordingly. If your current insurance company doesn’t offer any kind of low mileage discount, you may want to shop around until you find one that does. The amount of money you might be able to save is worth the time and effort.
Make Bigger Payments on Your Premium You have more control over the payment arrangements that are made with your agent than you may know. In fact, you can actually choose to pay off your entire premium, either on a 6 month or annual basis, and save quite a bit of cash in the end.
Of course paying in full isn’t always anoption in every situation, and some have no choice but to make monthly payments. Some even have a hard time to make that.
Many people are not aware of this, but if you are making monthly payments to your insurance company then you’re not getting the cheap car insurance that you should be.Ask your agent about paying in full. You’re likely to get a handshake as well as receive a good discount on your car insurance.
Make sure to verify vin number A lot of drivers don’t know this, but if the VIN (vehicle identification number) of your car is off even by one digit, then you will not receiving the right car insurance quotes. The VIN is used to identify your car, and is unique to each specific car. It is also used by law enforcement to positively identify your vehicle in an accident or if it is stolen. If your VIN is entered incorrectly you may be getting overcharged without even knowing it.
Being aware of your vehicle’s exact VIN and double check its accuracy on your specific policy is something that few drivers do.VINs vary greatly, though all cars manufactured after 1980 feature VIN consisting of 17 characters.
Review your Policy for Add-Ons. Since the number car insurance companies are growing rapidly, some companies have started offering benefits and plans that are aimed at helping the driver. but, many of these packages are added to your normal insurance policy automatically and with you even knowing and some of them aren’t even worth the amount of extra cash you’ll have to pay on your insurance premiums.
Some plans will offer to replace your vehicle with a new one of equal value if your car is totaled in an accident, but this is actually referring to the value of your car at the time of the wreck and not at the time of the original purchase. include depreciation, and you’re looking at only a fraction of what you paid for your vehicle. These types of "benefits" can be dropped from your car insurance in order to make sure you are getting cheap car insurance from your agent or company.
Going Green With more global warming , "green" vehicles are now mor prevalent on thre road. In order to add an increased incentive for purchasing one of these environmentally-friendly cars, many car insurance companies are offering lower auto insurance premiums to owners of "green" or environmentally-friendly vehicles.
While the cost of a new vehicle may not be worth the lower premium, if you are in the market for a new car then you might as well buy an energy efficient model. Not only will it help save the environment, but it will also make everyone breathe better in the future and you find cheap car insurance rates that you might not have had access to otherwise.