Auto Insurance Law

Posts Tagged ‘Auto Insurance Tips’

Looking to get a cheap insurance rate? Here are the top 10 money-saving auto insurance tips that will save you a bundle on your auto insurance.

1. Consolidate Your Policies

Placing your homeowners or renters insurance and your auto insurance with the same insurance company can save you 5% to 15% on you insurance premium. Plus, you’ll only have one company to deal with.

2. Increase Your Deductible

The deductible is the amount of money you have to pay toward a claim before your insurance company will pay. By increasing your deductible you’ll lower your insurance premium. Increasing it from $200 to just $500 can save you up to 30% on your auto insurance.

3. Get Safety Discounts

Most insurance companies will give you a discount for having safety features like air bags, anti-lock brakes, and automatic seat belts.

4. Get Security Discounts

You can get a good-sized discount for having a car alarm, anti-theft device, or electronic disabler installed on your car.

5. Get Low Mileage Discounts

Most insurance companies will give you a low mileage discount if you drive your car less than the average driver.

6. Ask About Other Discounts

Insurance companies offer all kinds of discounts – senior discounts, safe driver discounts, driver education discounts, good student discounts, military discounts, and law enforcement discounts. Ask your insurer about all the discounts that are available to you and have them included in your policy.

7. Buy a Low-Profile Car

Cars that cost a lot to repair, like high-end sports cars, and cars that are targeted by thieves, cost a lot more to insure than less expensive late model sedans.

8. Maintain a Good Credit Rating

Believe it or not, your credit rating is now used by some companies to rate your insurance premium. To lower your premium, take a look at your credit rating and see if you can improve it, or choose a credit company that doesn’t use credit ratings to judge insurance risk.

9. Drop Collision and Comprehensive Coverage

Collision coverage pays to repair your car when you’re in an accident, and comprehensive coverage pays for repairs caused by fire, vandalism, and severe weather. If your car is worth less than your premium plus your deductible, it’s probably not worth carrying collision and comprehensive coverage.

10. Compare Rate Quotes

Because insurance rates can vary by hundreds of dollars from one company to another, comparing quotes and choosing the cheapest one is the best way to save money on your auto insurance. Rather than spending hours of your time calling companies on the phone or going to their websites, go to an insurance comparison website where you can get quotes from a number of companies in a matter of minutes.

Visit http://www.LowerRateQuotes.com or click on the following link to get auto insurance rate quotes from top-rated companies and see how much you can save. You can get more auto insurance tips in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.




By: ryan@thesatellitetvguide.com

Everyone likes to save money and your automobile insurance is a great place to find savings. You’re most likely required by state law to carry auto insurance on any car you own and auto insurance costs can vary widely.

Here are eight tips to help you start saving money with your automobile insurance.

1. Compare auto insurance quotes – this advice might sound simple, but it is the best way to find the best possible auto insurance rate. Get at least auto insurance quotes to compare and make certain you are comparing similar policies.

2. One way to buy less expensive auto insurance is to ask for a high deductible. You will be out a much larger out-of-pocket expense in the event your auto insurance policy is used to cover a claim, but your premium will be substantially lower. If you take your deductible up to $1000, you can expect savings of 40 percent, or more.

3. If your car is older consider reducing the coverage of your automobile insurance. Two types of coverage to think about are collision and comprehensive auto insurance. A good rule of thumb is to drop unnecessary coverage for any car worth less than 10 times the cost of coverage. In the event you make a claim for an older car, the amount you receive might be less than your auto insurance premiums.

4. Your car has a major impact on the cost of your auto insurance. For example, a sports car is going to be much more expensive to insure than a family sedan. When you are buying a car, take the automobile insurance costs into account. Safety features like air bags, car alarms and anti-lock brakes can all help reduce the cost of auto insurance. Other factors that affect your auto insurance premiums include the sticker price of the car, its safety rating, how much it costs to repair and how likely the car is to be stolen.

5. This tip really shows how shopping around and comparing auto insurance can pay off – if you don’t drive very much you might want to find an automobile insurance company that offers a low-mileage discount.

6. Another way to get a lower auto insurance premium is to buy your auto insurance from the same company where you carry other types of insurance, such as home insurance.

7. Save money by being a good citizen. Really. Keeping a good credit rating and a good driving record can reduce your auto insurance costs.

8. Find out if you are able to buy auto insurance with a group plan at your work or through a group like a professional association. Group plans can offer very large discounts on most types of insurance, including auto insurance.




By: Barclay Win