Autos Insurance

9 Ways to Lower Your Auto Insurance Costs

9 Ways to Lower Your Auto Insurance Costs

One of the best ways to lower your auto insurance costs is a good driving record.
Below are other things that you can do to lower your insurance costs.

Listed below are other things you can do to lower your insurance costs.

1. Shop around

The price varies from company to company, so it pays to shop around to get at least three price quotes. You can get information on the Internet or get information directly from companies. Your state insurance department can also compare the prices charged by large insurance companies.

Buy insurance for your security financially and provide peace of mind. It is important to choose a company that is financially stable. Rating companies such as AM Check the financial health of insurance companies like Contact BEST (ambest) and Standard & Poor’s (standardandpoors) and customer magazines.

Get Quotes from Different Types of Insurance Companies Some sell it through their agents. These agencies have the same name as an insurance company. Some are selling by independent agents who offer policies of many insurance companies. They do not use other agents, they sell directly to customers over the phone or through the Internet

Do not buy at just one price. Ask friends and relatives for their recommendations Contact your state insurance department to find out if the company provides information about customer complaints. Choose an agent or company representative that takes time to answer your questions. You can use the checklist behind this brochure to compare the quotes of insurance companies.

2. Before you buy a car, compare insurance costs

Before you buy a new or used car, check insurance costs. The car insurance premium is based on the car’s cost, the cost of improving it, its overall safety record and the possibility of theft. Many insurance companies offer discounts for features that reduce the risk of injuries or theft. To help you decide which car you buy, you can get information from the Insurance Institute (www.iihs.org) for highway safety.

3. Ask for higher deductibles

Discounts are you to pay before you kick in your insurance policy. By requesting high deductible, you can significantly reduce your costs. For example, by increasing your deductible from $ 200 to $ 500, you can reduce the cost of your collision and extensive coverage by 15 to 30 percent. You can save up to 40% or more by deducting $ 1,000. Before choosing a high deductible, make sure you have enough money to pay if you have a claim amount.

4. Reduce coverage on older cars

Decide on clash and / or extensive coverage on older cars. If your car is less than 10 times the premium, the coverage of coverage may not be cost effective. Auto dealers and banks can tell you the value of a car. Or you can watch online at Kelly Blue Book (kbb). Review your coverage at the time of renewal to ensure that your insurance requirement has not changed.

5. Buy your homeowners and auto coverage from the same insurer

Many insurance companies will give you a break if you buy two or more types of insurance. You can also get a reduction if you have more than one vehicle to insure with the same company. Some insurers reduce rates for long time customers. But it still makes sense to shop around! You can save money, buying from various insurance companies, is comparable with a multipolicy discount.

6. Maintain a good credit record

Establishing a solid credit history can reduce your insurance costs. Most insurance companies use credit information in an auto insurance policy. Research shows that those who effectively manage their credit arrangements make less claims. To protect your credit time, pay your bills on time, get more credit than you need and keep your credit balance as little as possible. Check your credit records on a regular basis and any errors are instantly improved so that your records remain accurate

7. Take advantage of low mileage discounts

Some companies offer motorists who number no less than miles per year in number drive discounts. Low mileage deduction can also apply to drivers who work in the car pool.

8. Ask about group insurance

Some companies offer drivers a reduction in their professional, business and former groups or from other organizations to get insurance through their employer group plan. Ask your employer and inquire about groups or clubs if you are a member to see this is possible.

9. Seek out other discounts

Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is away at college without a car, you may also qualify for a lower rate.

When you comparison shop, inquire about discounts for the following:*

Antitheft Devices
Auto and Homeowners Coverage with the Same Company
College Students away from Home
Defensive Driving Courses
Drivers Ed Courses
Good Credit Record
Higher deductibles
Low Annual Mileage
Long-Time Customer
More than 1 car
No Accidents in 3 Years
No Moving Violations in 3 Years
Student Drivers with Good Grades

*The discounts listed may not be available in all states or from all insurance companies.

The key to savings is not the discounts, but the final price. A company that offers few discounts may still have a lower overall price.

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