Lower Your Car Insurance Rates With These Tips |
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Greg James
4 September 2012
Affordable automobile insurance is obtainable if you know what the carriers require and you study these helpful tips. Insurance providers use several different criteria to choose which drivers obtain the best rates.
Reduce your annual mileage for your vehicle. If lowering the amount of driving you do isn't feasible, an alternative is to buy an inexpensive second vehicle. You may find that the cost to insure two low mileage vehicles each year is cheaper than one high mileage vehicle.
Ask local body shops that you trust who they think are the best insurance companies for you to purchase a policy from. The employees of body shops deal insurance companies constantly. They can give you an honest and informed opinion on which insurance companies are good and which are tough to work with.
With other expenses already so high, it is a good idea to drop some of those after-market upgrades that only add to aesthetic value. Luxuries in your vehicle, while nice, are not a necessity. Insurance will rarely reimburse you for any of the tempting luxury extras added to your vehicle after purchase in case of damage or theft.
It is important to review your automotive insurance policy for errors. Inaccurate info could result in denied claims or higher premiums. Does the policy list the right address? Look at the year, model and make of the car listed to make sure it is right. Your premium can be affected by estimated yearly mileage, so make sure that this is part of your policy if your commute to work is short.
When reviewing a car insurance, check to see if it covers "uninsured" drivers. This factor needs to be considered because it could increase the premium that you pay. If an uninsured driver causes an accident, it is too late to discover that this act is not covered by your policy.
Insurance companies are all different. Because insurance companies offer a broad array of policy prices, always solicit additional quotes if you do not like the first few you receive.
When you are shopping for car insurance, get multiple quotes. Rates can vary dramatically from one company to the next. An annual review of your policy and its premium price against comparative firms is important to ensure that you are always paying the best price available. Being sure that the coverage is the same between the quotes that you are comparing.
Check into the rental car coverage of your insurance policy. If your current plan does not cover a rental while your main vehicle is being repaired, you will need to purchase supplementary insurance. This extra coverage can be way more than you think. Your car could take days or weeks to repair, and you will be paying supplemental premiums all the while.
If you are thinking of purchasing aftermarket enhancements for your car, check to find out how much will be covered by your insurance if there is theft or damage. Insurance often doesn't cover these parts separately, but only the difference between the value of the car with and without those parts, which is often not a lot.
If you are thinking about switching auto insurance companies, do not cancel your first insurance policy until you know for sure that you have another one. You should not be without auto insurance even for a short time, since accidents can and do happen at any time.
Even if your teenager begs, absolutely do not buy the teen a car. Instead, have them share a car the family already owns. You'll save money by adding a teenage driver to your current insurance policy. You may even be able to get a discount on your insurance if your teenager is a good student.
Unless the claim would be over $25,000, you should avoid filing a suit. If the claim is smaller than that, you're better off wrangling with your company's claims adjusters to negotiate to a settlement. In many case, getting an attorney is too expensive.
When you are with a professional organization, it is possible to get great discounts. AARP members and credit union members can often qualify for lower rates on auto insurance.
One surprising, though somewhat obvious, way to get an insurance discount, especially for males under the age of 25, is to get married. Some couples that get married wind up with insurance savings ranging as high as forty percent. While you should always marry for the right reasons, remember when you do that you could end up saving a lot of money.
Being penalized for poor driving can really raise your insurance rates. However, when your infractions expire, your rates will go back down. Once tickets and points are eradicated from your driving record, you should obtain new car insurance quotes.
If you do your research, you can find the auto insurance that fits your needs. With the advice and help offered in these tips, you can see that you are able to lower the premium.