Category Archives: Cheap Auto Insurance Rates

Cheap Auto Insurance Rates

LOWER YOUR CAR INSURANCE RATE

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If You Refuse To Pay High Insurance Rates…Here Are 7 “Bargaining Chips” you Can Use to Negotiate a Better Insurance Rate.

Lower Your Car Insurance Rate

Lower Your Car Insurance Rate

Lower Your Car Insurance Rate

Having a good driving record is one of the best ways to keep your car insurance rates down.  Here are a few other ways to help lower your costs.

1.    Shop Around

Make companies compete for your business.  Prices will vary from company to company.  So, be sure to ask at least 3-4 different companies for a auto insurance quote.  Make them earn your business. Talk to your friends, neighbors and coworkers about their insurance policies.  If they’re happy with their insurance company there is a good chance you will be too.

There are dozens of companies on line willing to give you a free car insurance quote (like FreeCarInsuranceQuotes.org and CarInsurance.com).  This may be a good starting place for you.  Keep your eyes and ears open for radio and TV advertisements.  Again, these agencies are willing to compete for your business; so, don’t settle.

2.    Ask For Higher Deductibles

Deductibles are what you pay before your insurance policy kicks in.  By raising your deductible, you can lower your insurance rates significantly.  For instance, raising your deductible from $250 to $500 can reduce your collision and comprehensive coverage 10-30 percent.  Raising your deductible to a $1000 could save you as much as 40% or better.

Just be sure you have the cash on hand to cover yourself in the event of a claim.

3.    Have Safety/ Anti-theft Devices Installed

You may be eligible for further insurance discounts if your vehicle is equipped with one or more options:  anti-lock brakes, automatic seat belts, air bags, or traction control.  Installing a vehicle recovery systems such as LoJack or Teletracer can save you up to 7-10% per year.  Other Anti-theft devices like The Club are relatively inexpensive and can also help to reduce your insurance premiums.

4.    Consolidate Insurance Policies

Insuring two or more vehicles through the same insurance company can help to reduce your insurance rates by as much as 10%-15%.  Covering your home through the same company that insures your vehicles can help lower your Car Insurance rates by an additional 10%-15%.

5. Teenagers and College Bound Drivers

Teenagers and college bound drivers may consider driving the family car instead of driving his or her own vehicle.  Students attending school and living away from home can reduce their premiums by as much as 30-50 percent this way.

6.    Take Advantage of Low Mileage Discounts

Many insurance companies offer reduced insurance rates to people who car pool to work or find other ways to keep their mileage low.

7.    Safety Courses

Along with having a clean driving record, taking additional driver’s safety courses could save you some 7-10% on your car insurance.  If you are given a traffic citation, ask about the types of courses they offer.  Some states willing to keep your insurance record clean if you agree to take complete these courses.

Conclusion

Lowering your auto insurance, in many instances, is about knowing what questions to ask and what you are entitled to.  Since many companies aren’t going to do your homework for you, here is the short list of discounts you should inquire about:

  • Low Mileage
  • $500 Deductible
  • $1000 Deductible
  • More than One Car
  • No Accidents in 3 Years, 5 Years, and so on
  • No Moving Violations in 3 Years
  • Driver Training Course
  • Defensive Driving Courses
  • Anti-Theft Devices
  • Safety Features (like Air Bags, Anti-lock Brakes, Daytime Running Lights, etc.)
  • Student Drivers with Good Grades
  • Consolidating Policies
  • College Students Away From Home
  • Long-Time Customers
  • Discounts for Non Smokers and Retirees

Deductions will vary from state to state and from insurance company to insurance company.  So be sure to ask. Also the key to lowering your auto insurance rate is not necessarily how many discounts you are eligible for.  It’s the bottom line that matters.

Shopping for cheap auto insurance? Drive Less to get cheap car insurance

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cheap auto insurance

cheap auto insurance

Shopping for cheap auto insurance can be hassle for anyone. We all have to have car insurance at some point in our lives. If you drive any type of vehicle, the law in most states requires you to buy minimum liability coverage no matter how young or old. There are many factors that affect your car insurance premium such as age, type of car, deductible, etc., but you may not realize that how often you drive can also affect your premium. Cheaper car insurance rates can often be obtained by simply driving less on a regular basis. Let’s explore the “how and why” of this simple rate reducer.

What’s Your Daily Commute?

Your insurance company will likely ask a few questions about your daily commute to work. Do you drive only within 10 to 15 miles to work or do you drive out of town, from 25 to 50 miles per day? An insurer might want to know if you drive mostly on country roads, the interstate, or in heavy traffic within city limits. And what’s the reason for this knowledge? Where and how far you drive can greatly affect your risk factor when it comes to insurance coverage.

If you drive in heavy traffic or for long distances each day, you’re more likely to be involved in an accident or receive a ticket for speeding or some other traffic violation. If you commute on the interstate frequently where speeds are higher than usual, this may also cause the insurer to consider you to be a high-risk customer.

If you commute less than most people, there’s less of a chance for accidents. Your insurer may reward you with cheap auto insurance rates. For example, if you’re a homemaker or work at home and rarely leave the house except to run a few errands, you will likely receive better rates than someone who drives 25 to 50 miles one way to work every day.

Less Risk; More Profits

From an insurer’s point of view, drivers who very seldom visit the highway in their automobile pose less risk and bring more profits. These are ideal customers. After all, liability insurance is required in most states. Collision coverage is required by most banks while the borrower’s car loan still has a balance. So in the business world, car insurance can be a product that must be purchased whether it is ever used or not. The driver who very seldom or never has a claim pays the insurer for years and years while rarely receiving actual service in return other than processing their payment. Insurers consider these ideal customers that keep the company’s profits flowing. If you fall into this category as an “ideal customer” you will likely receive cheap car insurance when compared with more frequent drivers.

There are also PAYD (Pay As You Drive) policies in place in some states that enable you to pay for insurance as you go. This works well if you very seldom drive and need to be insured only for certain occasions or a short period of time. You’ll basically pay a premium based on mileage as necessary.

As you consider where to buy auto coverage, be sure to use online auto comparisons to learn which cheap auto insurance options are available for your needs. Quote comparison sites offer pricing, policy details and more so you can find quality coverage at an affordable price.