Affordable Auto Insurance Rate -- Simple But Sure-Fire Tips

1. Ensure your automobile insurance policy is not allowed to lapse no matter what.. Folks who allow this to happen to them pay higher rates for a long time. It's easy for this to happen to some folks as they are switching to another insurer.

To avoid a lapse, ensure the new policy is fully in operational before you cancel the previous one. It appear to be simple but, believe it or not, many people are paying higher rates today simply because they were negligent in this.

2. You'll pay cheaper rates if you choose to pay your premiums yearly and not monthly. Yes, paying monthly might be convenient but they are also much more expensive.

If you do transactions with banks you'll agree with me that each check you process is considered transaction which attracts charges. In a year, your monthly checks would be processed differently because they are all different transactions. This means that you will pay transaction charges 12 times..

Apart from this there are also administrative costs that come with the monthly payment option. A good example of such is the cost associated with mailing payment notices..

These and more are then included in your premium thus making it more than if you paid every year.

3. You'll get cheaper auto insurance premiums if you pay by Electronic Funds Transfer (EFT). By doing this you authorize an insurance company to automatically withdraw your premiums from your account at specified intervals. This saves your insurer in many ways such as eliminating the cost of sending payment notices and the expense associated with processing checks. This is why this gets you cheaper rates.

4. You will save a lot if you only have between 25-30 minutes. Visit, obtain and compare auto insurance quotes from various quotes sites. The cheapest offer should be your choice easily.

But, you have to look beyond simply the lowest price to the best price/value. The cheapest may not be the best price/value for you as an individual.

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