Car Insurance Rates -- To Save Massively, Try These

Would you like a lower rate that still leaves you with adequate coverage? Let's look at some sure-fire ways of achieving just that...

1. The difference in the cost of insuring similar cars could be very huge. It will do you a world of good if you discuss with your agent before buying your next car. Two things that will make you pay more for auto insurance are a car's crash rating and theft rate.

Furthermore, it will also take much more to insure a car that costs a lot to repair or maintain. Asking the right questions will help you avoid the "wrong" car and get cheaper rates.

Insurance Quote

2. A car with a higher safety rating will attract lower rates than one with a poorer rating all other things being the same. Safety features should be given more consideration when shopping for a new vehicle. They'll qualify you for a Safe Car Discount. To get more details on this and how much you can save by having them, discuss with your insurance agent.

3. Under-25 drivers get higher rates than any other age group. More so, the younger an under-25 driver, the more they'd have to pay. That is why teenagers pay a lot more than 22-year olds.

This means that you'll help keep your rates down if you do NOT have a teen driver on your policy. You'll be made to pay very high rates if you do otherwise. Sign an exclusion form that will allow your teen driver have his or her own policy.

It's a fair price for them to pay to enjoy the adult privilege of driving. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.

Cheap Auto Insurance

4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Some insurers will give you up to 5% in discounts once you've been with them for up to three years while others will give you such a discount only when you've stayed for up to five.

The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. These are all incentives for you to stay with them for as long as possible. The longer you stay, the more you'll save.

However, what you may save by switching to another insurer might far outweigh all the incentives you'll get depending on what your rates are and how much another insurer is ready to offer.

If your auto insurance premium is $2,500 and you are given a five percent discount when you stay for up to five years you will pay $2,500 - (5% of $2,500 or $125) = $2,375.

But due to inflation, insurers may have to re-adjust their rates to reflect such changes. But if you do regular shopping for auto insurance you'll very likely get an insurer within those years of waiting who'll give you a similar coverage at a lower rate. In such a case, it will be pointless to continue because you want to get a discount down the line when you can enjoy lower rates at the moment.

But believe it or not, most folks can pay far less with another insurance company if they'll only take the time to shop properly.. In order to know if you're not simply missing out a better deal, get and compare auto insurance quotes from up to five insurance quotes sites..

5. There are programs that are designed to make you a better driver. Join them. Apart from the fact that they will help lower your rate, they will make you a better driver.

6. Do you know that some folks are paying much more in auto insurance because of where their homes are? Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

Therefore, take your time to ask your agent what effect your new zip code would have on your rates before you make that down payment. The truth is that most people don't think about this when they are about buying a home.

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

Budget Car Insurance

7. A good option for you is to use your parents' auto insurance policy. Your parents certainly belong to a better risk age group.

There are two conditions that you must fulfill for this to be possible: The car must be registered in your parents' name and you must live with them. If you do not like the idea of handing the car's ownership to them and other stuff that may be attached to that, then you will have to forego this option.

8. You can lower your auto insurance rates by obtaining and evaluating quotes from at least five good insurance quotes sites.

Get Cheap Auto Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!