Car Insurance Rates -- To Save Considerably, Apply These

We all will be pleased to get a very affordable rate if it comes with adequate coverage. But how can this be achieved? Here are tips that will help you get huge discounts with ease...

1. There are cars that cost much more to insure. Therefore, as you look out for the exceptional specs of the car you want to buy, take some time to find out how much it typically costs to insure. Don't buy a car that has a high theft rate and/or a poor crash rating.

Another thing to find out is the cost of maintaining a car since it is also a factor that determines your rate. Asking the right questions will help you avoid the "wrong" car and get cheaper rates.

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2. It will cost you a lot more to insure a vehicle if it has a low safety rating. Does your vehicle have built-in safety features? Such systems get you a good discount. Examples of these safety devices are air bags, automatic seatbelt, ABS brakes and daytime running lights. Your agent can help you with a list of features that will make you eligible for a discount with your insurance company.

3. It's a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.

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. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.

Let your teen bear the responsibility of paying for their auto insurance. 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. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.

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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. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones.

But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.

Supposing your auto insurance premium with your current insurance provider is $2,500 you'll get a discount of about 5% or $125 if you continue for at least three years.

However, due to inflation, insurance companies may have to re-adjust their rates to show those changes. Within the course of these 3 years you would most likely get an insurance provider who'll offer you a similar auto insurance coverage or better for under $2,000. In this regard, it will be pointless to continue because you want to get a loyalty discount much later when you can enjoy lower rates immediately.

And, in most cases, most people will easily pay cheaper rates than they are presently on auto insurance if they do extensive shopping.. You can only be sure if it is true in your case if you obtain and evaluate quotes from a good number of auto insurance companies and then see where you'll gain more..

5. There are programs that are designed to improve your driving. Participate in them. In addition to making you a better driver, such programs will make you eligible for a discount with your insurance carrier provided such a class is one they approve.

6. Before you get carried away with the few hundreds you will save on a house, check if it will not cost you much more in auto insurance. Do you know also know that homes within the same neighbor might actually fall into different risk zones according to the insurance industry's mapping?

So check with your agent before you commit to a new home. I know: That isn't usually an issue when you're looking for a home but it's really important.

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

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7. Using your parents' auto insurance policy is a good option for you an under 25. If you are of driving age, then your parents certainly are far above 25 years which means they're lower risk drivers.

To take advantage of this though, you'll have to live with your parents and also have the car registered in their name. If you want to be the owner of your car, then be the big boy or girl and also own the higher rates. Sorry, you cannot have both with this alternative. However, you can still make huge savings by clicking the link at the end of this piece.

8. You can get lower quotes on auto insurance today by visiting not less than five insurance quotes sites. Each site will take you about 5 minutes or less to receive quotes. (Some folks fill in information that are not really correct about themselves. That isn't smart since the quotes you'll get this way will NOT be of any use to you).

You'll simply choose lowest auto insurance quote for you from the list of quotes returned. It's as simple as that. Nevertheless you could make savings hundreds of dollars.

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