Auto Insurance Rates -- To Save Much, Try These

Everyone out there would be very glad to find a way of enjoying affordable rates as long as such a way does not downgrade the scope of coverage they enjoy. Let's discuss several proven ways of getting just that...

1. Certain vehicles cost much to insure. Therefore, as you look out for the wonderful specs of the car you intend to buy, take some time to ask how much it typically costs to insure. Two factors that will make you pay more for auto insurance are a vehicle's crash rating and theft rate.

Also, cars that generally cost more to repair also cost more to insure. This is my personal opinion; but it does make sense to choose a comparable car that is more insurance-friendly.

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2. A vehicle with a high safety rating will make you eligible for lower rates than one with a poor rating all other things being equal. Opt for vehicles that have systems that improve safety. They will make you eligible for a Safe Car Discount. To get more information on this and how much you can save by having them, talk with your insurance agent.

3. Young drivers are statistically very bad risks. 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. It will have an adverse effect on your rate. 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. Teens who pay for their own auto insurance are more willing to take steps to bring it down. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

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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. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. Insurers offer these as incentives to keep you with them since it serves them better too.

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.

let'sassume, that you will get a five percent (or $125) discount after your third year with an insurance company where you current auto insurance rate is $2,500.

But also know that your rates may be raised to reflect the effect of inflation. Between these 3 years you might get an insurance provider who'll give you the same auto insurance coverage or better for under $2,000. In such a case, it is of no value to continue because you are after a discount down the line when you can pay less at the moment.

you will most likely get lower rates if you make out time to do extensive shopping since there are hundreds of insurers out there. You can only be sure if it is true in your case after you obtain and compare quotes from a good number of auto insurance companies to see where your interest is better served..

5. Defensive driving makes you eligible for cheaper rates so complete a course on it. In addition to the fact that they will bring down your rate, they will help keep you and others safer.

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.

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. As an under twenty five, you can pay lower car insurance rates if you use your parents' policy. The fact that you are of driving age means that your parents belong to a better risk age bracket.

There are two conditions that you must fulfill to make this possible: The vehicle must be registered in your parents' name and you must live with them. If you don't like the idea of giving the car's ownership to them and other stuff that may be attached to that, then you will have to forget this option.

8. You can see savings of hundreds of dollars on your auto insurance policy by getting insurance quotes from insurance quotes sites. The best way is to visit at least five quotes sites and ensuring that you give the same (correct) information about yourself.

I recommend that you visit a minimum of five quotes sites since that will ensure you do not miss out offers not presented by the other sites. This gives you a broader basis for doing more thorough comparisons thereby increasing your chances of realizing more savings.

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