Those TV commercials featuring happy customers who saved money and got low cost auto insurance aren’t just hype. After many years of rate increases and premiums, the cost of auto insurance is finally starting to come down. But auto insurance companies are still choosy about who can get a break on their insurance costs.
It is wise to start with your current auto insurance company to make sure you’re paying as little as possible for your premium.
The next step is to consider other ways to get low cost auto insurance and the discounts you can take advantage of.
Effective Ways To Get Low Cost Auto Insurance
* Buy A Safer Vehicle. Premiums for collision and comprehensive coverage depend on accident and theft claims and the costs of repairing your vehicle. The more expensive the vehicle, the more you will pay. Buying a safer car can help you get low cost auto insurance. Simply look into vehicle ratings. Auto manufacturers have 1 to 5 star government crash test ratings. A 5 star crash test rating is the best a vehicle can get.
* Work On Your Credit Score. The better your credit, the higher your insurance score. This score is a slightly modified version of your credit score that insures use to help set rates.
* Combine Auto And Homeowners Insurance. You can shop for both as a package, and you can typically save up to 10 % on each. You can also add an umbrella liability, or a life or health insurance policy and get an even better price break.
* Clean Up Your Driving Record. Three years without a ticket or accident are usually enough to qualify you for low cost auto insurance premiums that are available.
* Drop Collision And Comprehensive On An Older Vehicle. You can reduce your premium by at least 1/3rd. Raising your deductible from $400 to $1,200 on most vehicles can save you as much as 40%. This is a very effective way to get low cost auto insurance.
* Ask For Discounts. Getting a 10% discount on a multicar discount may be automatic, but many other price breaks aren’t always as obvious. If you drive fewer than 7,500 miles a year, you can usually get you a 5% to 10% discount. You can get a lower premium if your vehicle has anti-theft devices and you may pay less if you have safety features such as ABS brakes and automatic seatbelts. Your type of occupation can also get you a low cost auto insurance policy discount up to 10%. Taking a safe drivers class can help you get a discount, but it has to be voluntary and not because of a traffic violation.
You can get low cost auto insurance with a little time and research into the many aspects that effect the cost of your insurance premiums. It's best to get several auto insurance quotes online, so you can easily compare the best rates and plans.
Even if you don't have a colleague who pays far less for more, unless you have gone through the process I'll show in this article, you could be paying anywhere between $400 and $2000 more for a comparable or inferior insurance policy. Here are a few things that could be responsible for such...
S/he may have a more insurance friendly profile. What they call "preferred auto" insurance prospect. These have to do with your driving history, age grouping, marital status, no claims history and things like that.
But what if you really are sure you have a more insurance friendly profile but still pay much more? Then there could only be one reason. Listen up: You have not done extensive research or shopping.
In one of my researches, I saw a profile that had a difference of over $2000 (For a comparable service) between two insurance companies. Now I must say this. The insurance companies are not ripping you off. It's just that their system of calculating the risk involved in insuring a prospect isn't favorable to such a profile. I really took time out to explain why this is so in another article.
So back to what we were saying...
If you didn't do extensive research, you almost definitely are paying way too much than you should. So how do you do an extensive research?
Before you begin to think that this involves some brain-surgery-level of sophistication, all you really need to do this is a few minutes and a computer. All that's involved is visiting auto insurance quotes and comparison sites. Each will take you only a few minutes. They usually return about 5 quotes or more.
However, I strongly recommend that you get as many quotes as you can from as many of these sites as possible. The simple reason is that some sites will not include certain insurance companies for reasons best known to them (A likely one is that they don't want to pitch their sponsors against better priced competition).
If you do this well, you'll have many different quotes then you can start the next stage: Comparing quotes to see where your bread is better buttered. It's easy and will take you only around 3-5 minutes per site. But can you imagine how happy you'll be if you make savings of $1000 (or even $100) for 3-5 minutes work?
Both Dean Shainin & Chimezirim Chinecherem Odimba are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Dean Shainin has sinced written about articles on various topics from Mortgage, Adsense and Bankruptcy Law. Dean Shainin offers free online low cost auto insurance quotes. For more information, articles, news, tools and valuable resources on low cost auto insurance, visit this site:. Dean Shainin's top article generates over 90500 views. to your Favourites.
Chimezirim Chinecherem Odimba has sinced written about articles on various topics from Health Insurance, Mortgage Insurance and Insurance. Would you call yourself wise if you passed up a free opportunity to save much cash? Get your low cost auto insurance quotes here:. Chimezirim Chinecherem Odimba's top article generates over 27100 views. to your Favourites.