Here are some useful tips on how to get cheap
and the Best Car Insurance Rates and save money at the same
time with your car insurance policy.
Choose to have higher deductibles
A deductible is the out-of-pocket amount that you would have to
pay before your auto insurance policy take effect. You could save
at least 15% to 30% on the cost of your collision and comprehensive
coverage.
Maintain good credit history
Most auto insurance companies use your credit rating to determine
how much you should pay for auto insurance. Consumer can receive
cheaper auto insurance rates with better credit scores. Auto insurance
companies have determined that consumers with better credit tend
to have fewer accidents. Get a copy of your credit report and
correct errors or information that could negatively affect your
score.
Maintain a good driving record
Many companies offer auto insurance discounts for drivers who
have not had any accidents or tickets for a specific number of
years.
Compare auto insurance cost before you buy
that new car
Before buying a new or used car, check with your auto insurance
company for estimated coverage costs. Depending on the safety
features on the car, you could get cheap car insurance rates.
Air bags, anti-lock brakes, car alarms, and daytime running lights
could qualify for car insurance discounts. Also, cars with high
theft rates and repair cost will cost more to insure.
Reduce coverage on older cars
Cheap auto insurance rates can be had by dropping collision and
comprehensive coverage on older cars. If your older car is worth
less than 10 times the amount you'd pay for coverage, any claim
payment you'd receive would not substantially exceed your premiums
minus deductibles.
Insure your home and car with the same insurer
Having both your homeowners and auto coverage with the same insurance
company will usually get you cheap auto insurance rates.
Save 10%-20% off your premiums.
Ask about auto insurance discounts
Auto insurance policy discounts varies among the auto insurance
companies. compare auto insurance should include discounts
for:
Air bag
Anti-lock brakes
Higher deductibles
No accidents in the past 3 years
No tickets in the past 3 years
Student drivers with good grades
Multiple car coverages
Low mileage discounts
Driver training course or defensive driving course
Senior discount
Car alarm / locator device
Comparison shop for auto insurance companies
Compare auto insurance rates from at least three different companies.
You can call the auto insurance companies directly or get online
auto insurance quote. Consumers can check insurance rating companies
to compare the financial stability of different auto insurance
companies. Insurance rating companies include: AMBest, Standard
and Poors, and Moody's
