subject: How Do I Reduce My High Risk Auto Insurance Quotes? [print this page] In these hard economic times no one wants to spend money unless they are receiving value for their hard earned dollar. This is especially true when searching for high risk auto insurance quotes. Many times people buy insurance without knowing the different policies and price points that are available on the market. By doing this they are not ensuring that they receive top value for the money they spend. This is especially true for those individuals who are considered high risk.
Insurance companies categorize individuals as high risk using several factors. These include past accidents which happened under the influence of alcohol or other substances, owning a modified car that is consided a race car, teens and individuals who reside in areas that are prone to theft and break ins. If you fall in any of these categories then you will need to take the necessary steps to minimize the risk factors before searching for a cheap insurance policy.
Teens can reduce their high risk auto insurance quotes by going through a graduated licensing program. This can reduce the cost of their policy by almost one third. By removing some of the modifications on the car you can also get a cheaper insurance quote. Once you have decided what to do to reduce the cost of your insurance your next step is to find the right provider.
Your first stop should be the internet. By using an online high risk auto insurance quote provider you are able to see the rates of all the leading insurance companies plus more. This way you can pick the one that is right for you. Most companies prefer to do business this way because it reduces their over head costs and increases their efficiency. This is why they are able to provide cheaper quotes through online services.
Most individuals make the mistake of settling for the first quote they find and not doing the research to see if there is something better on the market. By just applying a little effort and spending a few minutes online you can save a lot on your insurance, even if you are searching for high risk auto insurance quotes. By paying all your existing fines, you can call or visit your motor vehicle office to have them clear your driving history.
Owning a safe car, such as those with air bags and anti-theft devices will carry a cheaper insurance rate. By increasing the deductible on the policy you can save a lot of money on your premium. Insurance that is bought through the homeowner's or renter's insurance company is sometimes eligible to receive a 15% discount. It is a good idea to talk to an insurance agent about other areas in which you may be eligible to receive a discount such as senior citizens, low mileage and drivers' education.
Taking some of the steps outlined in this article could save your lots on your next high risk auto insurance quote.
by: Preston Mane
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