subject: 6 Auto Insurance Recommendations For Smart Folks [print this page] 6 Auto Insurance Recommendations For Smart Folks
You can save a great deal if you understand how to get the cheapest quotes for the coverage you prefer (This piece will show you how). But even though that is very important, there are a host of other factors you have to take into consideration if you want to be eligible for the best rates. We'll discuss a few of them...
*An old driver can do several things to bring down his/her rate by becoming a preferred risk customer to any insurance carrier out there. One which is seriously suggested is going for a Drivers' Refresher Course at an accredited center.
If you are in doubt about the right one to attend and how beneficial it will be to dealings with your insurer, ask your agent. And, apart from the fact that you'll get a discount for this, you'll be doing the right thing as a good citizen to ensure the roads are safer.
*There are vehicles that cost much more to give adequate auto insurance coverage. It will be a wise move if you ask your agent before buying your next vehicle. A car of similar specification that has a poor crash rating and higher theft rate will cost a lot more to insure.
Another thing to find out is the cost of maintaining a car as it is also a factor that determines your rate. Asking the right questions will make it easy for you to avoid expensive-to-insure cars and get more affordable rates.
*You might be missing some concessions you are eligible for with your present insurance provider just because you do not know. Your agent could, choose to not tell you about some discounts that you are eligible for.
The only way to ensure it's false in your case is by telling your agent to list out every discount that your insurer offers. You might be astonished at discounts you have not taken advantage of.
*A common mistake that costs individuals much is buying coverage that they really do NOT need. What I am referring to here specifically is a type of situation where a customer gets coverage that cannot translate to benefits in any way.
Bearing in mind that things are better taken in when we give examples, let's look at a situation where a policyholder maintains collision or comprehensive coverage for a vehicle that's NOT worth up to a thousand dollars. It doesn't serve any useful purpose to purchase these for such a car. You'll understand this better (for those who don't know before now) if you are aware that pay outs for any car if it's totalled is limited to something called its Kelly Blue Book Value. The smart thing then if you are the owner of that kind of old car is to exclude those coverage types and employ your money in others ventures.
*Many insurers will give you a discount if you are part of an auto club. Even though you shouldn't look to get huge discounts for this, every little discount you can garner will add up to much when added to other such discounts.
*Do your utmost to always make sure your policy does NOT lapse.Folks who allow this to happen to them pay more expensive rates for a long time. It's easy for this to happen to some people as they are switching to another insurer.
Don't cancel your previous policy until the new one is in place and you'll not make this costly mistake. As simple as this may seem, many people are bearing the weight of exorbitant rates because of this silly little oversight.
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