subject: Keeping Your Money In Your Pocket When Purchasing Auto Insurance [print this page] Auto insurance is a must have for anyone that owns a vehicle. With an action plan in place, finding the best plan at the most affordable cost can be accomplished. Below are a number of tips to assist you in this process so that you can protect yourself with auto insurance.
Before purchasing insurance, shop around for the best price. Insurance companies quote you a rate depending on various factors. By shopping around and comparing rates, you can save a significant amount of money on your insurance.
If you have a teen driver you should request two separate quotes, one with your child on your policy and one with your child on a stand-alone policy. It pay be less expensive to purchase a separate policy for them, depending on what cars they are driving.
The major culprits of causing daytime accidents are the elderly. This is important because not only may it effect the rates of auto insurance, but also the ability to get insurance in the first place.
Create a list of the company's discounts, look it over, and figure out which ones you can get. Claiming these discounts can save you a surprising amount of money.
Think about whether your car really needs those fancy, expensive accessories. A decked out stereo system or toasty heated seats are nice to have, but they are not necessities. You may not be able to have your insurer reimburse you if you are in an accident or your car is stolen.
Reduce your premiums by going for the highest deductible you can afford. High-deductible insurance isn't very useful if you get into a fender bender, but it can be invaluable if you get into a major accident. Should you be driving a vehicle that has a low value, a higher deductible is almost always the smarter choice.
Decrease the amount of miles you drive each year. If you cannot reduce your mileage, get a cheaper car to drive as a secondary vehicle. You may find that the cost to insure two low mileage vehicles each year is cheaper than one high mileage vehicle.
Pay your car insurance all at once or quarterly. If you pay it by month you are paying around five bucks more. This small amount has the potential to add up very quickly. It is also a time consuming task when taking into account your other bills. It is much better to have fewer payments.
To keep your auto insurance costs at a minimum, don't include drivers on your policy that won't actually be driving your cars. If you have someone on your insurance that does not operate the vehicle, then you are pretty much just throwing away your money. Teenage drivers are the most costly ones; taking one off your policy will give you a dramatic premium reduction.
By now, you should realize that there are a number of ways to reduce how much you spend on auto insurance. You are in control of the amount you drive. If you do what you can to optimize these variables, you can save yourself a bundle on auto insurance premiums.
by: Eric Steffan
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