subject: Stop! If Youre Paying Way Too Much For Car Insurance, Stop Now! [print this page] Are YOU paying way too much for your car insurance? Do your monthly premiums burn a hole in your pockets (and heart) each month? Heres what you can do to stop that.
Time to review your policy
Its not uncommon to find people loyal to their insurance providers. In fact, most often youll find that one insurance provider has been with the family through most of its generations. While this kind of loyalty is most likely to get you a discount for being a long-term policy holder, it might not always be the best choice for you. Truth be told, insurance companies can change their pricing every few years. It would be in your best interest, if you reviewed your policy once every year, shop around at what other insurance companies are offering and find out about the various discounts being offered by them.
Smart shoppers ask for discounts
When it comes to auto insurance, shopping around for rates gives you an idea of the discounts and schemes offered by insurance companies. But if youre looking to save some money on insurance, be vigilant about certain kinds of discounts you might be eligible for. Here is a list of some of the discounts you should keep an eye out for:
Multi-car discount- As the name suggests, a multi-car discount is offered to policy holders who insure more than one vehicle through an insurance provider.
Bundling home and auto insurance: When people shop for insurance, theyre usually looking to buy more than one kind of policy. Auto, home, motorcycle and life insurance are a few such examples. Many insurance companies provide discounts on premiums to those who buy more than one kind of insurance from them. People looking to insure their vehicles and homes, should inquire about the discounted rates offered for bundling your auto and home insurance. Bundling your auto and home insurance could save you some big bucks.
Defensive driver discount: A defensive driver course is a form of training motor vehicle drivers undergoes to learn to be conscientious, smart drivers. Enrolling in a defensive driving class could help you earn a discount.
Good student discount: A good student discount is a reduction of auto insurance premiums for a young driver who falls into the 'good student' category of the insurance provider. Though the definition might vary by company, a discount for a good student is based on the premise that good students are better drivers.
Low mileage discount: Some companies offer discounts to motorists who drive a lower-than-average number of miles per year.
Things that YOU can do to save on insurance:
Increase your deductible
Be a careful and cautious driver
Install safety and anti-theft devices to your vehicle
Drop collision and comprehensive insurance on older cars
When its a question of insuring your car, you not only want to make sure you get the best deal, but you also want to ensure that you get the best deal for YOU. No sense spending extra money when you could be saving it, right? We hope that the next time you shop for insurance; youll keep these pointers in mind and know how to make a better, more thought out decision about your auto insurance.
by: Bethany Collins
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