subject: Cheap Auto Insurance 101 [print this page] Multiple Policies Multiple Policies
One of the easiest ways to gain a discount on auto insurance is to combine policies. For those with two or more vehicles, they should go to their preferred carrier which they have a policy with and see what discounts can be had by moving their other vehicles across.
If a person does not own more than one vehicle, this does not mean that they cant benefit from combining policies. If they have home or contents insurance and even life insurance with a particular company, it is advisable to go to those companies and ask about auto insurance. Nowadays, many insurance companies have expanded beyond their original niche and now offer package deals as it were to people who would like to insure everything with them. Not only will this save money, but there is also a certain convenience to only having to deal with one company for all insurance policies. It is important though, to get the balance between cost and policy just right. When looking at combining policies like this, holders should be wary of taking on a policy which does not give them the cover they need. That being said, it is always possible to ask for an amendment to the policy and discuss the individuals needs with the broker. Many companies are willing to make small changes to a policy in order to receive the much needed custom.
Keep On Top Of Payments
Most people these days will opt for spreading the cost of their car insurance and many other bills, over the course of the year with monthly payments. Whilst this is a good way of budgeting and covering all the household costs that need to be covered, if for whatever reason the policy holder miscalculated and they cannot afford to pay the premiums after a few months, this could potentially turn into a disaster for several reasons:
The contract which the client entered into with the insurance company would have said that without payment, the car is not insured. Therefore the car, if still being driven, would essentially be on the road illegally.
If a driver had continued to drive and was involved in an accident, they would not be covered by the policy because of breach of contract and there would be nothing there to cover costs of damage to theirs or the other persons vehicles.
Late payments would incur charges, as well as give the impression to the insurance company that the policy holder was unreliable. Insurance companies do not like unreliable people and have a habit of increasing premiums for those who they consider to be a liability.
If a persons financial situation allows it, it is easier and cheaper to pay for a year up front. Most companies will offer one month free if paying this way.
Finding inexpensive car insurance is not a two minute job, but with dedication, there is no need for people to pay astronomical prices for their car insurance.
by: Vincent Baker
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