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How To Save Money On Car Insurance
How to SAVE MONEY on Car Insurance and what to do to reduce the car insurance cost as much as possible?
Here’s some tips to suggest to everyone trying to reduce their own car insurance cost, most of these tips might be applicable to you, a few might not be.
- Shop around. There’s plenty of insurance providers, meaning there’s large amount of variety in the choices and pricing. The more companies you compare the more probably you will save money for your auto insurance. Use our car insurance quotes calculator and our insurance search below to compare a large number of insurance policies..
- Don’t accept a renewal quote. Do not accept a renewal premium from your existing insurance company, customer loyalty in the insurance business is value next to nothing. Really all the big insurances follow new customers by offering big discounts, often asking for half the price they charge to current customers for the exact same protection. It’s even worth applying to your current insurance provider as a new customer – you will find out simply how much they’re over-charging you.
- Ask for discounts. Many insurance agencies have discounts accessible, even when they might not be freely promoted. If you don’t drive frequently you might be able to be eligible for a a low-mileage discount. There are also discounts for not-young persons, women, etc. There are tons of discounts accessible, all you have to do is ask. Nothing to lose.
- Improve you driving. I’m sure you’re a great driver, but insurance providers are untrustworthy fellows therefore we need to show them. One way to demonstrate your determination to safe driving is by having a defensive driving course. Driving courses are provided in many states and insurance companies are known to offer discounts for participants of these courses. I recommend you call and ask the car insurance agency if they will offer you a discount (some do, some don’t). Having a defensive driving course might cost you a few hundreds dollars, but it could save you much more money long-lasting, plus you might learn a thing or two.
- Drop unneeded insurance coverage. Extensive or even accident protection for old motor vehicles may well not really make sense in financial terms. Think about the yearly expense to cover old cars in comparison to their possible sale price. It might be that it really is more expensive to cover an old car than it will cost you in order to replace one or collision coverage for older vehicles might not make sense economically. Think about the annual cost to insure older vehicles compared to their potential sale price. It might be that it costs more to insure an older vehicle than it costs to replace one.
- Drive “low-profile” vehicles. Drive motor vehicles which aren’t usually a target for radar guns or robbers. Annual studies can be found which show the favourite stolen autos every year. Research has as well demonstrate specific models and colours are more inclined to be stopped regarding exceeding the speed limit (red-colored sports automobiles, for example). cars that are not typically a target for radar guns or thieves. There are available online annual reports that list the most common stolen cars each year. Studies have also show certain models and colors are more inclined to be stopped for speeding (red sports cars, for example).
- Ask for auto-safety special discounts. Ask your car insurance agency about discounts obtainable in case you have specific security measures in your vehicle. Several insurance companies provide reduced prices for antilock braking system, air bags, auto security alarms and even more. And now, last but not least about how to save money on car insurance:
- Request higher deductibles. The insurance deductible is the amount of money you need to fork over just before | well before your car insurance policy comes to the rescue. By bumping your deductible up from $100 to $500, you can reduce the cost of your collision and comprehensive coverage by 20 to 40 %. By increasing it to $1,000, you can reduce that cost by no less than 50 %. Here just some tips about how to save money on car insurance!