How To Cut Down Your Auto Insurance Cost Without Putting Yourself At risk
There are tips you must understand and implement if you're truly serious about getting big discounts. Here are some of such things...
1. It will cost you much more to buy insurance for a car if it has a low safety rating. Opt for cars that have systems that increase safety. You'll be eligible for a Safe Car discount if your car has such features. Your insurance agent can help you with a list of safety devices that will get you a discount with your insurance company.
Affordable Auto Insurance
2. It's a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
3. If you are a part of a large company you could enjoy a group discount. Group discounts are given by insurance carriers as an incentive to members of an organization to buy their policies from them.
4. Although most people will question the wisdom behind this, your credit rating is used to decide whether you're a good a bad risk. Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. They maintain that experience and statistics show that a poor credit rating means irresponsibility which also plays out behind wheels.
5. A straightforward but effective way of lowering your premium is by authorizing an EFT (Electronic Funds Transfer). This just means your insurance provider withdraws your premiums automatically from your account each month without mailing you payment notices. This removes administrative overheads like those incurred when mailing payment notices. Your premium is therefore brought down to reflect the cheaper cost of giving you insurance. - 2368
1. It will cost you much more to buy insurance for a car if it has a low safety rating. Opt for cars that have systems that increase safety. You'll be eligible for a Safe Car discount if your car has such features. Your insurance agent can help you with a list of safety devices that will get you a discount with your insurance company.
Affordable Auto Insurance
2. It's a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
3. If you are a part of a large company you could enjoy a group discount. Group discounts are given by insurance carriers as an incentive to members of an organization to buy their policies from them.
4. Although most people will question the wisdom behind this, your credit rating is used to decide whether you're a good a bad risk. Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. They maintain that experience and statistics show that a poor credit rating means irresponsibility which also plays out behind wheels.
5. A straightforward but effective way of lowering your premium is by authorizing an EFT (Electronic Funds Transfer). This just means your insurance provider withdraws your premiums automatically from your account each month without mailing you payment notices. This removes administrative overheads like those incurred when mailing payment notices. Your premium is therefore brought down to reflect the cheaper cost of giving you insurance. - 2368
About the Author:
Learn more at Auto Insurance Quotes and Budget Car Insurance. Chimezirim Odimba writes on insurance.
posted by Frank Potter at 2:24 AM
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