The Ultimate Strategy For Lower Car Insurance Costs

Click for The Best Collection of Kindle Fire HDs One of the highest reoccurring costs of a vehicle is maintaining your auto insurance coverage. Your car insurance rates are based upon that you cannot change a few factors. These factors can include your previous driving record, age and gender. However, there are varieties of ways you can receive discounts or a lower price on your monthly or yearly premiums. Following these tips will help you receive the best price for your car insurance coverage.

Shop for Quote

Taking the time to shop around auto insurance companies for the best price quote can save you up to 50 percent. Prices vary greatly between companies and their locations. The simplest way to get an idea of who has the lowest prices for the coverage you want is to go to the National Association of Insurance Commissioners and view their map of insurance companies in your location. There are a variety of online sites dedicated to letting the consumer comparison shop online car insurance price quotes, but many of these websites leave off companies that refuse to pay them a commission so be sure to price all the auto insurance companies in your area.
Raise Deductible Rates The deductible is the amount of money you pay up front for any damages before your insurance covers the rest. Asking for a higher deductible rate may lower the cost of your coverage by up to 30 percent. The majority of auto insurance companies will allow you to raise your deducible up to $1,000 if you are looking for collision and comprehensive coverage.

Discontinue Coverage You Do Not Need

If your car is old and paid off, your collision coverage may cost you more than the car would be worth repairing. In cases like this, having simple No-Fault insurance may be enough coverage, and you can drop the collision and comprehensive coverage saving you a large chuck of your insurance costs. Additionally, if you have excellent medical coverage for your health, any disabilities that may happen and a life insurance policy you can take the minimum amount required for personal injury through your auto insurance.

Learn What Discounts Your Insurance Company Offers

All insurance companies offer a variety of discounts to reduce your insurance premiums. An excellent driving record can often lower your insurance costs. If you rarely drive, you may qualify for a low-mileage discount. Having safety measures for your automobile such as air bags, anti-lock brakes and an alarm system could even qualify you for an additional discount. If there is a teen driver in your family, you may qualify for even more discounts for good grades and drivers’ education courses. Seniors even qualify for their own discount. So when you are shopping around ask what discount the car insurance company offers and then subtract that from your original price giving you a total. Just because a company may offer many discounts does not mean that they are a better deal, you have to look at the starting quote and figure out your final cost.

Thomas Williams
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