How To Drastically Reduce Your Auto Insurance Costs
How To Drastically Reduce Your Auto Insurance Costs
Obtain a lots of quotes
Get as much quotes as you can. Call up all the insurance brokers you can find and ask them for auto insurance quotes.
Get quotes from different sources.
Make an online search, direct marketing insurance companies and brokers. Don't simply accept the cheapest auto insurance quote you can find, the company may well not pay out if you need to claim.
Do car research
Insurance charges vary depending on car type. The expensive sports cars will surely cost much more to insure than your mom's hatchback which struggles to get up the slightest hill and would never reach 200km per hour.
Old cars are riskier
If however you be buying an used car, think about taking out third party auto insurance as opposed to the full comprehensive cover we are all encouraged to take out. It works out cheaper compared to comprehensive and your vehicle is most often written off if it is in an accident because it has a minimal resale value which is easily topped by repairs costs.
A good rule of thumb is to take the insurance premium and multiply it by ten, if your car is worth lower than that amount, consider getting 3rd party insurance as opposed to comprehensive cover.
Opt for higher excess payments
Insurance providers use the excess payment to be sure that you do not claim unnecessarily. The higher you make your excess payment, the less risk the insurance company faces of having to pay out for a claim. Check what you would be able to afford to spend of your pocket if you're ever in an accident and make that your excess payment. This may dramatically decrease your auto insurance premiums. Just remember that you will have to pay the excess payment should you ever claim on your insurance policy.
Consolidate your insurance
The more insurance coverage you've got sticking with the same company, the more likely you are to obtain a lower auto insurance quote. Insurers offer loyalty discounts to clients who hold several policies with them.
Keep your mileage down
These days, a lot of people work from home. This means less driving around and less chance of getting into any sort of accident. Mention this to your insurance broker and see if they will provide you with a discount for being a lower risk. Some policies are obtainable on a per kilometre rate. Where the less you drive the less you pay monthly.
Clean driving history
If you manage to keep your driving record clean by avoiding accidents and speeding fines, you may well obtain a discounted auto insurance premium. It is because you display low risk behaviour and the insurance company feels like they can take more of a chance on you.
As you can see there are a variety of ways to get your auto insurance premiums down, way down. Not one of them are expensive or take that much effort, so do yourself a favour and put a number of them in place before you buy a new car and save some cash. Car Insurance Discounts For Green Drivers Available Discounts To Save On Car Insurance Guide On How To Get Auto Insurance Quotes For Tennessee Things To Take Note Of When Purchasing Car Insurance In New Jersey Qualities To Check On Auto Insurance Companies In Maine Advantages When You Compare Alabama Auto Insurance How To Find The Cheapest Car Insurance In Colorado How To Get Auto Insurance Quotes Online In No Time Why Car Insurance Rate Comparison Is Very Important Ways To Find Auto Insurance With No Down Payment How To Obtain Auto Insurance In Florida Battle Workplace Injuries – 3 Steps to Using Slings the Safe Way The Facts About Auto Insurance In Arizona