subject: Finding Cheap Auto Insurance Rates: Using The Best Strategy [print this page] Finding Cheap Auto Insurance Rates: Using The Best Strategy
It should go without saying that a vehicle owner should avoid overly expensive insurance rates by comparing various policies and obtaining several quotes. This may seem like a daunting task, however the evolution of the internet has reduced a seemingly daunting task to a piece of cake - provided, you have a winning strategy in getting cheap auto insurance rates.
One thing you definitely must know in your quest to get cheap auto insurance rates is you have the advantage of a 30%-savings on your costs. This is owed to the fact that the numerous insurance providers are all falling head over heels to do business with you. Since you have this head start, you may as well make the very best of the opportunity (what do you say?).
In making the best of the opportunity, It will be a great approach to combine a number of sleek moves in getting what you want- which is, cheap auto insurance rates. Let's begin:
1. Where am I?
For starters, you may want to acquaint yourself with the state regulations for minimum coverage requirements. These requirements can apply to liabiity and personal injury.
2. I Love my car
If your car is the talk of the town but is not economically convenient for you insurance-wise, it may be a good idea to settle for a vehicle that will suit your insurance deals.
3. But it's cheap...
Cheap insurance rates are what many of us aim for. You remember the clich, "If it's too good to be true, it probably is"? Before making any decision about dealing with an insurance company, make sure the company is legit. The better business bureau should come in handy at this point.
4. Ok, they are legit, but can they deliver?
One way of knowing this is by looking at the company's financial statement. If the company is falling short in this aspect, it's probably a good idea to look elsewhere. This is because you cannot guarantee that the company will be able to pay you your insurance claims if and when you need it.
5. The deductibles
Simply this: choose a higher deductible to lower your premium. This stems from the fact that a higher deductible equates to a lower rate.
6. Consider the underwriting
Auto insurance rates are usually based on some things like vehicle information, driver's age, and marital status, just to mention a few. In trying to make the best comparisons, make sure the underwriting information for each policy is the same. Incorrect underwriting information can increase your auto insurance rate.
7. The extras
Be sure to inquire about special discounts giving to drivers who have participated in a driver's education course or a course in defensive driving. In addition, be on the lookout for companies who compensate drivers with a safe driving record.
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