Steps To Attract The Lowest Automobile Insurance Quotes
It is NOT hard to find very cheap quotes and pay much less for adequate coverage once you understand the steps to take. This write-up will show you steps you can take if you want to affordable rates without reducing the quality of coverage you enjoy…
1. An easy but rewarding way of bringing down your premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes an insurance company to automatically withdraw your premiums from your account when due. This saves your insurer in many ways including removing the cost of mailing payment notices and the expense of processing checks. Your rate is therefore lowered to reflect the cheaper cost of providing insurance to you.
2. Young drivers are statistically very bad risks. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.
So you’ll do well to NOT place your teenage driver on your policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.
Let your teen bear the responsibility of paying for their auto insurance. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
Enjoy inexpensive car insurance for teens.
3. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Depending on the insurer, you’ll be eligible for a discount of 5% once you’ve stayed with them for between three and five years.
Most insurers will also not raise the rates of a long standing policy holder if they make only just one claim. Insurers offer these as incentives to keep you with them since it serves them better too.
However, what you may save by switching to another insurer might far outweigh all the incentives you’ll get depending on what your rates are and how much another insurer is ready to offer.
4. Add-ons like towing raise your premium without giving you as much value as using a towing service. Do you know that your credit card company might have already given you towing as an extra benefit?
Even if this is not the case with your credit card company, you’ll still get better service and save more if you exclude towing from your policy and you a dedicated towing company instead.
5. Make sure your car is always parked in a safe place. This means that you have to do all within your power to NOT park your car in a red light district. Furthermore, you might even get discounts with your insurer if you show that you have a good garage.
Also make sure that your car is always parked in a well-lit area. It’s certainly not a good idea to leave your car in the open street all through the night.
6. You will save much if you only invest between 25-30 minutes. Visit, receive and compare auto insurance quotes from several quotes sites. The cheapest quote should be your choice easily.
However, you have to go beyond just the cheapest price to the best price to value ratio. The cheapest may not offer the best price/value for you as a person.
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Comments
No comments yet.
Leave a comment