Top 10 Money-Saving Auto Insurance Tips
Looking to get a cheap insurance rate? Here are the top 10 money-saving auto insurance tips that will save you a bundle on your auto insurance.
1. Consolidate Your Policies
Placing your homeowners or renters insurance and your auto insurance with the same insurance company can save you 5% to 15% on you insurance premium. Plus, you'll only have one company to deal with.
2. Increase Your Deductible
The deductible is the amount of money you have to pay toward a claim before your insurance company will pay. By increasing your deductible you'll lower your insurance premium. Increasing it from $200 to just $500 can save you up to 30% on your auto insurance.
3. Get Safety Discounts
Most insurance companies will give you a discount for having safety features like air bags, anti-lock brakes, and automatic seat belts.
4. Get Security Discounts
You can get a good-sized discount for having a car alarm, anti-theft device, or electronic disabler installed on your car.
5. Get Low Mileage Discounts
Most insurance companies will give you a low mileage discount if you drive your car less than the average driver.
6. Ask About Other Discounts
Insurance companies offer all kinds of discounts - senior discounts, safe driver discounts, driver education discounts, good student discounts, military discounts, and law enforcement discounts. Ask your insurer about all the discounts that are available to you and have them included in your policy.
7. Buy a Low-Profile Car
Cars that cost a lot to repair, like high-end sports cars, and cars that are targeted by thieves, cost a lot more to insure than less expensive late model sedans.
8. Maintain a Good Credit Rating
Believe it or not, your credit rating is now used by some companies to rate your insurance premium. To lower your premium, take a look at your credit rating and see if you can improve it, or choose a credit company that doesn't use credit ratings to judge insurance risk.
9. Drop Collision and Comprehensive Coverage
Collision coverage pays to repair your car when you're in an accident, and comprehensive coverage pays for repairs caused by fire, vandalism, and severe weather. If your car is worth less than your premium plus your deductible, it's probably not worth carrying collision and comprehensive coverage.
10. Compare Rate Quotes
Because insurance rates can vary by hundreds of dollars from one company to another, comparing quotes and choosing the cheapest one is the best way to save money on your auto insurance. Rather than spending hours of your time calling companies on the phone or going to their websites, go to an insurance comparison website where you can get quotes from a number of companies in a matter of minutes.
Visit http://www.LowerRateQuotes.com or click on the following link to get auto insurance rate quotes from top-rated companies and see how much you can save. You can get more auto insurance tips in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on auto insurance tips.
Looking For a Maryland Auto Insurance Company?
If you're looking for low rates on car insurance in the state of Maryland it can often be hard. Below I have provided some great information on Maryla...
Compare Auto Insurance Rates - Why You Should Shop
You must learn to compare auto insurance rates because the cost of an auto insurance policy is not necessarily an indication of its quality. Even thou...
3 Quick Money Saving Auto Insurance Tips For Women
It is general knowledge that auto insurance companies are more "nicer" to women drivers. This is mostly due to the fact that women are statistically p...
Buy Auto Insurance Online and Save
More and more people are beginning to buy auto insurance online, and there are definitely many great reasons for this new car insurance trend. While i...
Auto Insurance For Good Drivers - How To Lower Your Rate Dramatically
Auto insurance for good drivers is very easy to find, because these drivers generally pose much less of a risk factor to insurance companies. Of cours...
Free Line Auto Insurance Quotes
If car insurance quotes are not explored, then you might end up buying the wrong one. Thus free line auto insurance quotes services can be used to ava...
Term Life Insurance: Some Money-Saving Tips
The majority of people prefer to purchase term life Insurance because it is cheaper than whole life insurance and is the best way to get the maximum v...
Things Your Auto Insurance Company Do Not Want You To Know!
Let's face it an auto insurance company is a business that is created to make a profit and if we are not careful we might end up paying super high pre...
Auto Insurance Lingo - What is a Hazard?
There are a veritable plethora of terms for you to understand if you are going to begin to know what auto insurance is all about. You must know how t...
Auto Insurance Quotes - Little Things That Cost You Much And What You Can To To Save Massively
Auto insurance quotes: There are many things that cost you much and there are also steps you can take to take care of them (saving yourself a lot of d...
Banks And Finance Auto Car Insurance - Find The Best Quotes Now
Many people today want to know if the bank will finance their auto car insurance payments. Unfortunately, this generally isn't the case.In all likeli...
Affordable Car Insurance - Hope You Took Note Of These
You can easily miss affordable car insurance because you simply did not take note of a few rather important details. Things as simple as who you make ...
8 Tips To Get A Cheap Auto Insurance
Are you confused about choosing a good yet cheap auto insurance for your car? Then don't worry, because a little knowledge about the design and specif...
Classic Auto Insurance - Vital Tips On Lowering Your Rates
Classic auto insurance is usually very expensive. However, if you do certain things right, you'll lower your classic car insurance by a very great dea...
Auto Insurance and the Community
When you think of auto insurance you immediately think of a few things if you are like most other red-blooded Americans. You think of the premiums yo...