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| Auto Insurance: 8 Ways To Lower Your Auto Insurance Costs & How to Save Money and Get Discount Automobile Insurance in California |
| Friday, December 26, 2008 |
Auto Insurance: 8 Ways To Lower Your Auto Insurance Costs
How to Save Money and Get Discount Automobile Insurance in California
Auto insurance is a necessary expense for most of us.
In California, as in most locales, many people drive without insurance. Even with seemingly increases every year, very few of us stop and see if there are ways that we can reduce the cost of our auto insurance. What this means for someone who is involved in a motor vehicle accident with them, is a huge legal and insurance headache unless they have uninsured motorist coverage. One of the best ways to keep your auto insurance costs down is to have a good driving record. This coverage offers protection in the event your car is damaged or you are hurt by someone driving without insurance. Listed below are eight additional ways that you can start to save money on your auto insurance. If you decide not to take out this coverage in California you will actually be required to sign a waiver showing you were offered it and declined.
1.
Many people forego this coverage simply because they don't want the added cost to their premiums. Shop Around
Don't settle for the price that your insurance company wants to charge you. There are ways to save money and get discount automobile insurance in California without cutting corners on coverage. Auto insurance prices vary from company to company, so it pays to shop around. Some of these include:
•Keeping a good credit score. Get at least three price quotes. Your credit score is one of the factors that play a part in calculating your automobile insurance rates. You can call companies directly or access information or if you don't want to deal with insurance agents, use the Internet to get multiple quotes. Paying bills on time and in full helps to lower your car insurance rates.
Don't shop price alone.
•Don't make small claims. Ask friends and relatives for their recommendations. If you break your windshield or you have a small collision with minimal damage, it may be prudent to finance those repairs yourself. Contact your state insurance department to find out whether they provide information on consumer complaints by company. Each and every claim you make against your automobile insurance raises the rates and even when you switch companies, your claim's history will follow you.
2.
•Ask about any additional fees the insurance company charges. Compare Insurance Costs When Buying A Car
Before you buy a new or used car, check into insurance costs. Some automobile insurance companies charge a fee to issue new policies. Car insurance premiums are based in part on the car's sticker price, the cost to repair it, its overall safety record, and the likelihood of theft. Knowing which companies utilize this practice can help save you money. Many insurers offer discounts for features that reduce the risk of injuries or theft.
Remember that the key to finding the best possible automobile insurance rates lies in your own hands. Look for cars that have safety features like daytime running lights and anti-theft devices. If you are a good driver and have proven that with few speeding tickets and no collisions, you will be able to save money because you will automatically be offered a lower price than someone with a bad driving history.
3. Get A Higher Deductible
Deductibles are what you pay out of pocket before your insurance policy kicks in. By getting a higher deductible on your car insurance policy you can lower your costs substantially. For example, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by 15% to 30%. Going to a $1,000 deductible can save you 40% or more.
4. Reduce Coverage on Older Cars
This is one of the most overlooked tactics to lowering your insurance. As your car ages it becomes less costly to replace, so why pay a premium for a replacement value that is more than your car is worth? A role of thumb is that is that your car should be worth more than 10 times the premium you are paying.
5. Buy your Homeowners and Auto Coverage from the Same Insurer
Many insurance companies will give you a break if you buy two or more types of insurance from them or if you insure more than one vehicle with them. Ask for your insurance representative what multi-car discounts that they offer.
6. Maintain a Good Credit Record
More and more insurance companies are not using credit information to help price auto insurance policies. So paying your bills on time, bit obtaining more credit than you need and keeping your credit balances as low as possible are all tactics that can help you get a lower auto insurance quote.
7. Ask about Group Insurance
Some insurance companies offer reductions to drivers who get insurance through a group plan from their employers, professional and business groups, or other associations (like AAA). Look at the clubs and associations that you belong too and see if any of them offer discounted auto insurance.
8. Seek Out Other Discounts
Ask your insurance company for a list of all the different types of discounts that they offer. You would be amazed at the discounts that are available on auto insurance today. They range from discounts to being in the military, to students and people who have had no accidents or tickets in a number of years.
Related Blog: gen oc8.blogspot.com
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posted by ijyhefukuudifon12410 @ 9:33 AM  |
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