Lower Car Insurance Rate -- Easy But Guaranteed Ways

1. Make sure your vehicle insurance policy is not allowed to lapse no matter what.. You'll get very expensive rates for a long time if this happens to you albeit inadvertently. This happens to many individuals while they are changing over to another insurance carrier.

To avoid a lapse, wait until the new policy is fully in operational before you cancel the previous one. Many people are paying more than they would otherwise simply because of this mistake. Therefore, make sure you don't become one of them.

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2. You will get cheaper rates if you opt to pay your premiums yearly and not monthly. Even though this option is always more convenient, it costs more for some reasons..

If you do transactions with banks you'll agree with me that each check you process is considered transaction which attracts a certain charge. All through a year, your monthly checks would be processed differently since they are all separate transactions. This means that you will pay transaction fees 12 times..

Besides there are also administrative costs that are incurred due to the monthly payment option. A clear example of such is the cost associated with mailing payment notices..

These costs plus a profit margin for this feature is included in your premium making it higher than another of the same profile that pays yearly every year.

3. You might not be enjoying some discounts you are eligible for with your current insurer simply because you don't know. There's a possibility that your agent has left one or two out. You will reduce the probability of this happening to you if you make it a point of duty to ask your agent seriously to tell you of every discount that is available. You might be astonished at discounts you've not benefited from.

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4. Defensive driving makes you eligible for cheaper car insurance rates so complete a course on it. Apart from the fact that such programs will make you a better driver, they'll show your insurance carrier that you're taking active steps to reduce your risk level.

5. Electronic Funds Transfer, known as EFT is a smart way to bring down your automobile insurance rate. it authorizes your bank to credit your insurer with your premiums without any intervention from you until you advise to the contrary. This reduces costs by eliminating the need for payment notices or checks. This is why this gets you lower premium.

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6. You can see savings of hundreds of dollars on your auto insurance policy by getting insurance quotes from quote sites. The best way is to visit at least five quotes sites and making sure that you input the same (correct) details.

I recommend that you use at least five quotes sites because that will ensure you do not miss out offers not given by the other sites. This gives you a broader basis for doing more thorough comparisons thus increasing your chances of getting more for less.

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