Auto Insurance Rates -- To Save Much, Apply These

We all will be glad to get a very affordable rate that comes with the right coverage. But how can this happen? Here are steps that will help you get big discounts with ease...

1. Some cars cost much to insure. So as you look out for the wonderful specs of the vehicle you intend to buy, don't forget to find out if it costs too much to insure. Two factors that will force you to pay more are a car's crash rating and theft rate.

Furthermore, it will also take much more to insure a car that costs a lot to repair or maintain. With such diligence you can avoid buying a vehicle that will cost you much in higher rates over a few years.

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2. It will cost you much more to insure a car if it has a poor safety rating. Safety features should get more consideration when shopping for a new vehicle. They'll qualify you for a Safe Vehicle Discount. Examples of these safety devices are air bags, automatic seatbelt, ABS brakes and daytime running lights.

3. It's a known fact that young drivers attract high rates. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.

This means that you'll help keep your rates down if you do NOT have a teen driver on your policy. It will have an adverse effect on your rate. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.

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. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

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4. You'll save by being loyal to an insurer due to the long term discount and accident forgiveness which they give to long-standing policy holders. 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. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones.

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.

Let usassume, that you will get a 5 percent (or $125) discount after your third year with an insurance company where you present auto insurance premium is $2,500.

But because of inflation, insurance companies may have to make adjustments in their rates to show those changes. But if you are someone who does regular shopping for auto insurance you will very likely get an insurance carrier within those years of waiting who'll give you comparable coverage for less. In this regard, it will be pointless to stay put because you are after a discount years later when you can pay less immediately.

But believe it or not, most folks can pay far less with another insurance company if they'll only make out time to shop right.. You can only be sure if this is true for your profile when you get and evaluate quotes from a good number of auto insurance companies and then see where you'll gain more..

5. There are course that are designed to improve your driving. Join them. In addition to the fact that they will improve your driving, they will show your insurance carrier that you're doing your best to reduce your risk level.

6. Do you know that some folks are paying much more in auto insurance because of where their homes are? Do you know also know that homes within the same neighbor might actually fall into different risk zones according to the insurance industry's mapping?

So check with your agent before you commit to a new home. This doesn't come readily to mind when you're shopping for a new home. Does it?

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

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7. A good alternative for you is to use your parents' auto insurance policy. Your parents certainly belong to a lower risk age group.

There are two things you must do to make this possible: The car must be registered in your parents' name and you must live with them. If you want to own your car, then be the big boy or girl and also own the costly premiums. Sorry, you can't have both with this option. However, you can still make a lot of savings by following the link at the end of this piece.

8. You can realize savings of hundreds of dollars on your auto insurance policy by obtaining insurance quotes from quote sites. The best way is to visit a minimum of five sites and ensuring that you input the same (correct) information about yourself.

I advise that you visit a minimum of five quotes sites since that will ensure you do not miss out offers not carried by the other sites. This offers you a broader basis for doing better comparisons thereby increasing your chances of getting more for less.

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