Auto Insurance Savings Tips -- GuaranteedSteps To Dirt Cheap Car Insurance Rates (Series) -- Pt 1
Tip #1 Drive Carefully One easy way to make sure you pay less is
being careful every time you're behind wheels Please, ensure that you make it a policy to
NOT drive if you so much as sip any alcoholic beverage.
If you're convicted for driving under the influence (DUI) you'll NOT see affordable
rates for a very long time. While alcohol-related traffic offences have
very immediate and serious repercussions speeding tickets will also affect your
rates negatively if they pile up. So, if it's a violation of traffic laws, avoid
it no matter how negligible it may seem at the time.
Tip #2 Maintain an excellent credit rating
It might seem unfair to most people but your credit rating does affect you rate.
A poor credit history will cost you in higher auto insurance rates
For most insurers it shows a pattern they believe you are quite likely to repeat with
them in premium defaults This assumption of high risk makes such individuals
attract very high rates in auto insurance and other insurance policies
Tip #3 Insure all your vehicles with the same insurer You can reduce your rates by positioning yourself
for a multi-vehicle discount. It is advisable to insure all your cars with
the same insurer unless you get a much better rate for one of your cars with another insurer
Doing some shopping and then comparing with what you'll get from a multi-vehicle discount
is a good way to be sure if this serves your best interest.
But that said; insuring more than one vehicle with the same carrier will always get you
a nice discount.
Tip #4
Hold all your policies under one roof Buying multiple policies from the same insurer
is one smart way to reduce your premium. For example, buying auto insurance from the
carrier that underwrites your home insurance policy.
However, note that you may be better served if you buy your different policies from different
carriers that offer the best rate for each policy.
Do extensive comparison shopping with quotes sites.
Compare what you will save if you go for a multi-policy discount with what youll save
by going for individual carriers with the best rates.
Make your choice only when you are sure of which is more beneficial.
Tip #5 Stay claims-free Staying claims-free for three years and above
will get you a discount. But bear in mind that NOT all insurers offer this discount.
If your agent says they don't offer this discount let him or her know that you will switch to
another insurer. Believe it or not, every insurer likes having
people who stay claims free for this long as policy holders
You shouldn't have any difficulty getting better rates with a host of other insurers.
Most insurers will do all within their powers to ensure they don't lose you and this should
lead to some compromise on their part.
Tip #6
Drop collision and comprehensive on old vehicles You're certainly paying too much if you have
collision and comprehensive coverage for an old car that is not a classic.
Your car's Kelly Blue Book value at the time of a claim (and not the value of the car when
you bought it) is what determines what you'll get from your insurer.
This means that not minding how much you paid and for how long you did, you may get $500
if the book says it's only worth that much by the time you file a claim.
Do the smart thing and take them off your car insurance policy. Doing this will save
you much and not compromise you in any way. Tip #7
Make your deductible as high as possible The higher your deductible amount, the lower
your premium will be. Therefore, it makes sense to choose a deductible
that is as high as possible but always within easy reach for you.
You are bound by law to contribute this amount.
So go as high as you can but keep it within
your reach. Tip #8
Slash your mileage by every fair means Drive as little as possible. It will lower
your mileage and get you a low mileage discount. This applies more to those whose work and
location make it easy for them to use the public transit system.
Walk whenever possible.
Apart from the fact that it is good for your health, it will also
help keep your mileage down. Carpooling is another smart way of reducing
your mileage. Tip #9
Get and maintain high grades It is a fact that young drivers attract very
high rates. For those who fall within this age bracket,
getting good grades at school will go a long way to help you get more affordable rates.
There is a discount know as the Good Student Discount
This discount is for students who get A's or a minimum of B's.
It attracts a discount
of about 5 percent. This is so because insurance providers think
there is a correlation between good grades and a young driver's behavior behind wheels
Students who maintain excellent grades are generally considered more responsible and
less prone to reckless driving. Tip #10
Take refresher courses for the elderly Are you a senior citizen? Then you can reduce
your rate if you take courses designed for older drivers.
You can reduce your monthly premium by as much as 10% once you pass any of such courses.
To find out the finer details of how this works and how much you can save with your
insurer, consult your agent. Get and compare cheap quotes from many top
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