Automobile Insurance Rates -- To Save Massively, Implement These

Would you like a lower rate that still leaves you with the right coverage? Let's look at several proven steps to getting just that...

1. There are cars that cost much more to give adequate auto insurance coverage. Therefore, have this on your mind when you are ready to buy your next vehicle. A comparable car that has a poor crash rating and higher theft rate will cost a lot more to insure.

Furthermore, it will also cost you more if a car is more costly to repair or maintain. With a little 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 buy insurance for a car if it has a low safety rating. Go for cars that have systems that improve safety. Such systems get you a reasonable discount. Your agent can help you with a list of safety devices that will get you a discount with your insurance provider.

3. Young drivers are statistically very bad risks. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.

Therefore, as much as possible, do not place such a driver on your own policy. It will have an adverse effect on your rate. Sign an exclusion form that will allow your teen driver have his or her own policy.

If a teen is keen on driving then then should be made responsible for at least the cost of 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. The full implication of this is that your teen will be a lot safer as they'd do their best to avoid inflating their rates.

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4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Some insurers will give you up to 5% in discounts once you've been with them for up to three years while others will give you such a discount only when you've stayed for up to five.

The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. Insurers offer these as incentives to keep you with them since it serves them better too.

But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.

Assuming your auto insurance premium is $2,500 and you are given a five percent discount when you maintain a policy with them for about five years you will pay $2,500 - (5% of $2,500 or $125) = $2,375.

But we can almost say with a level of confidence that because of inflation your rate would most likely not remain the same. But while you're at it, an insurer somewhere could be ready to give you a rate of $2,000 or less at the moment. In this regard, it will be pointless to continue because you are after a discount years later when you can enjoy lower rates immediately.

Furthermore, in nearly all cases, most folks can actually pay a lot less than they are currentl on auto insurance if they shop right.. Considering that the process of getting and comparing auto insurance quotes requires just minutes, I will wonder why you won't do that instantly and get cheaper auto insurance rates immediately.

5. Defensive driving makes you eligible for cheaper rates so get trained in it. Apart from the fact that they will help lower your rate, they will help keep you and others safer.

6. Before you get carried away with the few hundreds you will save on a house, check if it will not cost you much more in auto insurance. Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

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?

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

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7. An alternative for you is to use your parents' car insurance policy. If you're of driving age, then your parents certainly are far above 25 years which means they're lower risk drivers.

There are two conditions that you must fulfill to make this possible: The car must be registered in your parents' name and you must live with them. If you do not like the idea of handing the car's ownership to them and other stuff that may be attached to that, then you'll have to forget this alternative.

8. You can lower your auto insurance rates by asking for and evaluating quotes from at least five good insurance quotes sites.

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