Cheap Automobile Insurance Rate -- Easy But Tested Ideas

1. Do your best to always ensure your car insurance never lapses. It will sentence you to high rates for a considerable length of time. This happens to many individuals while they are switching to another insurance company.

Don't terminate your old policy until the new one is fully operational and you'll avoid this costly mistake. As simple as this may seem, many folks are bearing the weight of exorbitant rates because of this silly little oversight.

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2. Paying your premium yearly will attract more affordable rates than opting for monthly payments. True, monthly payments might be convenient but they are also costly.

There are transaction charges that are attached to processing a check. 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..

That's one side of it: Insurers also incur higher admnistrative costs for your monthly premiums. A clear example of such is the cost associated with mailing payment notices..

The additional administrative cost to an insurance provider is eventually paid for by you (that's apart from their own markup for providing such a "stressless" option).

3. Are you aware of every discount that your insurer offers? Since agents too are human they might forget to tell you about some discounts you are qualified for. You'll lower the probability of this happening to you if you take the pains to ask your agent point blank to tell you about every discount that is available. Do not be shocked if you hear of discover that you've never heard of.

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4. Participate in a defensive driving course. Apart from the fact that such programs will improve your driving, they'll show your insurer that you're taking active steps to reduce your risk level.

5. An easy but rewarding way of bringing down your auto insurance rate is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurer with your payments without any intervention from you until you stipulate to the contrary. This saves your insurer in many ways including removing the cost of sending payment notices and the cost of processing checks. This is why this gets you more affordable rates.

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6. You can save a lot of dollars by visiting a minimum of five quotes sites. That way, you'll get the lowest auto insurance quotes available since five sites will give not less than 25 quotes altogether.

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