Auto Insurance -- 7 Tips More Affordable Rates

With the right tips you'll get cheaper rates for adequate coverage. But also bear in mind that you could make savings if you get the wrong tips. The only thing is that you'd put yourself at risk. Here are some great ways to get cheaper rates without opting for inadequate coverage...

1. Policyholders who do NOT make claims for above three years generally enjoy a discount for this. But take note that not all providers present this discount.

If your insurance carrier is one of those who don't offer this discount tell them without mincing words that you will move over to another provider. With this quality of driving record finding a far better rate is really very easy since claims-free policy holders are every insurance company's dream.

But oftentimes the threat of leaving from you is enough to make them give a concession.

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2. Take every opportunity to avoid driving your vehicle since this will bring down your mileage and, by consequence, your rate. This relates more to those whose profession and place of residence give easy access to standard mass transit systems.

Carpooling is also another smart way of bringing down your mileage.

3. A good number of insurance carriers offer a retiree discount. The simple logic for this discount is that retired persons generally drive less. Driving less will lead to lower mileage which certainly makes you a lower risk.

This savings option is surely not one any retired person should pass on. Find out your insurance provider's stance on this. If for some reasons they do NOT have a discount like this, don't forget to tell your agent about the change in your mileage. You deserve a reduction in rate if the difference in mileage is significant.

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4. There are several theft-deterrent gadgets such as automatic gas cut-off system, alarm systems and so on. The chances of theft is an important factor that affects your rate. And considering that these mechanisms lower the odds, you'll get a good discount if you have them. Cars that don't have such devices are preferred targets for thieving rats.

5. Those who stay in crowded areas are more likely to have one kind of car accident or another if compared to folks who stay in rural areas. Rural areas get much cheaper rates because they are less susceptible to risks of vandalism, theft, collision and other challenges that are normally associated with highly populated areas. The more highly populated your city of residence is, the less affordable your rates.

6. Do your best to always ensure your policy never lapses. It will make you pay expensive premiums for a long time. This happens to some folks when they are switching to another insurance carrier.

Don't cancel your previous policy until the new one is fully operational and you'll not make this costly mistake. As simple as this may seem, a lot of people are bearing the weight of exorbitant rates because of this silly little oversight.

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7. Do you know that you might be losing money if you have a car that you've not used for months? Do you have a car that you've just forgotten about because of the headaches it gives you or something? Have you removed it from your auto insurance policy?

Funny as it may seem, this is one reason some folks pay higher rates than they should. Don't make this mistake.

8. You will save a lot if you do shop around and do detailed comparison. The range of quotes presented for a request could be as wide as $1,000 for a given profile. While this is a good thing, it's advisable that you don't get carried away. It's not normally that straightforward if you want the best price/value.

The lowest quote may not give you the best price/value. Notwithstanding that each of the quotes presented will certainly give you the same basic coverage, there may be a lot of differences in the details of coverage. This makes it crucial that you find out if there aren't any exclusions you won't like.

Don't forget to treat these no-obligation quotes just that way. Don't feel you have to pay until you've got all your questions answered to your satisfaction. You will be spared rude shocks down the road if you do this.

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