Automobile Insurance Quotes -- To Save Much, Try These

Everyone out there would be quite happy to discover a way to enjoy affordable rates as long as such a way does not downgrade the level of coverage they get. Here are steps that will help you attract considerable discounts without difficulty...

1. The difference in what it will cost you to insure comparably priced vehicles could be much. So have this on your mind when you go to buy your next vehicle. A comparable car that has a bad crash rating and higher theft rate will cost a lot more to insure.

Along these lines, vehicles that generally cost more to maintain also cost more to insure. Asking the right questions will make it easy for you to avoid the "wrong" car and enjoy more affordable rates.

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2. It will cost you a lot more to insure a vehicle if it has a low safety rating. Safety ratings should get more consideration when shopping for a new vehicle. You'll be eligible for a Safe Vehicle discount if your car has such features.

3. Young drivers are statistically very bad risks. Worse still, if they are teenagers their auto insurance rates could be really high.

So you'll do well to NOT place your teenage driver on your policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.

Let your teen bear the responsibility of paying for their auto insurance. Teens who pay for their own auto insurance are more willing to take steps to bring it down. 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. Insurers give give customers who have remained loyal a 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.

Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones.

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.

Supposing your auto insurance premium with your current insurer is $2,500 you'll get a discount of about 5% or $125 if you stay for at least three years.

However, bear in mind that your rates may be changed to reflect the effect of inflation. But if you do routine shopping for auto insurance you'll almost always get an insurer within those years of waiting who will give you comparable coverage at a lower rate. In this regard, it will be pointless to stay put because you are after a loyalty discount years later when you can get cheaper rates at the moment.

Moreover, in nearly all cases, most people can easily pay a lot less than they are currentl on auto insurance if they shop right.. Since the process of obtaining and comparing auto insurance quotes involves just minutes, I'll wonder why you won't do that instantly and get cheaper auto insurance rates immediately.

5. There are classes that are set up to make you a better driver. Participate in them. Apart from the fact that such programs will improve your driving skills, they'll show your insurance carrier that you're doing your best to make yourself a better risk.

6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

So check with your agent before you commit to a new home. I know: That isn't usually an issue when you're looking for a home but it's really important.

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. As an under twenty five, you can pay cheaper car insurance rates if you use your parents' policy. Your parents certainly belong to a better risk age bracket.

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. This means that they legally own the car. If the benefits of "independence" outweigh your auto insurance savings then this is definitely not an option for you.

8. The most vital key to reasonable savings in auto insurance is comparison shopping -- Provided that you do it well. You can get quotes that will have a range that exceeds $1,000. You could easily save so much by just picking the lowest quote. That should apply if you're simply after the lowest price.

However, if you want the best value to price ratio then you'd have to check the details of the lowest quotes. Different insurance companies may have different exclusions for similar policies. It's a good idea to ask the agent what's part of the deal and what's not.

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