7 Ways to Lower Your Car Insurance Rate
By: Jared Myers | Posted: 24th November 2006
7 More Ways to Lower Your Car Insurance Rate
If You Refuse To Pay High Insurance Rates…Here Are 7
“Bargaining Chips” you Can Use to Negotiate a Better
Insurance Rate.
Everyone knows that having a good driving record is
one of the best ways to keep your car insurance rates
down. Here are a few other ways to help lower your
costs.
1. Shop Around
Make companies compete for your business. Prices
will vary from company to company. So, be sure to ask
at least 3-4 different companies for a quote. Make
them earn your business.
Talk to your friends, neighbors and coworkers about
their insurance policies. If they’re happy with their
insurance company there is a good chance you will be too.
There are dozens of companies on line willing to give
you a free car insurance quote
(like FreeCarInsuranceQuotes.org and CarInsurance.com).
This may be a good starting place for you. Keep your
eyes and ears open for radio and TV advertisements too.
Again, these agencies are willing to compete for your
business; so, don’t settle.
2. Ask For Higher Deductibles
Deductibles are what you pay before your insurance policy
kicks in. By raising your deductible, you can lower your
insurance rates significantly. For instance, raising your
deductible from $250 to $500 can reduce your collision
and comprehensive coverage 10-30 percent. Raising your
deductible to a $1000 could save you as much as 40% or
better.
Just be sure you have the cash on hand to cover yourself
in the event of a claim.
3. Have Safety/ Anti-theft Devices Installed
You may be eligible for further insurance discounts if
your vehicle is equipped with one or more options: anti-lock
brakes, automatic seat belts, air bags, or traction control.
Installing a vehicle recovery systems such as LoJack or
Teletracer can save you up to 7-10% per year.
Other Anti-theft devices like The Club are relatively
inexpensive and can also help to reduce your insurance premiums.
4. Consolidate Insurance Policies
Insuring two or more vehicles through the same insurance
company can help to reduce your insurance rates by as much as
10%-15%. Covering your home through the same company that
insures your vehicles can help lower your rates by an
additional 10%-15%.
5. Teenagers and College Bound Drivers
Teenagers and college bound drivers may consider driving the
family car instead of driving his or her own vehicle.
Students attending school and living away from home can reduce
their premiums by as much as 30-50 percent this way.
6. Take Advantage of Low Mileage Discounts
Many insurance companies offer reduced insurance rates to people
who car pool to work or find other ways to keep their mileage low.
7. Safety Courses
Along with having a clean driving record, taking additional
driver’s safety courses could save you some 7-10% on your car
insurance. If you are given a traffic citation, ask about the
types of courses they offer. Some states willing to keep your
insurance record clean if you agree to take complete these courses.
In Conclusion
Lowering your auto insurance, in many instances, is about knowing
what questions to ask and what you are entitled to. Since many
companies aren’t going to do your homework for you, here is the
short list of discounts you should inquire about:
[ ] Low Mileage
[ ] $500 Deductible
[ ] $1000 Deductible
[ ] More than One Car
[ ] No Accidents in 3 Years, 5 Years, and so on
[ ] No Moving Violations in 3 Years
[ ] Driver Training Course
[ ] Defensive Driving Courses
[ ] Anti-Theft Devices
[ ] Safety Features (like Air Bags, Anti-lock Brakes, Daytime
Running Lights, etc.)
[ ] Student Drivers with Good Grades
[ ] Consolidating Policies
[ ] College Students Away From Home
[ ] Long-Time Customers
[ ] Discounts for Non Smokers and Retirees
Deductions will vary from state to state and from insurance company
to insurance company. So be sure to ask.
Also the key to lowering your auto insurance rate is not necessarily
how many discounts you are eligible for. It’s the bottom line that
matters.
To get an instant car insurance quote online--right now--visit our site at http://www.CarInsuranceqQotesNow.com
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