‘If it isn't broken, don't fix it' is a maxim that can make insurance
companies a lot of money. Although everybody would like cheap car
insurance, people tend to stick to the company that they are with
rather than shop around for the lowest price for auto insurance. This
can cost you hundreds of dollars a year.
There are a number of ways of getting cheap auto insurance, regardless of your current company and driving status.
* Shop Around
* Check for Discounts
* Select a higher insurance deductible
* Reduce coverage on older vehicles
Shop Around
Only by shopping around for auto insurance
coverage and getting quotes on premiums from several insurance
companies will you be able to know for certain you are getting the
lowest price for auto insurance. Be sure to compare like with like.
Cheap car insurance should not mean little or no insurance, or bad
insurance. Ask about how insurance claims are approved and processed,
and how quickly they're paid. Look into each insurers' financial
stability (there are independent rating services that can help you with
this).
Check for Discounts
Insurance
companies like market share, and in order to increase or maintain their
market share many companies offer discounts to drivers. You might be
eligible for a discount if you have a good driving record or if you
have taken a ‘Defensive Driver Training Program'. There may be
discounts available for antitheft or other safety devices on the car.
Most companies offer low mileage discounts.
Select a higher insurance deductible
When
you file a claim, a deductible is the amount you pay first before your
insurer pays the remaining balance. Often people select lower
deductibles, so when they have to submit a claim, their out-of-pocket
expenses are minimal. But the truth is, the higher your collision and
comprehensive deductibles the lower your auto insurance
premium. The savings by increasing your deductible to say $1,000 from
$250 are significant—you can save hundreds of dollars off your
insurance premium.
Reduce coverage on older vehicles
If
your car is an older model, you may want to think about dropping the
collision or comprehensive coverage (or both) on your policy. You need
to weigh the cost of the collision and comprehensive against the value
of your car and your chosen deductibles. For example, if you had a
10-year-old car that's worth about $1000, and your deductible was
$1000, the coverage is not actually going to help you. This is one of
the best means of getting cheap auto insurance.
No matter how you are now insured or how much your premium costs, there are means of getting the lowest price for auto insurance. Check out you local insurance brokers. They will be able to find cheap car insurance by finding insurance companies that are a match to your strengths.
Get your cheap car insurance here:
companies a lot of money. Although everybody would like cheap car
insurance, people tend to stick to the company that they are with
rather than shop around for the lowest price for auto insurance. This
can cost you hundreds of dollars a year.
There are a number of ways of getting cheap auto insurance, regardless of your current company and driving status.
* Shop Around
* Check for Discounts
* Select a higher insurance deductible
* Reduce coverage on older vehicles
Shop Around
Only by shopping around for auto insurance
coverage and getting quotes on premiums from several insurance
companies will you be able to know for certain you are getting the
lowest price for auto insurance. Be sure to compare like with like.
Cheap car insurance should not mean little or no insurance, or bad
insurance. Ask about how insurance claims are approved and processed,
and how quickly they're paid. Look into each insurers' financial
stability (there are independent rating services that can help you with
this).
Check for Discounts
Insurance
companies like market share, and in order to increase or maintain their
market share many companies offer discounts to drivers. You might be
eligible for a discount if you have a good driving record or if you
have taken a ‘Defensive Driver Training Program'. There may be
discounts available for antitheft or other safety devices on the car.
Most companies offer low mileage discounts.
Select a higher insurance deductible
When
you file a claim, a deductible is the amount you pay first before your
insurer pays the remaining balance. Often people select lower
deductibles, so when they have to submit a claim, their out-of-pocket
expenses are minimal. But the truth is, the higher your collision and
comprehensive deductibles the lower your auto insurance
premium. The savings by increasing your deductible to say $1,000 from
$250 are significant—you can save hundreds of dollars off your
insurance premium.
Reduce coverage on older vehicles
If
your car is an older model, you may want to think about dropping the
collision or comprehensive coverage (or both) on your policy. You need
to weigh the cost of the collision and comprehensive against the value
of your car and your chosen deductibles. For example, if you had a
10-year-old car that's worth about $1000, and your deductible was
$1000, the coverage is not actually going to help you. This is one of
the best means of getting cheap auto insurance.
No matter how you are now insured or how much your premium costs, there are means of getting the lowest price for auto insurance. Check out you local insurance brokers. They will be able to find cheap car insurance by finding insurance companies that are a match to your strengths.
Get your cheap car insurance here:
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