Affordable Car Insurance Rate -- Simple But Effective Ways

1. Do your best to always make sure your auto insurance does NOT lapse. It will make you pay expensive premiums for a long time. This happens to some individuals while they are switching to another insurance company.

A simple way to be certain you do NOT make this type of mistake is to leave your old policy intact until you've confirmed that the new one is in full force. It looks simple but, believe it or not, a lot of people are paying a lot more just because they were negligent in this.

2. If you decide to pay your premiums monthly, you'll pay more expensive rates. True, paying monthly might be stressless but they are also much more expensive.

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts charges. All through a year, your monthly checks would be processed differently since they are all separate transactions. This means that you will pay transaction charges twelve times..

There are also administrative costs to your insurer that are due to monthly payments. For example, it costs some money to send payment notices monthly.

These and more are then included in your rate thus making it higher than if you paid annually.

3. You'll get lower car insurance rates if you pay by Electronic Funds Transfer (EFT). it authorizes your bank to credit your insurer with your premiums without any intervention from you until you advise otherwise. This eliminates administrative costs like those incurred when mailing payment notices. Your premium is therefore reduced to reflect the cheaper cost of giving you insurance.

4. You could save several hundreds of dollars by just receiving and comparing quotes from not less than five quotes sites. And, it will require just about 25 minutes on the whole.

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