Affordable Auto Insurance Rate -- Straightforward But Sure-Fire Steps

1. Ensure your automobile insurance policy is never allowed to lapse for any reason.. You'll attract very expensive rates for a considerable length of time if this happens to you albeit inadvertently. This happens to many individuals when they are switching to another insurance carrier.

To avoid this, make sure that the new policy is fully in operational before you terminate the old. As simple as this may seem, a lot of folks are bearing the weight of exorbitant rates because of this silly little oversight.

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2. Paying your premium yearly will result in cheaper rates than choosing monthly payments. True, monthly payments might be convenient 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 a certain charge. All through a year, your monthly checks would be processed separately since they are all separate transactions. you will then have to pay the sum of twelve transaction fees..

That's one side of it: Insurance companies also incur higher admnistrative costs for your monthly premiums. For instance, it costs insurers millions of dollars every year to mail payment notices..

All such costs to your insurer is ultimately borne by you (that's in addition to their own profit margin for giving you such a "convenient" option).

3. Do you know of every discount that your insurer offers? Your agent may, by commission or omission overlook some discounts that you are eligible for. The only way to ensure this is not true in your case is by telling your agent to list out all discount that your preferred insurance carrier offers. You might have a really pleasant surprise!

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4. Complete a defensive driving course. In addition to the fact that they will improve your driving, they will show your insurer that you're doing your best to reduce your risk level.

5. An easy but rewarding way of bringing down your auto insurance rate is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurance provider with your premium payments automatically until you stipulate to the contrary. This removes administrative costs like those incurred when mailing payment notices. Your insurance provider passes part of what they save to you by reducing your rates.

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6. You will save much if you really have between 25-30 minutes. Visit, obtain and compare auto insurance quotes from various insurance quotes sites. The cheapest offer should be what you pick easily.

But, you have to go beyond just the lowest price to the best price/value. The lowest priced may not offer the best price/value for you as a person.

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