Auto Insurance Rates -- To Save Massively, Try These

Do you want a more affordable rate while maintaining adequate coverage? You'll discover a good number of useful tips in this article...

1. The difference in the cost of insuring comparably priced vehicles could be very huge. So have this at the back of your mind when you are ready to buy your next vehicle. Don't buy a car that has a high theft rate and/or a poor crash rating.

Furthermore, vehicles that typically cost more to maintain also cost more to insure. Asking the right questions will make it easy for you to avoid expensive-to-insure cars and attract cheaper rates.

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2. You'll get cheaper rates if your vehicle is considered to have a higher safety rating. Select vehicles that have features that increase safety. You will be eligible for a Safe Vehicle discount if your car has such features. Your insurance agent can give you a list of safety devices that will get you a discount with your insurance carrier.

3. It's a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.

This means that you'll help keep your rates down if you do NOT have a teen 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.

If a teen is keen on driving then then should be made responsible for at least the cost of 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. Most insurers will give you a discount of about 5% if you stay with them for up to five years (some will give you once you stay for up to three.

Most insurers will also not raise the rates of a long standing policy holder if they make only just one claim. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones. The longer you stay, the more you'll save.

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.

let'ssay, for example, that you are given a 5% (or $125) discount after your third year with an insurer where you present auto insurance rate is $2,500.

But we can almost say with a level of confidence that due to inflation your premium might not remain the same. But if you are someone who does regular shopping for auto insurance you will almost always get an insurer within those years of waiting who will give you comparable coverage at a lower rate. If this is true about you then you know it's wise for you to go for the cheaper offer right away and not wait for years to become entitled to a discount that will not even save you as much.

you will most likely pay less if you make out time to do extensive shopping because there are hundreds of insurers out there. Considering that the process of obtaining and comparing auto insurance quotes takes just minutes, I'll wonder why you won't do that now and get cheaper auto insurance rates immediately.

5. Defensive driving makes you eligible for cheaper rates therefore complete a course on it. Apart from the fact that they will reduce your rate, they will make you a safer driver.

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. Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

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.

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

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7. Using your parents' auto insurance policy is a good option for you an under 25. If you are of driving age, then your parents certainly are far above 25 years which means they're better risk drivers.

To take advantage of this though, you'll have to live with your parents and also have the car registered in their name. 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. Make out some time to visit at least 5 insurance quotes sites that return quotes on auto insurance policies. It will require around 25 minutes.

As you visit each site, ensure you input the same information. Doing otherwise will produce misleading results. When you've obtained your auto insurance quotes, compare them to determine which serves your interest best in price/value.

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