Lower Automobile Insurance Rate -- Simple But Sure-Fire Ideas

1. Do your utmost to always ensure your car insurance does NOT lapse. You'll pay very expensive rates for a considerable length of time if you let this happen albeit mistakenly. It's easy for this to happen to some individuals when they are changing to another insurer.

One way to be certain you do NOT make this type of mistake is to maintain your old policy until you've confirmed that the new one is fully in place. As simple as this may seem, many individuals are bearing the burden of exorbitant rates because of this silly little oversight.

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2. If you elect to pay your premiums monthly, you'll pay higher rates. Although this option is always less stressful, it costs more for some reasons..

If you do transactions with banks you'll agree with me that each check you process is considered transaction which attracts charges. While a yearly payment requires a single check and therefore one transaction every year, monthly payments attrract twelve. You'll then have to pay the sum of 12 transaction fees..

Apart from this there are also administrative costs that come with the monthly payment option. For instance, it costs some money to send payment notices each and every month.

These costs plus a profit margin for this this "value-added service" is added to your rates making it more than a similar profile that pays annually every year.

3. Take it upon yourself to ask your agent about all the discounts possible with with your preferred insurance provider. It is possible that your agent might have overlooked a discount you're eligible for. The only way to ensure it's false in your case is by asking your agent to list out every discount that your preferred insurance carrier gives. Do not be shocked if you discover one or two that you've not heard of.

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4. Take part in a defensive driving class. In addition to the fact that such programs will make you a better driver, they'll show your insurance provider that you're doing your best to make yourself a better risk.

5. Electronic Funds Transfer (EFT) is a painless way to reduce your auto insurance premium. By doing this you authorize your insurance carrier to automatically withdraw your payments from your account when due. This brings down administrative costs like those incurred when sending payment notices. Your rate is therefore reduced to reflect the cheaper cost of providing insurance to you.

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6. You could save some hundreds of dollars by just getting 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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