By Neil Stelling
The law requires you buy auto insurance. So if you must get
cover, how can you reduce costs ? Here's 7 easy ways to get the best possible
auto insurance deal.
* Multiple Quotes
Get multiple quotes - use the internet and call a few brokers.
It's easy to gather some good comparison quotes.
Remember to get different types of quotes e.g one from a
direct-sell insurance company; another from an offline broker who keeps a
database of quotes; and a couple from the internet.
Cheapest might not mean best. Will they pay out if you make a
claim ? How financially secure ? How reputable ? Check around with family and
friends, and look for online reviews.
* Different type of car
Insurance costs vary depending on car type. Obviously, that
$100k sports model costs more to insure than your average runabout. If you're
planning to buy a new car, check insurance costs before you buy. I once set my
heart on a beautiful, high performance, highly tuned Pontiac.
Luckily I checked the auto insurance before I bought it, because
I couldn't get insurance. Every broker, every insurance company flat turned me
down because I lived in a high car-crime area. So I had to forget the car of my
dreams until I moved up-town.
* Age and Value of Car
Maybe you're buying a used car ? Maybe your car saw better days
a few years ago, and now values much lower ? So why pay for high-priced auto
insurance ? In particular, do you still need fully comprehensive coverage ?
A good rule of thumb multiplies insurance premium by 10, and
compares that figure with your car value. So if you're quoted $1000 premium and
your car is worth less than $10,000 you may want to think if comprehensive
represents good value. If you drop collision and/or comprehensive coverage, you
should get big savings.
* Higher deductibles (excess charges)
Most auto insurance companies use deductibles to keep policy
cost down. Deductibles, or excess charges, show what you pay before your auto
insurance policy kicks in. Try requesting quotes with different levels of
deductibles, and see how your quotes vary.
Most internet quote forms contain a box where you can specify
preferred level of deductibles. Ask your broker his recommended level. For
example, going from $250 to $500 deductible can slash your insurance costs by
20% or more. Go to $1000 and you save a lot of money. But you must pay the
deductible if you need to make a claim !
* Multiple Insurances
I guess this might come under the 'Get Multiple Quotes' heading,
but it's still worth mentioning separately. You usually get an insurance break
if you buy multiple policies with the same insurer.
This might mean multiple vehicles, or homeowner and auto
insurance. Either way it's worth asking about multi-policy discounts.
* Low Mileage
More and more people work at home. No more commuting. Fewer
business trips. Low mileage on your car. Maybe you do travel to work, but car
pool ?
Either way, look for low mileage discounts.
* Good Driving Record
A good driving record always reduces your auto insurance costs.
Keep a clean drivers license. Don't speed, don't drive dangerously, and you'll
save money (apart from other benefits !)
* Bonus Tip
Okay, I said '7 Ways...', but here's some extra tips. Fit
anti-theft devices to your car. Go on an advanced driver training course. Use
daytime running lights. If you're a college student away from home, consider
adding to parents policy.
This short article covers the things you must consider when
shopping for auto insurance. Follow these tips and you'll slash your auto
insurance costs.
Discover valuable information and tips to help slash your auto insurance costs.
Go http://www.autoinsurance--quotes.com/