Auto insurance premiums can be quiet expensive, especially for those with a poor driving record or credit history. However, most states require that auto insurance be carried on any registered vehicle in the state. Saving money and reducing your auto insurance premiums can be very simple to do. Follow these tips and you can dramatically reduce your premiums!
First, compare rates! Comparing rates online with a site such as esurance.com takes just a few short minutes to do, and can find the best and lowest priced auto insurance companies in your area. Even if you have been with your current company for a long time, comparing rates with other companies is always a good idea.
Look for discounts! As a highly competitive business, auto insurance companies will do whatever it takes to win your business. Many different types of discounts are available, including those for staying accident free, loyal customer discounts, safe driver discounts, multi-policy, and many others. Ask your auto insurance company what type of discounts they offer and take advantage of them all! Using all the discounts you are entitled to can cut as much as 50% off your auto insurance premium!
Reducing your rate can also be done by increasing your deductible. The deductible is the amount you agree to be responsible for in the event of an accident. Most deductibles start at $500. Increasing the amount to $1,000 can take 20% or more off your premium. Paying your premium less often is another terrific way to reduce your premiums. Paying annually, for example, can trim a couple of hundred dollars from your bill versus paying each month.
The type of vehicle you drive plays a large part in determining the cost of your auto insurance premiums. Sports cars, SUVs, and other luxury cars cost more to insure. Choose a traditional model vehicle to reduce your premiums greatly! Color of the vehicle may also affect this rate. According to auto insurance company statistics, red cars are the most expensive to insure.
As the popularity of the Internet continues to grow each day, it has became a more reliable, paper-free way for businesses around the world to handle their needs, including auto insurance companies. Ask your auto insurance company if they offer discounts for starting or renewing your policy online, as many companies do.po0-
Staying safe is the most important way to reduce your rates. The more driving infractions on your record, the higher it will cost to insure your vehicle. Auto insurance companies do run checks with the DMV to check your driving history. Obey all the rules of the road and you can ensure you will receive great rates for your auto insurance!