May 26th 2008
A Guideline On How To Get Cheap Car Insurance
Out of towners: If you’re in the military or going on an extended trip, there is no sense paying full coverage on a car that is just sitting there. If the car is stored (for whatever reason) the likelihood of it being in an accident is virtually nil, so comprehensive storage coverage is a sure fire way to save a small bundle.
Deductibles are always a struggle when you’ve had an accident. For those people who are disciplined to save up for a rainy day then increasing the deductible, the out of pocket expense you pay, can in the long run save hundreds of dollars. A simple change from a $250 to a $1000 deductible can make a dramatic difference in your premiums.
Since the insurance you pay for is primarily for your protection, lowering your liability and medical payments is generally not the recommended way to acquire savings on your premiums. These should remain a priority for your wellbeing.
Lowering your coverage: As you’re working with your insurer to increase your deductibles, you should also look at decreasing your coverage in areas that make sense. You may want to consider lowering the coverage of comprehensive collision, liability or medical payments.
Duration of the policy: You will find the insurer is more likely to give you a break in insurance rates if you are a customer longer than if you only sign up to use their services for a single billing period. Not only will your insurer feel more secure with you as a customer, but you will reap the benefits of better rates given to their most loyal customers.
Be a Pro-active Owner: Install anti-theft devices. Not only will these deter a would-be thief, but most insurers give discounts as well for cars that have additional protection. Check with your state as well for any other discounts available.
Consolidating Policies: Volume discounts make sense even to insurance companies. They want your business, so give it to them. Combining your car, home and/or renter’s insurance can save you as much as 25% on your premiums.
The strategies listed above are just a few ideas you can use to lower your overall car insurance premiums. Compare rates from several companies and don’t be afraid to ask for a discount. Good luck in your search for affordable and quality car insurance.
