Very Cheap Auto Insurance -Tips That Guarantee Affordable Car Insurance Rates (Video)

Monday, May 18, 2009

Inexpensive Auto Insurance -- Steps To Pay Less

By Chimezirim Odimba

Is it possible you have a car that you've not used for a long while? Do you have a broken car? Have you removed it from your auto insurance policy?

Simple as this looks a lot of people end up paying thousands in unnecessary premiums because they don't remember to remove such cars from their policy. Don't make this mistake.

You will get discounts with many insurers if you're part of an auto club. Although you shouldn't look to attract massive discounts for this, each small discount you can get will add up to much when added to other such discounts.

Do your best to represent the facts exactly the way they are. False representation is fraud and affects everyone's auto insurance rates negatively.

If you couldn't care less about the cost to everyone in general, don't forget that your insurer is free to cancel your policy on the grounds of false representation.

I hope you know that this will invariably make you a higher risk and this means you'll pay more for your next policy. Insurers increase your rates by a good margin once you've let your policy lapse or had it cancelled for reasons like this.

It's been estimated that insurance fraud adds up to $1,500 to the average family's insurance premium annually. You can save us all this extra burden by representing your details truthfully.

Policyholders who do NOT make claims for up more than 3 years get a No Claims bonus. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. Handling little fixes on your own will help you save more as you'll get a big discount.

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Another alternative for you is to use your parents' auto insurance policy. If you're of driving age, then your parents certainly are far above 25 years which means they are lower risk drivers.

You must remember that the vehicle must be registered in their name and you must be living with them if you want to take advantage of this option. This means that they legally own the car. If the benefits of "independence" outweigh your auto insurance savings then this is certainly not alternative for you.

And...

The most vital step to reasonable savings in auto insurance is comparison shopping -- Provided that you do it correctly. You can get quotes that will have a difference that exceeds $1,000. You could easily save that much by just picking the lowest quote. That should be the case if you're just after the lowest price.

Howbeit, if you're after the best value to price ratio then you'd have to check the details of the cheapest quotes. Different insurance companies may have different exclusions for similar policies. It's wise to ask the agent what's part of the deal and what's not.

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