Lower Car Insurance Rate -- Simple But Proven Ways

1. Do your best to always ensure your auto insurance never lapses. Individuals who allow this to happen to them get higher rates for a long time. Don't make room for this mistake if you're switching because that's when this happens to a lot of people.

Don't terminate your old policy until the new one is fully in force and you'll avoid this costly mistake. As simple as this may seem, many people are bearing the weight of higher rates because of just a little negligence.

2. If you opt to pay your premiums monthly, you'll attract higher rates. You may be told monthly payments are less stressful but what you don't know is how much more you pay for it..

If you do transactions with banks you will agree with me that each check you process is regarded as transaction which attracts charges. All through a year, your monthly checks would be processed separately since they are all separate transactions. This means that you'll pay transaction charges 12 times..

Apart from this there are also administrative costs that are incurred due to the monthly payment option. For instance, it costs some money to send payment notices monthly.

These and more are then included in your rate thereby making it higher than if you paid annually.

3. You'll be given cheaper car insurance rates if you pay by Electronic Funds Transfer (EFT). This authorizes your bank to credit your insurance provider with your premium payments automatically until you stipulate to the contrary. This saves your insurer in many ways such as eliminating the cost of mailing payment notices and the cost of processing checks. This is why this attracts lower rates.

4. You will save much money in auto insurance if you obtain and compare auto insurance quotes from quotes sites. You will realize savings if you visit just one of such sites. However, you will get more by using at least five.

The plain reason for this is that you will receive a greater number of auto insurance quotes from a wider range of insurance companies. This raises your chances of getting better rates.

Get Cheap Auto Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!