Automobile Insurance Rates -- To Save Considerably, Apply These

Would you like a lower rate for sufficient coverage? Here are things that will help you attract big discounts easily...

1. Some cars are very expensive to insure. It will help a lot if you discuss with your agent before buying your next vehicle. A comparable car that has a poor crash rating and higher theft rate will be more expensive to insure.

Along these lines, cars that generally cost more to repair also cost more to insure. This is my personal opinion; but it does make sense to buy a comparable car that is less expensive to insure.

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2. A car with a higher safety rating will make you eligible for better rates than another with a poorer rating all other things being equal. Safety ratings should receive top consideration when buying a new vehicle. Such mechanisms get you a reasonable discount. For more information on these and how much savings you'll realize by fixing them, talk with your agent.

3. It's a known fact that young drivers attract high rates. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.

Therefore, as much as possible, do not place such a driver on your own policy. You'll be made to pay very high rates if you do otherwise. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.

Let your teen bear the responsibility of paying for their auto insurance. Teens who pay for their own auto insurance are more willing to take steps to bring it down. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

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4. You'll save by being loyal to an insurer due to the long term discount and accident forgiveness which they give to long-standing policy holders. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

Most insurers will also not raise the rates of a long standing policy holder if they make only just one claim. Insurers offer these as incentives to keep you with them since it serves them better too. The longer you stay, the more you'll save.

But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.

Let usassume, that you are given a five percent (or $125) discount after your third year with an insurer where you present auto insurance rate is $2,500.

However, bear in mind that your rates may be altered to reflect the effect of inflation. But if you do regular shopping for auto insurance you will almost always get an insurance carrier within those years of waiting who will give you a similar coverage for less. In such a case, it will be pointless to stay put because you are after a discount years later when you can enjoy lower rates immediately.

You'll almost always get lower rates if you take the time to do extensive shopping because there are hundreds of insurers out there. Since the process of getting and comparing auto insurance quotes takes just minutes, I'll wonder why you will not do that instantly and get more affordable auto insurance rates right away.

5. Complete a defensive driving program. Apart from the fact that they will reduce your rate, they will help keep you and others safer.

6. Do you know that some folks are paying much more in auto insurance because of where their homes are? Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

So check with your agent before you commit to a new home. I know: That isn't usually an issue when you're looking for a home but it's really important.

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

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7. As an under twenty five, you can pay cheaper auto insurance premiums if you use your parents' policy. Your parents are part of a better risk age bracket.

There are two conditions that you must fulfill to make this possible: The vehicle must be registered in your parents' name and you must live with them. If you don't like the idea of handing the car's ownership to them and other stuff that may be attached to that, then you will have to forego this option.

8. You will save a lot of dollars by visiting a minimum of 5 quotes sites. If you do this, you will make it most likely that you'll get all the lowest auto insurance quotes available since five sites will give not less than 25 quotes altogether.

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