Car Insurance Rates -- To Save Considerably, Implement These

Everyone in their right mind would be very happy to find a way to enjoy lower rates provided such a way won't downgrade the scope of coverage they get. You'll see a good number of useful recommendations in this article...

1. The difference in the cost of insuring similar vehicles could be very huge. Therefore, have this on your mind when you are ready to buy your next vehicle. Avoid any car that has a high theft rate and/or a bad crash rating.

In addition, it will also cost you more if a car costs a lot to repair or maintain. With such diligence you can avoid buying a car that will cost you thousands in higher premiums over time.

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2. It will cost you a lot more to insure a car if it has a poor safety rating. Does your vehicle have built-in safety features? You will be eligible for a Safe Car discount if your car has such mechanisms. Examples of these safety devices are air bags, automatic seatbelt, ABS brakes and daytime running lights. For more information on this and how much savings you'll realize by fixing them, talk with your insurance agent.

3. Under-25 drivers get higher rates than any other age group. More so, the younger an under-25 driver, the more they'd have to pay. That is why teenagers pay a lot more than 22-year olds.

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. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.

If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. Teens who pay for their own auto insurance are more willing to take steps to bring it down. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.

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4. Insurers give give customers who have remained loyal a long term discount and accident forgiveness. 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. These are all incentives for you to stay with them for as long as possible. 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.

Say, for example, that your auto insurance premium with your current insurance provider is $2,500 you'll get a discount of about five percent or $125 if you stay for at least three years.

But also bear in mind that your rates may be altered to reflect the effect of inflation. But if you are someone who does routine shopping for auto insurance you will almost always get an insurance carrier within those years of waiting who will give you comparable coverage for less. In this regard, it will be pointless to stay put because you are after a discount years later when you can get cheaper rates immediately.

But believe it or not, most people can pay far less with another insurer if they'll only take the time to shop properly.. You can only know if this is true in your case if you obtain and evaluate quotes from many different auto insurance carriers and then see where your interest is better served..

5. Defensive driving makes you eligible for cheaper rates therefore take a course on it. Apart from the fact that such programs will make you a better driver, they'll show your insurance provider that you're taking active steps to reduce your risk level.

6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

So, as part of your home shopping activities, check how this neighborhood will affect your auto insurance rate. This doesn't come readily to mind when you're shopping for a new home. Does it?

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. A good option for you is to use your parents' car insurance policy. Your parents are part of a better risk age bracket.

You have to bear in mind, though, that the car 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 car insurance savings then this is certainly not an option for you.

8. You will save much by visiting a minimum of five quotes sites. That way, you will be able to get the lowest auto insurance quotes possible since five sites will give up to 25 quotes altogether.

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