Lower Car Insurance Rate -- Straightforward But Sure-Fire Tips

1. Do your best to always make sure your auto insurance never lapses. It will make you pay expensive rates for a considerable length of time. Don't make this mistake while changing insurers since that's when this happens to a lot of folks.

Don't terminate your previous policy until the new one is fully operational and you'll avoid this costly mistake. As simple as this may seem, a lot of individuals are bearing the weight of exorbitant rates because of just a little negligence.

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2. Paying your premium once a year will get you lower rates than choosing monthly payments. True, paying monthly might be convenient but they are also costly.

Every check that is processed attracts a charge. While a yearly payment requires a single check and therefore one transaction per year, monthly payments attrract twelve. This implies that transaction costs would be 12 times more for people who make monthly payments.

There are also administrative costs to your insurance provider that are due to monthly payments. A good example of such is the cost associated with mailing payment notices..

These and more are then added to your rate thus making it more than if you paid every year.

3. Take it upon yourself to ask your agent about all the discounts available to you with your present insurance carrier. Since agents too are not above mistakes they might forget to tell you about some discounts you should take advantage of. You'll know simply by telling your agent that you want to know if you have been informed about every discount possible for your profile. You might be in for a very pleasant surprise!

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4. Defensive driving will help reduce your vehicle insurance rates so take a course on it. In addition to improving your driving, they will get you a discount with your insurer provided such a program is recognized by them.

5. Electronic Funds Transfer (abbreviated as EFT) is a painless way to reduce your car insurance rate. This just means your insurer withdraws your premiums automatically from your account each month without mailing you payment notices. This saves your insurer in many ways including removing the cost of mailing payment notices and the cost associated with processing checks. This is why this attracts lower rates.

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6. Take out some time to visit a minimum of five insurance quotes sites that offer quotes on auto insurance policies. This should require not more than 25 minutes.

As you visit each quotes site, make sure you input the same details. Doing otherwise will produce misleading results. When you've received your auto insurance quotes, compare them to see which serves your interest best in price/value.

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