5_Quickest_ways_to_lower_your_Auto_Insurance_Premium

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5 Quickest ways to lower your Auto Insurance Premium


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Summary:
Are you looking for ways to lower your Auto Insurance Premium? Auto insurance rates can spiral
depending upon factors that include your age, past driving record, and other factors such as credit history.



Keywords:
instant auto insurance quote, insurance



Article Body:
Are you looking for ways to lower your Auto Insurance Premium? Auto insurance rates can spiral
depending upon factors that include your age, past driving record, and other factors such as credit history.
However, the trick is to find ways to lower the annual pay-off. We have pulled up for you the 5 quickest
ways to lower your Auto Insurance Premium.



Tip 1: Hike up your deductible


Stop trying to get the ‘lowest deductible’, instead go in for a comfortably higher out of pocket payment plan.
‘Deductible’ is the amount that you would pay before your insurance policy kicks in. This is an easy way to
reduce your periodic premium amount, however, be warned, in such a case, if something happens to your
vehicle - you need to shell out more to cover the initial expenses, prior to going in for a claim.



Tip 2: Park your vehicle in a garage


One of the simplest ways to cut down on insurance premium is to park your vehicle in a garage, personal or
commercial establishments. This helps in knocking off, in some cases, close to 20% of the premium. In a
garage, the chances of your vehicle getting stolen or sideswiped are considerably lower. From a transaction
perspective, parking in a garage could mean a difference between a preferred rate and a standard rate.



Tip 3: Shop around and bargain


Nothing beats the traditional ‘shop around to bargain’. Make sure you at least have three to four price quotes
with you, prior to fixing on the service provider. Ensure that you are not shopping for price alone, but the
whole deal.



Tip 4: Take a Defensive Driving Course


Not many people are aware of this. By volunteering for a state-approved defensive driving course, you can
avail discounts in premium of up to 10%. However, do cross check with your insurer on this.



Tip 5: Downsizing Coverage


Well, downsizing coverage is perhaps the easiest way to lower your auto insurance premium. However, we
suggest you to be careful and prudent, while taking this decision. This might save money, but, would also
limit coverage.




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