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10_Ways_to_Save_Big_on_Auto_Insurance

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					Title:
10 Ways to Save Big on Auto Insurance


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519


Summary:
Auto insurance can make a big hole in your pocket. Insurance premiums vary hugely between companies,
agencies or agents, brokers, and of course the make of the car you own and your credit rating.



Keywords:
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Article Body:
Auto insurance can make a big hole in your pocket. Insurance premiums vary hugely between companies,
agencies or agents, brokers, and of course the make of the car you own and your credit rating. To pay lower
insurance you must:


1.Always maintain a good driving record.


2.Never accept the first estimate you receive. Be wise and check comparisons of different insurance
providers at your state insurance department website or phone them. Their addresses and contact numbers
can be accessed from http://www.consumeraction.gov/insurance.shtml the consumer action website. Be sure
to get competitive quotes from different insurance providers. Contact providers that are strongly
recommended by people you know well. Keep your peace of mind by checking the financial stability of the
companies with rating companies like A.M. Best (http://www.ambest.com/) as well as in forums and blogs.



3.Complete a market survey well before you select a car make and make a comparative table of insurance
and other hidden costs. Find out which features increase insurance premiums and which ones reduce
premiums. For example if parts of a certain make are hard to find or expensive such cars will have huge
insurance premiums, similarly installation of anti-theft devices or an extra brake system lowers insurance
premiums. Many questions are answered by the Insurance Institute for Highway Safety at
http://www.iihs.org/.


4.Choose to have higher deductibles this will reduce the burden by at least 15-25%. But look at your
finances first and determine whether you can set aside US$ 200-US$1000 periodically to create an
emergency vehicle fund.
5.Consider availing the insurance from the same company that has you covered for home, accident, or life.
Many companies offer concessions to clients who have more than one kind of policy. Known as a multi-
policy discount this could benefit you.


6.Most policies are based on your personal credit record. Having an unshakeable credit history can lower
costs. Pay bills on time, don’t avail too many loans, and be sure that credit balances are as low as possible.


7.Avoid duplicating medical coverage. Find out whether eliminating medical cover in auto insurance will
reduce your premiums or the personal injury protection costs. In some places the reduction is as much as
40%. So, if you have adequate health insurance you could weigh the pros and cons of eliminating this in
auto insurance.


8.Find out if insurance premiums are dependant on where you stay. Sometimes staying in a rural community
or suburbs as against the city center could save you a bundle.


9.Take advantages of discounts like low risk career, low mileage, taking public transport to work, car
pooling, no violations or accidents, taking defensive driving courses, following safety rules and regulations,
or having a child who studies far away.


10.Use the reductions offered for insuring more than one car belonging to the family. Many companies have
special offers for corporate organizations, club members, professional groups, alumni groups, or clubs.


Make time to make a big saving. Check through all the parameters and mark areas where a saving can be
made. The market is competitive and you can be the beneficiary.




auto insurance prices

				
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posted:7/26/2012
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