November 21st, 2010
Before you acquire an auto insurance policy, it is advisable to do a little research to land on the best deal possible. This is in turn will reduce unnecessary costs and even earn you discounted premiums. A good number of insurance firms have been on the forefront to ensure that such low cost premium deals are catered for. However, attainable factors are still used to arrive at the premium prices for your car insurance.
One interesting factor that is almost ignored by most motor users is installation of safety devices in their cars or vehicles. With installed security systems, perfect headlamps and safety cushions you can earn very attractive discounted insurance policies. Alarms, anti-theft or airbags should not miss in your car if you want to save on your car insurance.
Less driving is currently associated with low premium rates. It earns what is called ‘low-mileage discounts’. After driving lower than the minimum set number of miles inside a year, you may record the mileage and forward them to insurance company as a proof. A successful evaluation may reward your car with the cheapest car insurance in the year.
Insurance companies have devised special ‘teens’ discounts to cater for your teenage child who colleges over 100 miles away from home and does not drive. Incorporating the child in your car insurance policy will attract additional discounts. Interestingly, there are laid conditions to be made in order to enjoy this discount. You child must have outstanding academic record and should have completed an approved driver’s education course.
Several vehicles will attract significant reduced rates if they are insured under a single insurance policy. Taking such a decisive path saves substantial amount of money and greatly lowers the premium rates. If you decide to buy a life insurance policy from the same insurance company, you risk running into very high discounted rates.
Remember that there exist miscellaneous discounts for policy holders on top of their car insurance rates. Those who have shopped from one insurance company for several years including retired personnel stand a good position of attracting huge discounted premium rates. Those who have never been involved in any accident for a period of 3-4 years are also eligible to this type of discount. Always be prompt in applying for this discount if you qualify. Seeking information on car insurance policy from closest auto dealer is another crucial means of reducing costs spent on car insurance. This dealer will guide you in arriving at the best deal.
August 15th, 2010
Owning a car is one thing and insuring it is another. Auto insurance is an avoidable obligation which is geared to reducing costs through a refund in the unfortunate event of an accident or any other calamity. Insurance companies have come up with varied insurance schemes to make you save on your car insurance policy. So if you think you have been spending giant sums of money on insurance then the following methods will guide you into making huge savings.
Learn to choose the perfect insurance company that offers the best premium rates for your car insurance policy. You can always request for free quotations from different insurance providers and compare their rates. Make a critical assessment and most likely, you will arrive at the ideal policy that best suits your demands. With an existing insurance plan, you can easily reduce costs by requesting possible discounts. Again, ensure the policy does not carry unnecessary charges. Go for a car insurance policy that delivers benefits favoring the policy holder. It is also good to think out damages that can befall your car and use them as guide in choosing the appropriate policy.
At the time of applying for your car insurance policy, two deductible options are provided; higher deductible and lower deductible. Several car owners make an assumption that low begets low. It isn’t. In contrast, higher deductible reduces monthly payment and thus more monthly savings. On the other hand, lower deductible increases the monthly payment hence lower monthly savings. If the monthly savings made by acquiring higher deductible are accumulated, you will end up saving great sums.
If you have a loan on your car then applying for a GAP insurance comes in handy. This insurance policy is used to cover the difference between Actual Cash Value (ACV) of your car and the remaining loan at the time of an incident. GAP insurance is vital because the insurance company understands that in the event of an accident, the ACV could be less than the retailing value; widening loan margins. GAP can also be used to pay deductibles.
Before you decide on a low car insurance policy, look into the following: choose an appropriate policy from a good insurance company and pick higher deductibles. Be aware of possible damages to your car in order to land on the right policy. If you have a car loan, then consider an application of GAP insurance. They are all meant to save on your car insurance.
February 12th, 2010
There are four basic rules you must follow if you wish to purchase cheap car insurance. If you follow these rules carefully, you are sure to be able to find car insurance to fit any budget.
The first rule is: Buy and inexpensive car. The less a car costs, the less it costs to insure it. Cars like the Nissan Sentra, or Cube and the Ford Focus or Fiesta are excellent choices.
Buy a car that is cheap to repair. That is the second rule. Insurance companies consider the cost of car repair when deciding on insurance rates. If you buy one of several models offered by Hyundai, Kia, Mazda or Chevrolet, it will go a long way towards ensuring your insurance rates remain low. These cars are reasonably priced and inexpensive to repair.
The third rule for getting cheap car insurance is makeing sure the vehicle you buy has an alarm, immobilizer or tracker. Car theft is a major concern for insurance companies. The aforementioned devices make the vehicle difficult to steal and easy to retrieve. This saves both you and the insurance company money.
Carefully choosing where you live is the fourth rule for getting cheap car insurance. Choosing a small Midwestern or southern city like Wapakoneta, Ohio, Green Bay, Wisconsin or Chattanooga, Tennessee will save you hundreds each year in car insurance.
Follow these four rules and you will be the envy of your friends and family when you tell them what you pay for car insurance.
December 24th, 2009
So you are about to buy a car but want really cheap car insurance. Then you must be selective when it comes to the price, type, security and acceleration of the vehicle.you choose.
If you want cheap auto insurance, then do not buy a hot rod or a high priced European car. That type of vehicle is expensive to replace or repair. Insurance covers you from potential loss or damage to your vehicle and insurance companies are in business to make money. Buying a high end car with quick acceleration and high top speeds represents high risk. Insurance companies use a rating put out by the International Organization for Standardization. This organization gives them an ISO number on each vehicle. If you choose a Japanese car like a low end Honda, Toyota or Mazda, you vehicle will have a low ISO and will cost less to insure.
Living in big cities in the north and west also drives up car insurance. The high cost of living in New York or Los Angeles translates into high auto insurance costs. You should consider living in Texas or a small town in Ohio or Wisconsin if you want to save money on car insurance. Car insurance is a gamble and insurance companies do not like to lose. You a better bet if you drive and inexpensive car and live in a small town. So if low insurance rates are important to you, buy a Chevrolet, Kia or Hyundai and move to the Midwest.